Business

  Beijing, China | Xinhua | A Forum on China-Africa Cooperation (FOCAC) meeting to be held at the end of November is expected to produce plans for friendly China-Africa cooperation in the next phase, said a white paper released Friday. The white paper, titled “China and Africa in the New …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has rallied all concerned agencies in the energy sector with different government administrative and security structures to launch the biggest offensive ever on power theft and vandalism of transmission lines and distribution infrastructures which. The attack which …

Mbarara, Uganda | THE INDEPENDENT | The police in Mbarara have arrested a man for allegedly dealing in fake currencies. Godfrey Kazinda was arrested on Thursday and found with fake $46,200 and sh2.5 million. The Rwizi Region Police Spokesperson Samson Kasasira says Kazinda was arrested last year in December but …

Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …

296 Ugandan entrepreneurs are among the lucky beneficiaries | THE INDEPENDENT | Uganda’s 296 entrepreneurs will each receive US$5,000 non-refundable seed capital as part of the Tony Elumelu Foundation’s initiative to empower African entrepreneurs across the continent. The beneficiaries who include 212 female and 84 male are part of the …

Economic recovery could be negatively impacted but that will depend on how the government handles the situation, experts say | THE INDEPENDENT | Uganda’s economic recovery could backtrack due to the current terror threats and compounded Covid-19 hit, but experts believe, the government can still manage the situation. The country …

Johannesburg, South Africa | Xinhua | South African President Cyril Ramaphosa on Tuesday said it was time to elevate the country’s relations with Kenya into a “strategic partnership.” He made the remarks after holding bilateral talks with Kenyan President Uhuru Kenyatta at the Union Buildings in Pretoria on Tuesday. The …

Kampala, Uganda | THE INDEPENDENT | The Federation of Small and Medium Sized Enterprises – Uganda has asked the government to establish what it calls a ‘compensation fund’ to support businesses that get hit. Speaking to journalists on Nov.21 at the federation’s offices in Ntinda, Kampala, John Walugembe, the executive director, …

Jinja, Uganda | THE INDEPENDENT | Uganda National Roads Authority (UNRA) on Monday launched the Request for Proposal (RFP) and online procurement process for the Kampala-Jinja Expressway (KJE) Public-Private Partnership Project. The new expressway when done will address the existing Kampala-Jinja road inadequacy, which is a major bottleneck to transportation of …

  Kapchorwa, Uganda | THE INDEPENDENT | A local beverage firm, Endiro Coffee has partnered Lacam lodge to set up its 11th shop at the Sipi Falls in Kapchorwa District to boost the country’s coffee consumption. Statistics from the Uganda Investment Authority indicates that Uganda is Africa’s largest coffee exporter …