Dar es Salaam, Tanzania | Xinhua | More than 300 Tanzanian artisans are participating in the 22nd edition of the East African Community (EAC) Micro, Small and Medium Enterprises (MSMEs) Trade Fair that kicked off in the Ugandan capital Kampala on Dec. 8, a statement said Sunday. The statement by the Ministry of …
Read More »How the community should respond to the escalating commodity prices or constrained economy
COMMENT | MICHAEL JJINGO | What should we do? “The continuing spike in prices is bad for consumers, for our economy, and bad for all other businesses. It’s hurting us and costing us jobs” Jodi Rell. Apart from the Covid 19 lock down effects, Russia’s invasion of Ukraine hit the commodity …
Read More »New national electricity company mooted as umeme plans exit
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has commenced implementing Power Sector Reforms to enhance sector performance and provide affordable power to the people of Uganda. The changes will lead to the creation of the Uganda National Electricity Company Limited (UNECL) as a state-run entity …
Read More »Africa’s ‘over-the-top’ sports consumption
African football fans are keeping up with the World Cup 2022 games from their mobile devices on the back of rapid smartphone penetration, high-speed internet and increased VPN usage on the continent. Doha, Qatar | BIRD AGENCY | Sports content is being democratised in Africa with more bespoke over-the-top (OTT) …
Read More »Mpanga growers tea factory resumes full operations
Fort Portal, Uganda | THE INDEPENDENT | In 2017, the factory was sinking into debt and on the verge of closure. The factory had a debt of 6.4 billion shillings owed by several service providers including financial institutions. According to the factory’s annual report for 2021, the company made a loss …
Read More »Uganda joins international body to manage hydropower dam risks
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development in partnership with the Office of the Prime Minister on November 29, unveiled a committee dubbed Uganda National Committee on Large Dams (UCOLD) to deal with hydropower dam safety issues and curtail any calamities that may affect their operations. …
Read More »dfcu Bank to upgrade digital payment platforms
Kampala, Uganda | THE INDEPENDENT | dfcu Bank has partnered with CR2, a global-leading banking software company to upgrade its ATM, Card and Payments Management Platform. The partnership between dfcu and CR2 will build the Bank’s technological capability and will start by enhancing the customer experience across cards, ATMs, and payments. dfcu …
Read More »Government confirms end of Umeme contract
Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme’s contract will run its full course but will not be renewed by government in 2025. Fears that the Umeme concession would be terminated before 2025 have therefore been put to rest. Government is going ahead with plans to form its own company to …
Read More »URA urged to sensitise traders on new tax system
Kampala, Uganda | THE INDEPENDENT | Parliament calls for sensitization of traders before the full implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS). The House chaired by Deputy Speaker, Thomas Tayebwa on Wednesday, 07 December 2022 adopted the report of the Committee on Tourism, Trade and Industries recommending changes in …
Read More »MTN Uganda is committed to adopting sustainable business practices
COMMENT | Sylvia Mulinge | A few weeks ago, I had the opportunity of visiting one of our hybrid network sites located in Luweero district approximately 60km out of Kampala. This site, which early next year shall be converted to a 100% low carbon emission site, currently employs 40 solar panels …
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