Business

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority reports a surplus collection for the month of January 2023, giving hope of meeting the year’s target of 25 trillion Shillings. The 14-billion-shilling surplus has reduced the shortfall that was registered for the first half of the financial year 2022/2023 from 94.6 …

A booming startup ecosystem, industrial parks and port development are lifting Egypt’s investment attractiveness and global development rankings Cairo, Egypt | BIRD AGENCY |  Egypt has edged out Turkey from the list of the world’s top ten largest domestic logistics markets, a new Index shows. A vibrant and fast-growing start-up …

Addis Ababa, Ethiopia | Xinhua | Ethiopian Airlines, Ethiopia’s national flag carrier, announced that it has added the southern Chinese cities of Xiamen and Shenzhen to its cargo destinations. In a press statement issued late Friday, the airline said it has already started two weekly freighter flights connecting Xiamen with the Brazilian …

SPECIAL FEATURE | THE INDEPENDENT |  Why visit Uganda 2023/2024? Uganda is distinct – described by Winston Churchill as “The Pearl of Africa”, and indeed it is! Boasting of its remarkable beauty, abundant wildlife, birdlife, and spectacular landscapes characterized by the tallest mountain ranges with snowcap, the Source of the …

Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda has launched its Edusave loan contribution campaign as it seeks to ease the school fees burden faced by many parents across the country during the ongoing back-to-school season. Unveiled on Feb.09, the campaign’s goal is to provide parents and families with affordable, flexible, …

SPECIAL FEATURE | THE INDEPENDENT |  For many years, the Ugandan government has been grappling with rising cases of theft of medicines in public health facilities. To address this challenge, National Medical Stores (NMS), a government agency which delivers medicines and supplies up to the health facilities’ doorsteps across the country, …

Kampala, Uganda | THE INDEPENDENT | Officials from the Uganda Retirement Benefits Regulatory Authority (URBRA) have told Parliament that it is illegal for the National Social Security Fund (NSSF) to give out loans to different entities. Led by the URBRA Chief Executive Officer Martin Nsubuga, officials from the Authority on …

U.S. Mission Releases ‘Report to the Ugandan People’ 60th Anniversary Edition   Kampala, Uganda | THE INDEPENDENT |  The U.S. Mission on Wednesday marked 60 years of USA-Uganda development partnership by releasing a 60th anniversary edition of the ‘Report to the Ugandan People’.  This is the 6th consecutive annual report that …

Washington, US | Xinhua | U.S. President Joe Biden delivered his State of the Union address to Congress on Tuesday night amid a sour public mood. This is Biden’s second State of the Union speech since he took office in January 2021 and the first of its kind before a …

Big power consumers like Cipla, UBL, Metro Plastics, and National Water are to benefit from the new infrastructure  Kampala, Uganda | JULIUS BUSINGE | The Uganda Electricity Transmission Company Limited has commissioned the 120MVA, 132/33kV Luzira Industrial Park Substation which is expected to boost the supply of reliable power to consumers, …