Business

  The two new shareholders invests an additional US$9million in the company to support businesses | THE INDEPENDENT | On June 2, the Danish Investment Fund for Developing Countries (IFU) and the European Union (EU) were onboarded as new shareholders of aBi Finance Ltd. The EU will be investing $8.7m …

The COMESA Competition Commission working together with national competition authorities, has the central role to play | GRACE NSOMBA AND SIMON ROBERTS | Small and medium-scale farmers and agri-businesses in east and southern Africa are getting a raw deal. To succeed they need fair and integrated regional markets. Research by …

The West African country is the sixth country to visit Uganda to benchmark on SSC success | THE INDEPENDENT | The Sierra Leonean government has lauded Uganda and FAO for championing the South- South and Triangular Cooperation (SSTC) framework, through which Uganda has registered milestones in agricultural production. Following a …

Kampala, Uganda | THE INDEPENDENT | Deputy Speaker Thomas Tayebwa has interested Ugandans into investing in the stock markets, saying that this will facilitate the money multiplier effect while avoiding business losses. “There are people who are good at multiplying money. So, if I planned to have 60 percent of my savings …

✳ Oulanyah junior sworn in ✳ President starts by quoting the bible, Mathew 7 ‘house built on rock’ ✳ Uganda passes figure of $1036 for lower middle income status ✳ Uganda to import 600 solar powered water pumps in one year ✳ Uganda to continue efforts to process coffee locally ✳ Coffee, iron ore, oil will be …

The Central Bank Rate raised from 6.5 to 7.5% to tame inflation Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda has for the first time in the last two years raised the central bank rate by 1% percentage point to 7.5% to tame inflation, setting the pace for commercial …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament from the fishing communities have criticised the discriminatory issuance of artisanal licences to fishermen. While addressing the media at Parliament on Monday, 06 June 2022, the MPs accused the Ministry of Agriculture, Animal Industry and Fisheries of deliberately frustrating and denying Ugandans fishing …

Kampala, Uganda | THE INDEPENDENT | Small scale traders want government to reduce taxes levied on electronic transactions, so as to increase their usability at the grassroots. Speaking to URN on Monday, business owners said that cashless transactions quicken trade and are more desirable for both consumers and traders alike, however, …

Jinja, Uganda | THE INDEPENDENT | Busoga East police have recovered 666 bags of cement that were stolen from a driver at Musita trading center in Mayuge district. The cement was recovered from a warehouse in Idudi B ward in Idudi town council in Bugweri district. The warehouse owner fled …

Moroto, Uganda | THE INDEPENDENT | Local governments in Karamoja districts are losing revenue accruing from the transportation of mineral transportation as miners withdraw from the fields citing the insecurity in the region. Karamoja region has experienced unrest for the past few months following the escalation of ambushes and raids …