Business

Kampala, Uganda | THE INDEPENDENT | Salaam Bank Uganda Ltd has become the first commercial bank to acquire a license to offer Islamic banking services in Uganda. Salaam Bank is a Ugandan subsidiary of Salaam African Bank of Djibouti, through Top Finance Bank which it acquired in August last year. Salaam …

Kampala, Uganda | THE INDEPENDENT | Petrol prices and global inflation are likely to tick higher again as the OPEC+ group of oil-producing countries will hold production at nine million barrels a day for the rest of the year. In Kampala, a liter of Diesel was at some pump station nearing …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) has officially bid farewell to Japheth Katto,  the former Board Chairman, who has been at the helm of the organisation since 2018. Katto, who is referred to as “Chief” by his colleagues, also passed the mantle of UBL Board Chairman to …

Kampala, Uganda | THE INDEPENDENT |  A specialized insurance policy tailored to cover both Boda boda riders and their passengers has been introduced. This comprehensive policy provides coverage for accidents, injuries, and unforeseen incidents, including medical expenses, hospitalization benefits, personal accident coverage, and the welfare of insured individuals. Boda boda (motorcycle …

Kampala, Uganda | THE INDEPENDENT | The East African Community partner states have through their standards regulators agreed on 11 measures aimed at improving the standard of food products on the market. The move is also aimed at ensuring the protection of local consumers against food-borne diseases and a smooth …

Mbarara, Uganda | THE INDEPENDENT | Fresh fish vendors in Mbarara central market are threating to hold protests after the city council authorities set a deadline for their eviction due to unpaid fees. The fish vendors, who typically pay a monthly rental fee of sh100,000, have refused to pay for …

Kampala, Uganda | THE INDEPENDENT | Private sector stakeholders, led by the Private Sector Foundation Uganda (PSFU), in collaboration with the government and the African Management Institute (AMI), have introduced pioneering standards for Business Development Services (BDS) providers in Uganda. The standards represent a first for Uganda and the entire …

Kampala, Uganda | THE INDEPENDENT | The private sector leaders in Uganda and South Africa have called on the two governments to work towards removal of all non-tariff barriers to trade between the countries, including travel visa restrictions. This comes amidst a continuously highly imbalanced trade position, with South Africa …

Kampala, Uganda | THE INDEPENDENT | Confusion has emerged over the management of the Luweero stage in the recently inaugurated Bwaise transit terminal. The terminal is intended to be the operating point for all taxis serving the Bwaise and Kalerwe areas. However, this development has led to the emergence of …

Optimizing opportunities for trade in agriculture key to addressing balance of trade between Uganda and South Africa Kampala, Uganda | THE INDEPENDENT |  Day one of the Uganda-South Africa Trade and Investment Summit organized by the Government of Uganda, MTN Group, Absa Bank Uganda and various South African owned business entities …