Business

Uganda Electricity Generation Company Limited has secured Shs2.7bn grant from Sweden’s Swedfund to conduct feasibility studies for floating solar development in the country. | THE INDEPENDENT | UEGCL Chief Executive Officer, Harrison Mutikanga and the Sweden Ambassador to Uganda Maria Hakanson signed memorandum of understanding in Kampala on Oct.12. “The …

 Uganda Securities Exchange CEO says number of investors could triple Kampala, Uganda | JULIUS BUSINGE | Executives at the Uganda Securities Exchange are optimistic about increased activity and shareholder numbers at the bourse as MTN Uganda’s listing takes shape. Paul Bwiso, chief executive officer said on the sidelines of the …

Ugandan government has in the past years faced harsh criticism over regular borrowings from China Import Export Bank to facilitate development of infrastructure projects including hydropower dams, roads and possibly soon the planned Standard Gauge Railway. But the Chinese loans have also had a fair share of positive aspects to …

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has started the process renaming and naming of 400 old and new roads and buildings within the city. Mbarara City has 330.19 kilometres of roads. Current roads have a diversity of names include Marknsighn, High-street, Mbaguta road, Independence road, Victor Bwana, …

Santiago, Chile | Xinhua |  Chile will ban sales of most internal combustion vehicles in support of electric vehicles starting in 2035, the Chilean government announced Friday as part of its National Electromobility Strategy. All sales of light and medium vehicles, public transit and large machinery, will be zero-emission vehicles …

Kasese, Uganda | THE INDEPENDENT | The fisheries directorate, Uganda People’s Defence Forces Fisheries Protection Unit-FPU and Uganda Revenue Authority-URA on Wednesday impounded  close to 20 tons of immature fish in  four trucks at Mpondwe border. The value of the impounded fish is yet to be determined. The trucks, destined for the …

Kampala, Uganda | THE INDEPENDENT | Proprietors of private schools have rejected a government offer for them to access loans from the Microfinance Support Centre. They say schools require a lot more money than the Microfinance Support Centre is able to offer and the interest rates offered are too high. Following …

  Kampala, Uganda | THE INDEPENDENT | The Constitutional Court two months ago delivered a judgement that stopped the military court from trying civilian suspects. The ruling deems it unconstitutional for civilians to be tried in the military court if they are not subject to the military system. The court …

    Kasenyi, DRC | THE INDEPENDENT | What connection can there be, between a normal smart mobile phone and an increase in quality and quantity of fish catch from a lake? Well, on the trans-boundary Lakes Edward and Albert, between D.R Congo and Uganda, the two are very closely …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has said that it has no money available for lump sum payments if parliament passes the NSSF Amendment Bill. NSS say payments can only be staggered. This was disclosed by the fund’s Managing Director Richard Byarugaba on Thursday …