Business

Kampala, Uganda | THE INDEPENDENT | The government has launched a new 210 billion-shilling financing initiative targeting large-scale farming activities in the country. The Financing Scheme for Private Large Scale Commercial Farmers is designed to overcome challenges encountered by farmers seeking financial. It intends to provide timely, affordable, and accessible financial …

  Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has destroyed contraband cigarettes valued at sh1.6 billion that were seized from smugglers. The destruction took place on Wednesday at Luwero Industries Limited in Nakasongola District. According to a press statement by Robert Kalumba, Assistant Commissioner for Public …

KAMPALA, UGANDA | THE INDEPENDENT | Efforts to streamline logistics for Ugandan traders have taken a significant step forward as stakeholders rally behind local marine cargo insurance implementation. Emmanuel Karugaba Neezha, CEO of DESLER LOGIS U LTD, Associate Partner at SIMBALAND CARGO HOLDINGS U LTD, and Vice Chairman of the Uganda …

Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling registered a slight depreciation against the US Dollar in November 2024 after registering consecutive gains in the previous two months. A stable Shilling against currencies of major trading partners like Kenya, the USA, Europe, UK is vital for the certainty of commodity …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector remains resilient with the Stanbic Purchasing Managers’ Index (PMI) for November climbing to 55.7, up from 52.9 in October. This marks the eighth consecutive month of expansion, as readings above 50.0 signify positive business conditions. Christopher Legilisho, Economist at Stanbic Bank, described …

Kampala, Uganda | THE INDEPENDENT | RUBiS Energy Uganda has introduced RUBiS Gas, a new initiative aimed at providing Ugandans with a safe, efficient, and environmentally friendly cooking solution. This launch marks a significant step in promoting clean energy use across the country. Speaking at the launch, Olivier Gatera, Country Manager …

Kampala, Uganda | THE INDEPENDENT | Oryx Energies has announced the launch of its newest fuel brand called EVERMAX in Uganda. EVERMAX is now available across all Oryx Energies retail stations in Uganda in both petrol and diesel versions, each of them providing valuable benefits. According to officials of Oryx …

Opaqueness surrounding Uganda’s gold data has not only frustrated UGEITI but also other government agencies like UBOS and URA NEWS ANALYSIS | RONALD MUSOKE |  Where does Uganda source the millions of dollars’ worth of gold it exports annually? This question often dominates discussions involving artisanal miners, gold traders, government officials, …

Kampala, Uganda | THE INDEPENDENT | On December 13, 2024, the European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has named Mumba Kenneth Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, following regulatory approvals. Mumba, who succeeds Anne Juuko, brings nearly 30 years of professional experience, including over 20 years in senior roles across the banking sector in …