Business

Kampala, Uganda | THE INDEPENDENT |  Centenary Bank has joined hands with Rotary Club towards the continued support of the humanitarian initiatives. This was announced at a press launch held at Kampala Serena Hotel where Rotary unveiled the official partners of the 98th Rotary District Conference. Speaking at the launch, …

Nabilatuk, Uganda | THE INDEPENDENT |  Farmers in Nabilatuk District have raised a concern about the high costs of hiring government tractors. Early this month, the Agriculture Ministry flagged the tractor-hire scheme in an effort to address the hunger crisis in the region. The leaders and the district’s technical officers …

Tokyo, Japan | Xinhua |   Japan’s benchmark Nikkei stock index rose for a fifth straight day on Thursday as hopes for the domestic retail sector lifted the market mood, although financial stocks dragged on continued concerns over a U.S. recession. The 225-issue Nikkei Stock Average gained 74.27 points, or 0.26 …

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Kaguta Museveni has directed the State House Anti-Corruption Unit (SHACU) to investigate irregularities in the allocation of lockups and stalls at Arua central Market. While addressing a public rally at the West Nile golf ground in Arua City on Wednesday, Museveni said …

Kampala, Uganda | THE INDEPENDENT | Parliament has recommended the establishment of an independent technical evaluation team for Isimba Hydro Power Project to ascertain its integrity. The House chaired by Deputy Speaker Thomas Tayebwa on Wednesday, 12 April 2023, adopted the report of the Committee on Environment and Natural Resources …

The Ministry of Finance, Planning, and Economic Development set a target of 25.555 trillion Shillings for URA for the 2022/2023 financial year Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) forecasts indicate it will register a shortfall of 365.13 billion Shillings this financial year. This is according to …

Kampala, Uganda | THE INDEPENDENT |  The National Environment Management Authority-NEMA has now extended its operations to enforce non littering laws in Uganda through having litter bins to all petrol stations. In a statement issued by the Berirega Akankwasah, the NEMA executive director, effective 1st May 2023, the authority will …

Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …

Juba, South Sudan | THE INDEPENDENT |  When the hackers seized the website of the central bank of South Sudan late last week, it was the reason that the hijackers gave that raised more concern about the country’s economy than the attack itself. The hackers, calling themselves “Anonymous South Sudan” …

Arua , Uganda | THE INDEPENDENT |  Residents of Arua City have booed Ruth Nankabirwa, the Minister of Energy and Mineral Development over the delayed connection of the West Nile region to the national grid. Speaking at a function on Tuesday to welcome the President at the start of his …