The country’s investment promotion agency licensed 426 planned investment projects valued at Shs9.63tn in the FY 2023/24 Kampala, Uganda | JULIUS BUSINGE | The Uganda Investment Authority (UIA) is seeking Shs173.9billion for the Financial Year 2025/2026 to cover wage and non-wage expenditures, with the bulk of the money, Shs161.5billion in already …
Read More »Why you must understand ESG
OPINION | Micheal Bulyerali | There has been a lot of corporate buzz around the acronym ESG, which stands for Environmental, Social, and Governance. This framework guides institutions, communities, and individuals in creating sustainable value. But why should this matter to you as an individual? Why should we, beyond organizations and governments, …
Read More »Choosing the best car rental for your self-drive adventure in Rwanda
TOURISM TIPS | THE INDEPENDENT | Going on a safari in Rwanda offers you a unique chance to see wildlife in flesh. Whether you want to see the Big Five or want to witness the Great Migration, there is a choice for every traveler. A safari in Akagera or Volcanoes National Park …
Read More »Uganda Telecom, Lycamobile service quality fall as MTN, Airtel improve
Kampala, Uganda | THE INDEPENDENT | The latest data on mobile telecommunications services in Uganda shows a mixed picture regarding quality, both some providers improving and others declining. The country has four mobile network operators: Uganda Telecommunications Corporation Ltd (UTeL), MTN, Airtel, and Tangerine Communications Ltd (Lycamobile). The companies are given …
Read More »UBL threshers boosting farmers’ income
Lira, Uganda | THE INDEPENDENT | Sorghum farmers in the Lango sub-region are experiencing significant improvements in productivity and income thanks to threshers donated by Uganda Breweries Limited (UBL). During a recent engagement with UBL officials in Lira East, farmers expressed appreciation for the machines, noting that they have greatly reduced …
Read More »Vivo Energy awards school fees to customers in “Kigwera Ku Shell”
Kampala, Uganda | THE INDEPENDENT | Promotion Vivo Energy Uganda, the company behind the distribution and marketing of Shell-branded fuels and lubricants, has rewarded twenty loyal customers with school fees for their children. This was part of the “Kigwera Ku Shell” back-to-school promotion, aimed at easing the financial burden on parents …
Read More »Masaka Farmers Cooperatives tipped on $300M coffee export deal
Masaka, Uganda | THE INDEPENDENT | Coffee farmers in the greater Masaka sub-region have been tipped on a coffee export deal worth USD 300 million to the Maghreb region in North Africa. John Chrysostom Alintuma Nsambu, the Ugandan Ambassador to Algeria, revealed that the embassy has established a bilateral …
Read More »Uganda’s extractive sector: A transformative year ahead in 2025
Growth in oil, gas, and mining drives economic ambitions amid global and regional opportunities Kampala, Uganda | JULIUS BUSINGE | This year, Uganda’s extractive sector is on the cusp of significant growth and transformation, fueled by both regional and global dynamics. Spanning oil, gas, and mining, the sector is set to …
Read More »AUDIT REPORT: Sh1.5 billion of Parish Revolving Fund cannot be traced
Kampala, Uganda | THE INDEPENDENT | The Auditor General, Edward Akol has revealed that 212 Parish Development Model (PDM) SACCOS in 14 Local Governments cannot account for Parish Revolving Fund –PRF to the tune of sh1.544 billion received and withdrawn from their bank accounts. According to Akol, the amount had not …
Read More »AUDIT REPORT: Uganda’s external debt increases to shs54.3 trillion
KAMPALA, UGANDA | THE INDEPENDENT | The latest report by the Auditor General has indicated an increase in Uganda’s external debt by 2.2 percent, from 53.19 trillion to 54.37 trillion Shillings. According to Auditor General, Edward Akol, the increase is primarily driven by the borrowing from multilateral creditors, which has expanded …
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