Business

Kampala, Uganda | THE INDEPENDENT | The recent start of fuel transportation by the MT (Motor Tank) Kabaka Mutebi II along the Kisumu-Entebbe route is a potential disruption in the entire delivery chain, according to experts. The ship which is said to have the capacity to carry 4.5 million litres at …

Kampala, Uganda | ISAAC KHISA | Local telecommunication devices and airtime solutions provider Simba Telecom has confirmed plans to enhance its market presence and effectiveness by improving its retail distribution capacity. The Simba Group operating subsidiary, which is also integrated telecommunications firm MTN’s lead distribution partner, is investing about US$1,000,000 in …

San Francisco, USA | Xinhua | Amazon CEO Andy Jassy said Wednesday evening the company planned to eliminate over 18,000 people, thousands more than originally expected. Last November, the company said that the layoffs would affect about 10,000 people and that the job cuts would extend into the new year. In a …

Kampala, Uganda | THE INDEPENDENT | Global Credit Rating Co ltd (GCR) has assigned Uganda Development Bank Limited (‘UDB’) national scale issuer private ratings of AA+(UG)/A1+(UG.) This is a notch below the highest possible rating with the outlook accorded as ‘Stable’. At the same time, GCR has also assigned UDB an …

SPECIAL FEATURE | Planning to rent a car in Uganda 2023? Here are the nine essential Uganda car rental tips you need to know. Car rental services are amazingly the most comfortable way for guests on Uganda safaris to reach their destinations. With rental cars, travelers get value for their …

Kampala, Uganda |  THE INDEPENDENT | Uganda Revenue Authority-URA started the calendar year 2023 with explanations regarding the new plan for the taxation of the incomes of artistes in the entertainment industry. This is one of the revenue measures being put in place for the financial year 2023/2024 which begins in …

Kampala, Uganda | THE INDEPENDENT | E-wage payment system is a web-based application that facilitates single payment of casual workers via their mobile phones. The app emerged as the winner of the 2022 MTN MoMo Hackathon with the developers rewarded with US$5,000 to go ahead and implement the idea. 12 teams …

Kampala, Uganda | THE INDEPENDENT | The police have named victims of a stampede that left 10 people dead at the Freedom City mall, along the Kampala-Entebbe road on January 1, 2023. The deceased were part of a crowd that converged to usher in the New Year. Preliminary police findings …

Kampala, Uganda | THE INDEPENDENT | In recognition of an uncertain economic environment, Absa Bank Uganda has announced special financing packages intended to help customers kick start the new year on a stronger footing. The enhanced financing offering targeting salaried individuals includes a 2-month repayment holiday upfront, 0% arrangement fees …

Kigali, Rwanda | Michel Nkurunziza – NEW TIMES RWANDA|  Fish production in Rwanda slightly increased from 41,664 tonnes in 2021 to 43,560 tonnes in 2022, according to a report by the Ministry of Agriculture and Animal Resources. It shows that 4,000 tonnes of fish was produced from fish farming. Fishing activities are …