Business

Kampala, Uganda | THE INDEPENDENT | Uganda Bureau of Statistics (UBOS) has allocated Shillings 399 billion for the upcoming population census scheduled for August this year. Chris Mukiza, the Executive Director of UBOS, revealed that the funds will be utilized over a period of two and a half years. Of …

    Johanessburg, South Africa | THE INDEPENDENT | MultiChoice Group, Rapyd and General Catalyst today announced a joint venture aimed at developing an integrated payment platform for Africa. The joint venture will operate under a new company, called Moment. Moment offers expanded payment infrastructure for businesses across Africa to help …

COMMENT | CLEVER NICHOLAS | While debt collection intends to ensure that individuals and businesses fulfill their financial obligations, it is increasingly becoming evident that the debt collection industry in Uganda has been hijacked by court bailiffs who engage in debt collection without court order, which is illegal and improper. Court …

Kampala, Uganda | THE INDEPENDENT | The inadequate allocation of government funds for road construction and maintenance in Kampala continues to be a significant topic in political and social discussions, highlighting the pressing issue of the city’s poor road infrastructure. Recently, Kampala Capital City Authority (KCCA) faced public backlash over …

Some lenders have either voluntarily exited the market or offered themselves for acquisitions to meet the new capital requirements Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has got the nod from the Capital Markets Authority to go ahead with the bonus issue to raise capital to meet the new …

Kampala, Uganda  | THE INDEPENDENT | Uganda is set to host the 55th African Airlines Association (AFRAA) Annual General Assembly this year, amidst complaints by the national carrier over alleged unfair trade practices in the content industry. Uganda Airlines Chief Executive, Jennifer Bamuturaki lists bureaucracy by states as one of …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has announced plans to conduct a nationwide crackdown on bakeries that supply underweight bread to the market. The move comes as the market is flooded with numerous pre-packaged products that fall below the required measurements, including bread, …

Kampala, Uganda | JULIUS BUSINGE | Nile Breweries Limited has launched a social entrepreneurship program dubbed “100+ Accelerator,” Cohort 2023 aligned towards the promotion of business start-ups committed to sustainability. The program, an initiative of the parent company of NBL, AB InBev will offer a funding opportunity of up to …

Kalangala, Uganda | THE INDEPENDENT | Novat Mukajanga Baliremwa, a marine engineering specialist, has emphasized the importance of conducting regular safety drills for operators of public water transport vessels. His call comes in response to a recent incident involving MV Nodl, which caused panic among nearly 100 passengers traveling on …

But directors have recommended a dividend of Shs2.5 per share payable in September this year which is higher than Shs2 per share paid last year. Kampala, Uganda | JULIUS BUSINGE | Pharmaceutical manufacturing company Cipla Quality Chemical Industries Limited has reported a 21% decline in profit after tax from Shs24bn in …