Business

OPINION | Julius Businge | In Uganda’s rapidly growing retail landscape, supermarkets like Carrefour, Quality Supermarket, Capital Shoppers, Fraine, and Mega Standard play a key role in promoting local businesses. Nakumatt, Uchumi, Tuskys (all Kenya-based), Game Stores, and Shoprite (South Africa-based) have in recent years quit the Ugandan market citing an unprofitable working …

  Equity Bank’s Managing Director off to Dubai to engage and serve customers Dubai, UAE | THE INDEPENDENT | Equity Bank Uganda will crown two weeks of close interaction with customers in Dubai with a visit Friday of their Managing Director Anthony Kituuka. Kituuka’s visit will start with a keynote address …

  COMMENT | Patricia Kishemeire |  The XVI BRICS October Kazan Declaration, underscores the emergence of new global power centers and a multipolar world order, offering significant opportunities for Uganda and Africa to reshape their global engagement. This shift represents a chance for African nations to reduce their dependence on traditional Western …

NEW YORK, the United States | Xinhua | Coca-Cola shares fell nearly 2 percent on Wednesday after the company reported weaker-than-expected third-quarter unit case volumes. The 2 percent decline in concentrate shipments, attributed to the timing of deliveries, led to an overall 1 percent year-over-year drop in unit case volumes. …

The country’s coffee export revenue has seen substantial growth, jumping from US$700 million in 2018 to US$1.4 billion in 2023 ANALYSIS | AGENCIES | Ethiopian Prime Minister, Abiy Ahmed has announced an impressive achievement of doubling Ethiopia’s annual coffee production from 500,000 tons to over 1 million tons within the last …

Kampala, Uganda | THE INDEPENDENT | On Friday, 18th October 2024, UAP Old Mutual Insurance received the prestigious resilience and sustainable impact award in the insurance category at the 3rd edition of the Corporate Governance Awards. The event, held at Sheraton Hotel, Kampala, was themed “Recognizing Resilience and Sustainable Impact.” Organized …

Climate change is impeding access to necessities: water, power, food, and education but these challenges also offer opportunities for those with an entrepreneurial mindset ANALYSIS | TONY O. ELUMELU | I am a proud Nigerian and a proud African. I am also a philanthropist and entrepreneur—and I have seen firsthand that …

Kampala, Uganda  | THE INDEPENDENT |  Vivo Energy Uganda, the company that distributes and markets Shell-branded fuels and lubricants in Uganda, has unveiled its ‘Simbula ne Rimula R3X’ campaign. This initiative is targeted at heavy-duty diesel-powered engine vehicles, including taxis, lorries, trucks, and buses with older engines. The campaign introduces …

Equity Bank and Confederation of Indian Industries launch the India-Uganda trade mission to boost bilateral trade and investment opportunities 🟥DAY 1⃣ 🇺🇬🇮🇳 ✳️ Kampala Serena Hotel • The India-Uganda Trade Mission is a pivotal step in enhancing bilateral trade and investment opportunities between Uganda and India. • Key sectors such …

BERLIN | Xinhua |  Dutch semiconductor equipment maker ASML lost up to 60 billion euros (65.25 billion U.S. dollars) after its shares plummeted over 20 percent in just two days this week, primarily due to lower-than-expected 2025 sales and bookings. The company is feeling the pinch of U.S.-induced geopolitical tensions, …