Business

Mentorship, access to finance and markets are on offer | THE INDEPENDENT | There are more opportunities that are being availed to small and medium enterprises as Uganda expects to have first oil in 2025. The Petroleum Authority of Uganda on Feb. 22 entered a partnership agreement with Stanbic Business …

Kingfisher project is expected to produce at least 40,000 barrels of oil per day in the initial stages Kampala, Uganda | ISAAC KHISA | A local construction firm, Excel will earn US$23.2 million in building well pads, 2.5km fence, access roads and water intake points in the Kingfisher oil development …

  Atlanta, USA | THE INDEPENDENT | The backcloth and the Ankole long-horned cattle have been showcased at the African Textile Museum in Stone Crest, Atlanta, Georgia as a part of Uganda’s cultural heritage. The event dubbed “Bark-cloth to the Roots”was organized by the Ugandan Embassy in Washington to put …

Masaka, Uganda | THE INDEPENDENT | Unidentified thugs have broken into the offices of Community Transformation Foundation Network-COTFONE, a Non-Government Organization that is helping persons affected by the East African Crude Oil Pipeline-EACOP project get compensation. Yisito Kayinga Muddu, the  Programs Coordinator of COTFONE says that the thieves went away …

The restoration of the plane will cost more than 3 billion U.S. dollars. Kiev, Ukraine | Xinhua | Russian forces have destroyed Ukraine’s flagman aircraft An-225 Mriya, the world’s biggest cargo plane, Ukraine’s state defense conglomerate Ukroboronprom said Sunday on Telegram. The aircraft was destroyed in an attack by Russian …

Kampala, Uganda | THE INDEPENDENT | The Uganda Veterinary Association (UVA) has asked government to give them a greater role in the regulation of veterinary drugs to help stop a flood of fake products in the country. They have demanded that government brings back the regulation of veterinary drugs to the Ministry …

Kampala, Uganda | RONALD MUSOKE | As the construction phase of the L. Albert Oil Development Project gathers pace, focus has now turned to how best local entrepreneurs in the agriculture and housing sectors can maximise opportunities the oil industry is attracting into Uganda.  Two studies were launched on Feb. …

BoU says 2022 economic outlook is more positive than earlier projected Kampala, Uganda | JULIUS BUSINGE | There is good news from Bank of Uganda indicating a big rebound in economic growth in 2021, meaning Ugandans got more money in their pockets to buy goods and services. In its monetary …

There is more of expanding markets than harmonization, experts say Kampala, Uganda | JULIUS BUSINGE | The East African member states have been urged to tangibly manage debt and harmonise tax regimes to support growth of the East African Community. Speaking at a dialogue, on Feb.11 held in Kampala, under …

Queen Elizabeth National Park sees new rise in local tourists Kasese, Uganda | THE INDEPENDENT | Queen Elizabeth National Park is reporting a surge in the number of domestic tourists since the lifting of the COVID-19 lockdown restrictions in Uganda. The sector was badly hit by both local and international …