Business

Ruto directs new measures to improve cargo handling at Mombasa Kampala, Uganda | THE INDEPENDENT | Kenya has agreed with neighbouring countries, a raft of measures to be implemented immediately to improve cargo handling through the Port of Mombasa to the hinterland. Among them, Ruto directed the immediate removal of all …

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.’ To …

  Kampala, Uganda | THE INDEPENDENT |  Michael Atingi-Ego, Deputy Governor of the Bank of Uganda has called on business organisations to have the right structures, and processes that can help them anticipate and prepare for, respond to, and adapt to disruptions if they are to be resilient. Atingi-Ego was …

Kampala, Uganda | THE INDEPENDENT | Intra-regional trade in the countries in Eastern Africa is still below 10% despite initiatives like East African Community. This is according to a report by the African Development Bank. The Bank in the report said that even the African Continental Free Trade Area has not …

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 …