Business

ANALYSIS | BAKER BATTE | On January 26 this year, President Yoweri Kaguta Museveni told a National Resistance Movement party gathering also attended by senior government officials gathered at Kololo Ceremonial grounds to mark 36 years ever since his party came to power, that Uganda will attain the lower middle-income …

Hoima, Uganda | THE INDEPENDENT | Insurance is a vital aspect of society and investors in Uganda’s Oil and gas sector will require some form of insurance against unforeseen risks. As the oil and gas sector shifts into the development stage, some are predicting that the insurance sector will emerge …

Kampala, Uganda | THE INDEPENDENT | The mood at Mulago’s causality ward was still tense by mid-morning on Saturday as relatives checked on the victims of Friday’s Nile Avenue taxi crash. The crash involving a taxi UAW 987Y along Nile avenue claimed two lives on spot and injured 10 others. Security …

Kakiri, Uganda | THE INDEPENDENT | Chinese investors operating different factories in Kakiri Town, Wakiso District have petitioned the Prime Minister Robinah Nabbanja to express their frustration with the erratic electricity supply in the area. Represented by Cai Jiashun, Zong Bo and Lin Yangbin, the investors early this week petitioned …

Kampala, Uganda | THE INDEPENDENT | Uganda National Bureaus of Standards UNBS has declared that all Kombucha products on the Ugandan market are alcoholic beverages, based on the process they go through. Kombucha beverage is produced by adding certain strains of a Symbiotic Culture of Bacteria and Yeast – SCOBY …

Kampala, Uganda | THE INDEPENDENT | Two years since Uganda joined the Extractives Industry Transparency Initiative (EITI) it is yet to meet one of the most critical provisions of the initiative, that is disclosure of details of Production Sharing Agreements. EITI is an international initiative aimed at enhancing transparency in …

Kampala, Uganda | THE INDEPENDENT | Uganda and some of its neighbours will have a hard time as a new World Bank report warns of a possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. The Global Economic Prospects Report predicts that Uganda …

Kampala, Uganda | THE INDEPENDENT | The value of mobile money transactions rose to 145.6 trillion shillings in the last six months ending March 2022. Relatedly, the value of internet and mobile banking transfers rose by 82.8% and 146.1% respectively. This comes amidst growing concerns from the public over the safety …

  Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has paid out a total of sh421 billion worth of midterm benefits to over 21,600 eligible members in less than 3 months, following commencement of payments in March this year. The payments are in respect to Section …

  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 …