Business

Entebbe, Uganda | THE INDEPENDENT | The government collected Sh2.5 billion in the first month of tolling Kampala-Entebbe expressway, says the Uganda National Roads Authority (UNRA). The tolling exercise commenced on January 8, 2022. Allan Ssempebwa, a communications officer at UNRA, says the shillings 2.5 billion was collected within one …

Kampala, Uganda | THE INDEPENDENT | More than 90 percent of Ugandans who hold a bank account do not keep more than sh1 million at any one time on their accounts, an indication of the low savings levels in the country. There are an estimated 14 million bank accounts in …

Kampala, Uganda | THE INDEPENDENT | The MV Pamba ferry that has been grounded for the last 16 years has resumed operations on Lake Victoria. MV Pamba has been grounded at Port bell since 2005. The vessel was instituted in 1959 together with MV Kabaleega and MV Kaawa to boost business across East …

  Kinshasa, Uganda | THE INDEPENDENT | The Government of Uganda represented by the Embassy of Uganda in Kinshasa – Democratic Republic of Congo (DRC) together with the DRC – Uganda Business Association (DUBA) represented by KTA Advocates intend to hold the 2nd Joint Business Forum in Kinshasa from the …

Kampala, Uganda | THE INDEPENDENT | SEACOM, the pan-African telecommunications service provider, today announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is a testament to the company’s commitment to providing, competitive end-to-end connectivity and ICT solutions across the …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has given Janet Kobusingye, the proprietor of Mestil Hotel and Residences up to Monday 14 February next week to present relevant documents to prove ownership of the land where the hotel was constructed. The …

Jerusalem, Israel | Xinhua | Israel’s Ministry of Transport and Road Safety announced on Wednesday the country’s first certification for unmanned aircraft vehicles (UAVs) to operate in civilian airspace. The certification was issued by the Israeli Civil Aviation Authority (CAA) to the Hermes Starliner unmanned system, which was developed and …

Kampala, Uganda | THE INDEPENDENT | Deputy Bank of Uganda Governor Dr. Michael Atingi-Ego has been named among the high-level panelists to headline Stanbic Bank’s annual Economic Outlook Forum slated for tomorrow at Kampala Serena Hotel. Held annually, this year’s forum will run under the theme “Uganda- A Tale of resilience …

The country hopes to earn US$1.862billion next financial year Kampala, Uganda | THE INDEPENDENT | Uganda Tourism Board has launched a six-month promotion campaign to further market destination Uganda to increase sector receipts as the world emerges from COVID-19 restrictions. UTB Chief Executive Officer, Lilly Ajarova, said on Jan.15 that the …

Brussels, Belgium | Xinhua | Weaker economic activity in the Eurozone during the first months of the year will give way to a rebound in the second quarter as the Omicron variant proves milder and governments become wary of imposing strict restrictions, said a Dutch banking company expert. However, higher inflation, …