Business

MTN Uganda and Stanbic Bank are the only Ugandan-listed companies on the list in the region Kampala, Uganda | THE INDEPENDENT | Seventeen East African firms are among the list of the continent’s most valuable brands, with the Safaricom retaining the top spot amidst a decline in its overall ranking. The …

Kasese, Uganda | THE INDEPENDENT | Smuggling of goods through porous borders in Mpondwe, Kasese district is frustrating the efforts of the Uganda Revenue Authority (URA) to achieve its tax collection targets. Smuggling involves the supply, distribution, and sale of products on which applicable taxes in the country of consumption …

Kampala, Uganda | THE INDEPENDENT | Players in oil and gas have pleaded with the countries in the West not to starve Uganda and Africa of financing needed to get those resources out of the ground. The call has been sounded by the Energy and Mineral Development Minister, Ruth Nankabirwa, …

Kampala, Uganda | THE INDEPENDENT | The High Court has convicted six men for the murder of two South Sudanese nationals, Mohammed Abdallah and Ibrahim Bakhit, the former Manager of Juba City Hotel in Arua Park in Kampala Central Division. The convicts are Jacob Chothembo, a former employee of the private …

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 …