Business

Kampala, Uganda | PATRICIA AKANKWATSA | In a landmark move set to redefine the future of transportation in Uganda, homegrown electric vehicle (EV) manufacturer BODAWERK has unveiled a strategic partnership with Watu, a prominent financial services provider. The collaboration aims to fund an ambitious expansion project and electrify the country’s …

  Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Tourism, Trade, and Industry has recommended the termination of the contract of Helmsman Quality & Technology Services Limited, a Chinese firm providing Pre-Export Verification of Conformity (PVoC) services for Uganda. This decision comes following concerns raised during due diligence …

  Mbale, Uganda | THE INDEPENDENT | Prudential Uganda has announced a groundbreaking partnership with Tusafishe a non-government Organization that seeks to enhance the provision of clean and safe drinking water to five schools in Mbale district. The selected schools include Nkoma Secondary School, Mbale High School, Nabuyonga Primary School, …

Kampala, Uganda | THE INDEPENDENT | City Hall Grade One Magistrate Rehema Nassozi Ssebowa has remanded two men to Luzira Prison on charges of obtaining money by false pretense and conspiracy to commit a felony. The suspects, James Mugisha, a resident of Kitende, Kajjansi Town Council in Wakiso District, and …

Kampala, Uganda | THE INDEPENDENT |  Uganda Development Bank has announced a Shs150 billion financial commitment earmarked to provide affordable and patient financing to Ugandan contractors, executives said on Oct.2. Dubbed the Ugandan Contractors Financing Initiative, the financing complemented by Business Advisory and Project Management advice services will support Ugandan …

Gulu, Uganda | THE INDEPENDENT | Illegal charcoal trade has continued to boom in Northern Uganda with the support of boda boda cyclists. In May, President Museveni issued Executive Order Number 3 of 2023, banning charcoal trade in Northern and Eastern Uganda, to bring an end to the indiscriminate cutting …

Africa is expected to be disproportionately affected by climate change, despite accounting for less than 3% of the world’s energy-related carbon dioxide emissions ANALYSIS | AGENCIES | The African Development Bank (AfDB) has unveiled an insurance facility that aims to raise an initial US$1bn in financing to support countries on the …

However, more than three-quarters of the respondents are willing to recommend insurance in the future Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance industry survey released on Sept.26 during the 57th CEO breakfast meeting in Kampala has provided valuable insights on customer satisfaction levels. One central question, “are customers satisfied with …

Kampala, Uganda | JULIUS BUSINGE | Innovations in different sectors of the economy will dominate this year’s 3rd National Science Week which is expected to take place from November 6 – 11 in Kampala, said Dr. Monica Musenero Masanza, the minister for Science, Technology & Innovation on Sept.27. A total of …

Kampala, Uganda | THE INDEPENDENT | AB InBev’s Ugandan unit, Nile Breweries Limited, has launched a campaign to promote responsible drinking. Running under the tagline “Enjoy Like a Boss – Be a Champion of Moderation,” the campaign seeks to induce self-moderation in consumption through creating awareness about the dangers associated with …