Business

Kabale, Uganda | THE INDEPENDENT | A private guard from Accurate Security Company Limited is on the run after allegedly robbing Sh8 million from an Indian businessman he was guarding.   The suspect has been identified as Amos Ecidu. He is wanted for robbing Indian businessman, Shintole Nisnant at gunpoint in Makanga village, …

  Kampala, Uganda | THE INDEPENDENT | Uganda Vinci Coffee Company Limited has denied being handed a monopoly over the coffee business in the country. This is part of the company’s defense in a suit filed by Henry Byansi and Michael Aboneka before the High Court Civil Division in Kampala. …

Jinja, Uganda | THE INDEPENDENT | Kiira region police have arrested two suspected ringleaders of motorcycle theft in Jinja, Namutumba, Iganga, Luuka, and Bugiri districts. The suspects, who are in custody at Kakira central police station are Matiya Musana, a resident of Kinyolo village in Kakira town council, and Dennis Waiswa, …

Dar es Salaam, Tanzania | Xinhua | The East African business watchdog called for deliberate actions to bring down the cost of transport and logistics to ensure exports compete at domestic and international levels. In a statement issued late Thursday, the East African Business Council (EABC) said EAC transport costs are …

The euro has lost around 12 percent of its value against the dollar since the beginning of this year Rome, Italy | Xinhua | The euro and the U.S. dollar have broadly traded on par with each other this week after a steep devaluation for the euro which experts say will …

COMMENT | MATIA KASAIJA | It is ten years since the enactment of the Uganda Retirement Benefits Regulatory Authority (UBRBA) Act, 2011. It has been a decade of transformation for the retirement benefits sector. If anything, the last ten years have demonstrated the relevance and significance of a regulator for …

TotalEnergies EP Uganda Reinforces its Commitment to Sustainability Initiatives in Road Safety, Biodiversity & Cultural Heritage conservation in the Albertine Region   Kampala, Uganda | THE INDEPENDENT |   TotalEnergies EP Uganda has today reaffirmed its commitment to sustainable development initiatives through the signing of four agreements aimed at enhancing road safety, …

Frankfurt, Germany | Xinhua | The Euro on Wednesday briefly slipped below parity against the U.S. dollar in intraday trading after data released by the U.S. Department of Labor showed that the Consumer Price Index (CPI) surged 9.1 percent from a year ago in June. The exchange rate on Wednesday plunged …

Kampala, Uganda | THE INDEPENDENT | Since its establishment in 2014, the East African Pension Supervisors Association (EAPSA) has been promoting the pension agenda within the region focusing on mutual cooperation, information sharing, and capacity building among pension supervisory authorities. Key among the issues on the EAPSA agenda is the …

Kampala, Uganda | THE INDEPENDENT | Kampala City Trader’s Association-KACITA has called for the reduction of the Central Bank Rate-CBR, saying it has made borrowing from commercial banks very expensive. CBR is the rate that is used by the Central bank to implement or signal its monetary policy stance. It is …