Business

Former Uganda telecom Limited officially metamorphoses into UTCL, all staff to be retained Kampala, Uganda | THE INDEPENDENT | On Nov.18, Uganda telecom Limited ceased to exist officially as the old administration handed over the assets and businesses to the newly formed Uganda Telecommunications Corporation Limited (UTCL) in the presence …

Kampala, Uganda | THE INDEPENDENT |  The United Bank of Africa Group Chief Executive Officer Oliver Alawuba has described Uganda as one of the most dynamic and transformative market that the lender continues to support. Speaking to journbalists on Nov.18, Alawuba said, “Many companies are now laser-focused on transformation – …

  Kampala, Uganda | THE INDEPENDENT | CFAO Uganda, an automotive company in Uganda has unveiled two vehicles – Toyota Belta and Toyota Rumion suited for small and medium enterprises looking to go about their daily activities. Unveiled on Nov.19 in Kampala, the new vehicles will be promoted through a …

Kampala, Uganda | THE INDEPENDENT | Uganda’s top business leaders have today issued a statement in full support of Uganda’s Lake Albert Oil and Gas Development project. “We give our unreserved and wholehearted, support for the responsible development of the natural resources Uganda is endowed with, including the associated construction of …

Kampala, Uganda | THE INDEPENDENT | Gertrude Nalule, a mother of five with two other dependents has this Monday been released from prison, close to two months after she was jailed for failure to pay a date of 2.88 million Shillings. Additionally, she has been on the verge of losing …

Tororo, Uganda | THE INDEPENDENT | Using the modern Regional Electronic Cargo Tracking System (RECTS), the Uganda Revenue Authority’s security team on Friday rescued a fuel truck that had been hijacked by robbers. According to a statement from URA, their Mbale enforcement team foiled the robbery of the fuel truck that …

Entebbe, Uganda | THE INDEPENDENT | Yuti Breweriies Ltd under their flagship beverage brand Yura Beer, have signed an agreement with Uganda Wildlife Education Centre (UWEC) that gives them the naming rights for the white tiger in the Entebbe zoo. They have officially named him YURA. Following financial hardships caused …

  Kampala, Uganda | THE INDEPENDENT |  Equity Bank Uganda Limited has announced the appointment of Anthony Kituuka as the new Managing Director with immediate effect. The announcement, which was made by the Board of Directors, follows the promotion of Samuel Kirubi who was the Managing Director to the position …

Kampala, Uganda | Xinhua | Ninety eight percent of Ugandan goods will, starting Dec. 1, access the Chinese market at zero tariff, officials said here Friday. Speaking at the public unveiling of the Special Preferential Tariff Treatment of Ugandan Exports to China, Zhang Lizhong, Chinese Ambassador to Uganda, said the expansion follows …

Chinese expert team prepares to deploy for Phase III of FAO-supported initiative Kampala, Uganda | THE INDEPENDENT  | A highly successful South-South Cooperation (SSC) project between China and Uganda, supported by the Food and Agriculture Organization of the United Nations (FAO), moved towards its latest stage this week as a Chinese …