Business

Kampala, Uganda | THE INDEPENDENT | The International Energy Agency (IEA) has released its latest medium-term market report, signaling a notable deceleration in the growth of global oil demand in the coming years. The Oil 2023 outlook shows that investment in clean energy is accelerating at a faster rate than …

  Mukono, Uganda | THE INDEPENDENT | MTN Uganda in partnership with Uganda Small Scale Industries Association has donated equipment including a bread mixer, baking table, baking raw materials, computers, and internet connectivity for a year worth Shs10 million to Mulungi Confectionary and Skilling Center in Mukono District. This donation …

Despite challenging market conditions, MultiChoice Africa’s unwavering dedication to telling African stories and its ongoing investment in local content has been a driving force behind its success in a highly competitive sector Johannesburg, South Africa | THE INDEPENDENT |  MultiChoice Africa Holdings  has demonstrated remarkable resilience and achieved profitability, solidifying …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to maintain its base interest rate, the Central Bank Rate at 10 percent despite the sustained fall in inflation since late last year. The CBR is an indicator of the cost of money to commercial banks, on which …

Museveni also boasted about the country’s industrialisation exploits, with factories he said now standing at 226 and over 303 waiting to open Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni is content with the economy’s progress, which he said recovered from a nosedive during the COVID-19 pandemic, and is poised …

The companies are well positioned to benefit from the growth of Africa’s tech but they must address the needs of African users Kampala, Uganda | THE INDEPENDENT | Last year, Google’s Equiano undersea cable began conveying terabytes of data per second to and from African shores. Valued at $1 billion, Equiano …

Kampala, Uganda | THE INDEPENDENT | Pan-African lender, Ecobank Group, has unveiled its ‘Ecobank Single Market Trade Hub’ as part of its commitment to promoting intra-African trade. The Ecobank Single Market Trade Hub is now live, with over 300 businesses from 22 countries having signed onto the digital platform. The Trade …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has today given its judgment in the Ham Enterprises and Hamis Kiggudu vs Diamond Trust Bank case. Court says the loan to Kiggundu was legal. (read full judgment below ) Businessman Kiggundu had petitioned the Supreme Court in Kampala asking them …

Kampala, Uganda | THE INDEPENDENT | A team of joint security forces have arrested 102 suspected robbers at the Northern Bypass and Clock-Tower in Kampala. The operations came at a time when thugs had resumed their attacks on pedestrians, passengers on motorcycles including throwing logs at drivers. The security team …

Kampala, Uganda | THE INDEPENDENT | Members of the Uganda Law Society have clashed over the pending appeal in the Supreme Court where  businessman Hamis Kiggundu is seeking to recover 120 billion shillings from Diamond Trust Bank Uganda and Diamond Trust Bank Kenya. The pending appeal in the Supreme Court …