Business

Kampala, Uganda | THE INDEPENDENT | Small and Medium size businesses in agro processing have been advised to focus on products such as Hibiscus that have a competitive advantage because of their health benefits to an increasingly sedentary population. Speaking at the launch of Hibiscus Tea Bags processed by Rena Industries, …

Kampala, Uganda | THE INDEPENDENT | There are great expectations among the citizens and investors from the development of an oil refinery in Uganda. It is predicted to boost the region’s refining capacity and ensure a consistent supply of petroleum products. President Museveni says the investment in a refinery will improve …

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 …

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 …

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 …

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) …

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 …

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. …

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 …

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 …