Business

Kampala, Uganda | PATRICIA AKANKWATSA | As Uganda continues to experience economic growth, the need for reliable and efficient logistics has become more apparent. Many businesses have struggled to meet this demand, which has limited their ability to expand and reach new markets. According to the World Bank, Uganda’s economy grew …

Kabale, Uganda | THE INDEPENDENT | A section of locals and stakeholders in Kigezi region are demanding that Henry Ariganyira Musasizi, State minister of Finance for general duties withdraws and apologises for his statement about the creation of Kabale City. On February 12, 2022, while at his thanksgiving ceremony at …

Invited contractors’ representatives present questionable IDs Kampala, Uganda | THE INDEPENDENT | Chaos engulfed a Kampala Capital City Authority-KCCA Council meeting at City Hall on Thursday after invited road construction contractors presented documents that couldn’t clearly identify them. Council Speaker Zahra Luyirika had invited contractors of the roads to be …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has warned residents of Buyende District to desist from hurried sale of their land to speculators who are targeting securing it before the sh34 trillion nuclear energy power plant project set for 2031 is built. Government identified …

Kisoro, Uganda | THE INDEPENDENT | Kisoro district authorities have protested the prolonged detention of Ugandan Valence Kibyeye, a  prominent fabrics dealer in Rwanda. They have asked President Paul Kagame to intervene. According to Kisoro authorities, Kibyeye, who deals in African Fabrics alias “Bitenge” was arrested and detained in Rwanda about two …

Private credit and infrastructure investments across African markets rose 118% to record levels in 2021, as borrowers looked beyond domestic risk averse banks Kampala, Uganda | THE INDEPENDENT | Private equity has dominated Africa’s investment landscape for decades, popularised by huge venture capital (VC) deals in the continent’s ever-expanding tech sector. But …

Nairobi, Kenya | THE INDEPENDENT | Uganda’s milk export figures are likely to suffer a new dent after Kenya suspended imports of powdered milk. In a notice dated March 6 to all milk importers in Kenya, the Kenya Dairy Board, KDB, said it was moving to protect local farmers from …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA Council has unanimously resolved to halt the issuance of contracts to casual workers for cleaning the city. The decision was reached in the KCCA council meeting chaired by Deputy Speaker Nasur Masaba on Tuesday following a resolution presented by the Lord …

Amuru, Uganda | THE INDEPENDENT | Amuru district authorities have impounded over 1,000 bags of charcoal in the latest crackdown on illegal commercial production and transportation of charcoal. The bags were impounded between Friday last week and Monday at Akuru Kwe Village in Lamogi Sub-county and Otwe Town Council. The …

Kampala, Uganda | THE INDEPENDENT | Bodaboda operators in Uganda have faulted the insurance industry for not taking care of their challenges to the extent that they see insurance as a money-making venture for the companies. They specifically question why they are forced to pay for third-party insurance yet when they …