Business

COMMENT | NOELA BYUMA |  Small and Medium Enterprises (SMEs) play a critical role in economic development by creating employment and tax-generating avenues for the population and governments. They form both forward and backward linkages for manufacturing and services. Across the global south, the Small and Medium Enterprises hold most of …

Kampala, Uganda | THE INDEPENDENT | Contractors have been tipped on how to prepare and take up opportunities in the Oil and Gas sector. This was during the Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) CEO Breakfast meeting at Hotel Africana  under the theme Contractors Readiness to …

Kampala, Uganda | THE INDEPENDENT | Traders in Kampala are feeling the pinch of rising commodity prices. They reveal that their sales have been so low in the last two months, and indication the customers are also struggling. Some of the traders who spoke to Uganda Radio Network – URN …

Mbarara, Uganda | THE INDEPENDENT | The Minister of Local Government has directed the Mbarara City Clerk Asse Babireeba to interdict two officials, citing dubious allocations of Central Market Lockups. The officials who the minister wants interdicted are; James Agaba, the Principal City Commercial Officer, his assistant Donati Mutahi. The …

Nebbi, Uganda | THE INDEPENDENT | Local investors in West Nile are demanding that the government improves the poor state of roads if the sub region is to become a key investment hub. The Investors made the appeal in Nebbi district, during the first West Nile investment summit organized by …

Agago, Uganda | THE INDEPENDENT | Five traders of Patongo Town Council in Agago district have been hospitalized after they were electrocuted on Saturday. The Chairperson of Patongo Business Community George Oloya Gwogwok told Uganda Radio Network – URN that the incident occurred while the traders were traveling from Patongo …

Tashkent, Uzbekistan | Xinhua | Uzbekistan will partly privatize several state companies, including Uzbekneftegaz, Thermal Power Plants, Uzbekistan Airways and automaker UzAuto Motors, according to a presidential decree on Saturday. According to the document signed by Uzbek President Shavkat Mirziyoyev, the government will hire an experienced investment bank by May …

Budapest, Hungary | Xinhua | Payment in rubles for Russian gas is not a violation of European Union sanctions, Hungarian government spokesperson Zoltan Kovacs said on Saturday. “The EU so far has no common procurement of gas and oil for European countries. So as we speak, we still go by …

Johannesburg, South Africa | Xinhua | Bank of China Johannesburg branch and Johannesburg Stock Exchange (JSE) signed here Friday a memorandum of cooperation (MOU) in order to promote the China-Africa economic and trade cooperation. Chen Longjian, CEO of the Bank of China Johannesburg branch, commended the efforts of JSE to …

Kampala, Uganda | THE INDEPENDENT | The Court of Appeal has upheld the conviction of a former Finance and Administration Manager at a Health NGO African Centre for Global Health and Social Transformation (ACHEST). Patrick Odele had run to the Court of Appeal in 2017 after the Anti- Corruption court …