Business

Kampala, Uganda | THE INDEPENDENT | United Bank for Africa (UBA) Group plans to invest in women and youth initiatives across Africa to aid their growth. During the virtual celebration of Africa Day under the theme “Innovating the Continent for growth”, UBA Group Managing Director, Oliver Alawuba said the bank is …

Kampala, Uganda | THE INDEPENDENT | Carrefour, owned and operated by Majid Al Futtaim in Uganda has reduced its redemption threshold for its MyCLUB loyalty programme from 100,000 points to 10,000 points, enabling customers to enjoy their reward benefits sooner. In addition, MyCLUB members can gain access to exclusive MyCLUB discounts …

Kampala, Uganda | THE INDEPENDENT | SafeBoda, a ride-hailing platform has launched its Plus Boda Boda ride option on the SafeBoda app. The new service is designed to provide customers with a greater choice of affordable, high-quality transportation options, while also empowering SafeBoda’s driver community with better earning opportunities. With the …

EIB has supported  Eastern Africa Transport Corridor and Bujagali Hydroelectric Project Kampala, Uganda | RONALD MUSOKE | A delegation from the European Investment Bank (EIB) has concluded a week-long (May 22-26) visit of Uganda that saw the bank’s representatives and senior officials from the government of Uganda and the private sector …

Although it is a large crude oil producer, country has faced challenges supplying its citizens with refined oil products Lagos, Nigeria | AGENCIES | The world’s largest single train refinery was on May 22 commissioned in Nigeria. The $20 billion giant refinery was built by the Dangote Group which is owned …

Kampala, Uganda | THE INDEPENDENT | Simba Telecom has partnered with MiOne to unveil its new products including smartwatch phones, tablets, and accessories. Speaking during the launch at Simba Telecom headquarters on Kampala Road, Andy Chow, the MiOne General Manager said the variety of new MiOne phones & Black Arch TV …

Kampala, Uganda | THE INDEPENDENT | Private sector’s decision to join the government to host the second leg of the Uganda-South Africa Summit in Kampala planned later this year shows a changing narrative in the private sector space, as companies seek business deals and contribute to the country’s growth. The summit …

Gulu, Uganda | THE INDEPENDENT | A Ugandan registered company, H₂ Agro Uganda Limited has secured a government node to start a hydrogen industrial complex at the Karuma Hydropower Plant. The hydrogen park is expected to take advantage of the electricity produced at the dam to power a petrochemical industry …

COMMENT | CLEVER NICHOLAS | Debt has become an unavoidable part of modern life for many individuals, enterprises and households. Whether it’s student loans, credit card debt, or mortgages, managing debt has become a pressing concern. When managed well, it is a source of success, when mismanaged, the repercussions are …

An egg is sold between shillings 300 and 500 in Kampala but some suppliers in Bunyoro region want to sell an egg to the oil companies at between shillings 1,000 and 1,500 Kampala, Uganda | THE INDEPENDENT | Companies working to develop oil and gas in the Albertine region are …