Business

Starlink to leverage Jumia’s retail network to supercharge its broadband rollout in Africa, extending a vital financial lifeline to the struggling online retailer. SPECIAL REPORT | BIRD AGENCY | The stars may finally be aligning for Jumia after SpaceX’s Starlink tapped the online retailer, once dubbed Africa’s ‘Amazon’ to drive …

Imposing a uniform policy approach on African countries has only worsened crises, limiting their policy space ANALYSIS | CARLOS LOPES | The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-this month. The city and country are still reeling …

Kampala, Uganda | THE INDEPENDENT | The Kenya Ports Authority (KPA) has increased the free storage period for Transit cargo. Speaking to KPA stakeholders in Kampala, Betty Mkonyi, the KPA Country Representative to Uganda, said that apart from investing in state-of-the-art equipment and completing the new container terminal to increase capacity …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has initiated a certification process for palm oil smallholder farmers. The process aims to encourage sustainable practices within the palm oil industry and mitigate the adverse environmental impacts that have accompanied its growth. It will be …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court rejected an appeal by Heritage Oil in the longstanding $435 million tax dispute with the Uganda Revenue Authority. Heritage Oil had filed an appeal at the Supreme Court seeking to block some of the arguments by the Uganda Revenue Authority in a …

Investors need to undertake research, invest with licensed and regulated firms and regularly monitor their investments Kampala, Uganda | JULIUS BUSINGE | Uganda’s Capital Markets Authority (CMA) seized the opportunity presented by the 7th World Investor Week, running from October 2 to 8, to educate investors on prudent investment management and …

The local business face numerous challenges including low literacy, market access, political dynamics, and climate change affecting particularly women and young entrepreneurs Kampala, Uganda | PATRICIA AKANKWATSA | In a significant stride towards unlocking the vast potential of Micro, Small, and Medium-sized Enterprises (MSMEs) and catalyzing Uganda’s economic development, TechnoServe has …

Kampala, Uganda | THE INDEPENDENT | During September, Uganda’s private sector saw an increase in employment and purchasing activity as demand conditions remained favorable, resulting from the continued growth of new orders and enhanced business activity. The monthly headline Stanbic Purchasing Managers Index (PMI) rose to 52.9 in September, up from …

Kampala, Uganda | THE INDEPENDENT | Huawei Technologies launched the DigiTruck in Teso Sub-region in eastern Uganda to equip youth, farmers, and local district officials with digital skills. “Digitruck project would create sustainable livelihood opportunities for the informal sector by enabling small business owners to participate in regional and national trade,” …

Kampala, Uganda | THE INDEPENDENT | September 5th 2023, marked a momentous occasion as Kampala witnessed the grand debut of Four Points by Sheraton, a distinguished addition to the city’s skyline. In the presence of esteemed guests, dedicated staff members, and the top-tier management team, the hotel opened its doors …