Business

Fort Portal, Uganda | THE INDEPENDENT  | A total of 300 SMEs in Masaka, Mbarara, and Fort Portal have received training in entrepreneurship and financial literacy from Absa Bank Uganda, in partnership with Enterprise Uganda. The training programme for western Uganda saw the SMEs get taken through modules such as …

Angola and the Democratic Republic of Congo have handed the Lobito rail corridor rehabilitation to foreign private investors to spur exports of critical minerals required for clean energy and to boost intra-Africa trade. SPECIAL REPORT | BIRD AGENCY | Until the 1970s, the Lobito rail corridor was one of the …

Kampala, Uganda | THE INDEPENDENT | The developers of the Bwaise transit terminal in Kawempe division in Kampala are seeking government funding to complete the project. The terminal is intended to accommodate taxis and buses from various regions, including northern Uganda, Kayunga-Bugerere, and Kiboga on Hoima Road. The Bwaise terminal …

Research shows that for social enterprises to enhance their performance, network capability and strategic planning are key Kampala, Uganda | AGENCIES | Social enterprises are organisations that promote social or environmental issues as their core business. They are useful to societies in lots of ways. They can help solve social and …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has declared a total of Shs200 million as proceeds from the inaugural Absa KH3 7 Hills Run held on May 28, 2023. The 21km run spanning the seven iconic hills in Kampala organized in partnership with the Kampala Hash House Harriers, was …

Ojangole receives the Award for the third time in a row. Kampala, Uganda | THE INDEPENDENT |  Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given …

There are no specific regulations for women in procurement despite the provision in the PPDA Act that women be included as a special interest group Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s public procurement sector offers immense economic opportunities to the citizens but there remains a stark gender disparity as only …

Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum (UCMP) Board appointed Mr. Humphrey Asiimwe as the new Chief Executive Officer effective March 1, 2023. He spoke to JULIUS BUSINGE  about his management philosophy, plans for the organization, and the two sectors; excerpts: It is slightly over four …

St Petersburg, Russia | Xinhua |  In the first half of 2023, Chinese automakers sold more cars in Russia than the whole year of 2022, hitting a new high. According to figures released on Monday by Otkritie Auto, the auto business unit of Russia’s Otkritie Bank, 168,000 Chinese cars were …

Shareholders agree to increase remuneration for company chairman, directors by 20% Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu limited voted overwhelmingly to increase the pay for the company chairman and directors during their 58th Annual General Meeting held at Serena Hotel on July 6. The virtual AGM, attended by …