Business

Kampala, Uganda | THE INDEPENDENT | Ecobank Kenya, part of Ecobank Group, the leading pan-African banking Group, has announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, …

  Mbale, Uganda | THE INDEPENDENT | Anti-Counterfeit Network Africa in conjunction with the Office of the Director of Public Prosecution (ODPP), Criminal Investigation Department (CID), Interpol, Judicial Training Institute (JTI), Uganda Registration Services Bureau (URSB), National Drug Authority (NDA), Ministry of Agriculture, Animal Industries and Fisheries, Feed the Future/Inclusive …

Kampala, Uganda | THE INDEPENDENT | The start of the second quarter of 2023 saw a rise in employment as Uganda’s private sector recorded increased output and new orders with the headline Stanbic Purchasing Managers Index (PMI) rising to 55.4 in April, up from 53.2 in March. For the sixth successive …

The body has increased its efforts in regulating competition and consumer protection within the common market Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa (COMESA) Competition Commission on May 4 turned 10 years of operation with various activities held in Lilongwe, Malawi. CCC was established …

Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank has signed a US$3 Billion Country Programme with the Kenyan government. The memorandum was signed by Kenya’s Cabinet Secretary of the Ministry of National Treasury and Economic Planning, Professor Njuguna Ndungu, and the President and Chairman of the Board of Directors of …

The company expects to experience an increase in capital expenditure owed to sustained investment to boost growth Kampala, Uganda | THE INDEPENDENT | MTN Uganda has announced a 20% growth in profit after tax for the first quarter of this financial year to Shs 120.6bn and said it maintains a full-year …

Zimbabwe is taking advantage of a technology used in South Africa and China, to develop ammonium-based fertilizers from coal SPECIAL FEATURE | BIRD AGENCY | A Zimbabwean government-owned entity, Verify Engineering, is preparing to use locally available coal to develop ammonia-based fertilisers as the country ramps up agricultural productivity. “We …

Kampala, Uganda | THE INDEPENDENT |  Members of Parliament on the Committee of Science, Technology and Innovation have expressed concern over the delayed payment of workers operating in the sericulture project saying that it could be the biggest problem hindering its growth around the country. Sericulture is the art and …

Kisoro, Uganda | THE INDEPENDENT | The Uganda National Roads Authority (UNRA) has announced that it will require approximately three weeks to repair the damaged section of the Kabale-Kisoro road and make it motorable. The road section collapsed at Bwaara village on Thursday morning, resulting in heavy traffic on both …

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Lotteries and Gaming (Amendment) Bill, 2023 that will revise the existing tax of 20 per cent under the existing law to 30 per cent for a gaming activity. Clause 48(1) of the Lotteries and Gaming Act, 2016 states that ‘an …