Business

Implementation of the new law is a catalyst for bolstering growth of the sector Kampala, Uganda | JULIUS BUSINGE | The government expects to increase jobs in the minerals sector by 63% to 2.6million in FY2024/2025 from 1.6million reported in 2017/2018, according to Peter Lokeris, the state minister of minerals at …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, hopes to raise Shs 800 billion in an initial public offering (IPO). The company set the price for its initial public offering (IPO) at Shs100 per share and will offer up to 20% stake or 8 …

Kampala, Uganda | THE INDEPENDENT | Google is trialling a digital watermark to spot images made by artificial intelligence (AI) in a bid to fight disinformation according to the BCC report. Developed by DeepMind, Google’s AI arm, SynthID will identify images generated by machines. It works by embedding changes to individual …

Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …

Average cost of sending money back home for Uganda’s migrant workers is 11.3%, higher than global average Kampala, Uganda | RONALD MUSOKE | Uganda’s largest lender, Stanbic Bank Uganda, has entered into a new partnership with the UN’s International Fund for Agricultural Development (IFAD) to assist Ugandan migrant workers abroad in …

Kampala, Uganda | THE INDEPENDENT | Members of International Social Security Association (ISSA), have agreed to have shared digital knowledge to expand social security coverage in the informal sector. ISSA is an extension of the International Labor Organization, focusing on improving social security services among its more than 170 member states. …

Kampala, Uganda | THE INDEPENDENT | Third Deputy Prime Minister, Rebecca Kadaga has attacked Kenya and South Sudan for frustrating Ugandan business operators with what she calls unfair trade practices. Speaking at the second two-day East African Business and Investment Summit and Expo 2023 at Speak Resort Munyonyo, Kadaga, also Uganda’s …

Kampala, Uganda | THE INDEPENDENT | The British High Commission Kampala and TradeMark Africa (TMA) celebrated major milestones on Thursday when they attained in their partnership in reducing barriers to trade for Uganda and her neighbours over the last 13 years. The partners lauded the impactful interventions that have reduced the …

Kampala, Uganda | THE INDEPENDENT |   The Britam Asset Managers Uganda has introduced an investment solution that gives its clients access to competitive, short term interests on their fixed tenor investments for a pre-determined time. This follows the launch of the Fixed Income Money Market Fund (FIMMF) dubbed, Britam Easy Earner, by …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has been elected as the focal point for the implementation of the International Social Security Association’s (ISSA) activities in East Africa. ISSA is the world’s international organisation for social security institutions, government departments, and agencies, with over 320 member …