High costs involved in provision of other services such as water, roads and electricity have been cited as the main hindrances for provision of low cost housing Kampala, Uganda | THE INDEPENDENT | National Housing and Construction Company Limited, Stanbic Properties Limited, and Stanbic Bank Uganda Limited have entered a …
Read More »Not yet time for Uganda’s lower-middle-income status
World Bank urges a more gender inclusive recovery at latest economic update Kampala, Uganda | ISAAC KHISA | Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, …
Read More »New chairman Uganda Manufacturers Association outlines his priorities
Kampala, Uganda | THE INDEPENDENT | Deo Kayemba, the managing director for East African Roofing Systems Limited has elected the new Chairman for Uganda Manufacturers Association. Barbara Mulwana from Mulwana Group of Companies handed over the tools of office after members electing Kayemba at UMA headquarters in Kampala during the …
Read More »International Atomic Energy Agency endorses Uganda’s nuclear power plans
Kampala, Uganda | THE INDEPENDENT | The International Atomic Energy Agency – IAEA has endorsed Uganda’s nuclear energy power plant development following a successful review of the country’s nuclear infrastructure. This follows the successful accomplishment of the milestone phase one approach required by the Agency for the development of …
Read More »MTN explains under-subscription as share price shoots up
Kampala, Uganda | THE INDEPENDENT | MTN Uganda share prices gained on the first day of trading on the Uganda Securities Exchange, from the Initial Public Offer price of 200 shillings per share. The shares traded at an average sh205 per share, which was a gain of 2.5% from …
Read More »Uganda on world map of sustainable finance
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged financial institutions operating in Uganda to align their business strategies with the development needs of the country and with the well-being of its people. He emphasized that the financial sector is key to sustainable economic development through mobilization …
Read More »Bus operators fail to enforce new transport fares
Kampala, Uganda | THE INDEPENDENT | Bus operators in Kampala on Thursday did not hike the charges they have proposed for passengers traveling to different destinations across the country. The operators through their umbrella body, the Uganda Bus Owners Association – UBOA announced a raise in the transport fares on …
Read More »Railway land: IGG to probe MP Rukaari
Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government – IG has given Mbarara City North legislator Robert Mwesigwa Rukaari up to December 6, 2021, to submit relevant documents regarding Uganda Railway Corporation land transactions at Nsambya. Rukaari is one of the beneficiaries of the 57 acres of …
Read More »Vivo energy unveils festive season rewards campaign for customers
Kampala, Uganda | THE INDPENDENT | As the country gears up for the festive season, Vivo Energy Uganda customers will be delighted to learn that over half a billion shillings worth in prizes, shopping experiences and car service are up for grabs. This all from the distributor and marketer of Shell …
Read More »EMYOOGA: Each constituency to receive additional sh360M
Masaka, Uganda | THE INDEPENDENT | Minister of State for Finance, Planning and Economic Development in charge of Microfinance Hajj Haruna Kasolo Kyeyune has announced an additional sh360 million to be injected into the program in each constituency, with each well-performing SACCO set to receive 20 million. The additional seed …
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