Business

Kampala, Uganda | THE INDEPENDENT | Delegations from 25 African coffee-producing countries and a number of consuming nations are due to gather in Uganda for the second G25 Africa Coffee Summit (ACS) next month. The 3-day summit organized by the Inter-African Coffee Organisation (IACO) will run from August 7, at the …

Kampala, Uganda | THE INDEPENDENT | CFAO, a distributor of Toyota vehicles and spare parts in Uganda has urged vehicle owners to be vigilant about the risks of counterfeit products and emphasised the importance of choosing genuine parts for optimal performance, safety, and long-term value. In a media statement shared …

Masaka, Uganda | THE INDEPENDENT | Vendors are demanding the remodeling of a multi-billion modern market in Nyendo-Mukungwe Division, Masaka City. In 2017, President Yoweri Museveni commissioned the market, constructed at a cost of sh13 Billion  which was part of a loan government obtained from the Arab Bank for Economic …

Kampala, Uganda | THE INDEPENDENT |  Centenary Bank together with Rotary Uganda are extending the annual Rotary Cancer Run awareness campaign to the different regions of the country. This year’s run is scheduled for August 27th 2023 in Kampala, regions and key global cities, under the theme ‘Run for Hope.’ …

The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital Abidjan, Ivory Coast | THE INDEPENDENT |  The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The …

NEWS ANALYSIS | THE INDEPENDETN | The Kenya Shilling has steadily been declining against most currencies, including global leaders like the US Dollar and regional currencies, mainly the Uganda and Tanzania Shilling. For so long, the Uganda Shilling traded at an average of 30 to the Kenya Shilling and one …

Kampala, Uganda | PATRICIA AKANKWATSA | Uganda Freight Forwarders Association (UFFA) in partnership with the International Federation of Freight Forwarders Associations (FIATA), will host the RAME2023 an international conference that brings together freight logistics stakeholders from the Region Africa and Middle East (RAME) at the Commonwealth Resort, Munyonyo, next month RAME represents …

London, UK | THE INDEPENDENT  | The UK Court of Appeal has today ruled that the Crane Bank-DFCU dispute over assets can be tried in the UK. The UK High Court had previously dismissed the Crane Bank Limited (CBL) claim on grounds that it was based on actions exercised by Bank …

Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has reported a notable improvement in the movement of goods among the member states. According to John-Bosco Kariisa, the Executive Director of EABC, the movement of goods among member states has increased from 20 percent, recorded in September …

Kampala, Uganda | THE INDEPENDENT | At least 10 percent of registered companies in Uganda have been struck off the national register for violating operational requirements. The Uganda Registration Services Bureau, URSB, says the 875 companies had not submitted their annual performance returns for the last five years as per the law, …