Business

Kampala, Uganda | THE INDEPENDENT | The delayed maintenance of the Kampala-Jinja highway has irked lawmakers, who have now questioned the competence of Energo Projekt, a company contracted by government to undertake civil works. Parliament approved a budget of Shs82 billion for Uganda National Roads Authority (UNRA) to supervise maintenance of …

 Over 18,000 smallholder farmers to benefit from the digital loans Yumbe, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has partnered with Ensibuuko, European Union, United Nations Capital Development Fund (UNCDF), and Food and Agriculture Organization (FAO) to launched a Fintech solution dubbed AgriConnect to ease access to digital financing …

Kasese, Uganda | THE INDEPENDENT | The business community at the Mpondwe border post in Kasese District are continuing to decry the low fish business despite the construction of the multi billion Mpondwe market. The decline of the fish business is largely attributed to the continued operations of a competitive market …

Kampala, Uganda | THE INDEPENDENT | Online retail giant Amazon plans to cut another 9,000 jobs as it seeks to save costs, the BBC reported on March 22. The firm, which employs 1.5 million people worldwide, said the cuts would fall mainly in areas including cloud computing and advertising. It did …

Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited through its Fintech subsidiary FlyHub, has announced a five-year partnership with Refactory—a training academy that offers alternative industry-led skilling services for the technology sector. The partnership signed on March 22 at SUHL offices in Kampala will help equip local business leaders, …

Kampala, Uganda | ISAAC KHISA | A little more than five years ago, Small and Medium Enterprises had limited options to receive payments from customers and businesses. They relied on cash and sometimes on cheques or bank transfers, methods that were deemed inconvenient. But this has since changed, thanks to the …

Entebbe, Uganda | THE INDEPENDENT | Entebbe airport averaged 4,992 arrivals and departures per day in February as services indicate a steady recovery to pre-COVID times. Entebbe International Airport recorded 66,565 arrivals and 73,217 departures, a total of 139,782 passengers, which is an average of 4,992 per day in February …

Mbarara, Uganda | THE INDEPENDENT | Grape farmers in Mbarara are concerned that they are earning less from the crop due to the absence of an agronomist to offer expertise on the processes for growing and harvesting the crop. There are more than 200 grape farmers in Ibaare, Nyamatojo and Nyakayojo, …

  Jinja, Uganda | THE INDEPENDENT | Eskom Uganda has today handed back Nalubaale and Kiira Hydropower Plants to Uganda government. Eskom Uganda’s  20-year concessions to manage and operate the facilities have come to their natural end this month. The firm has managed the Nalubaale (Owen Falls Dam) and Kiira HPP …

Nairobi, Kenya | THE INDEPENDENT |  Equity Group, East and Central Africa’s largest financial institution, has enhanced  its position as one of the strongest banking brands globally by scoring highly, in the 2023 Brand Finance’s Brand Strength and Brand Value rankings. In its second consecutive appearance in the Brand Finance …