Business

But players expect recovery due to easing of COVID-19 lockdown measures Kampala, Uganda | JULIUS BUSINGE | Business captains are optimistic that activity will rebound once lockdown restrictions are lifted by government, according to the July Purchasing Managers’ Index (PMI). Experts expect opportunities in form of new jobs and economic …

Stanbic Bank has just held its annual financial market event that brings together its clients and investors to share views on trends and outlook on financial markets, foreign exchange and interest rates. The media had an interaction with the Head of Trading at Stanbic Bank Ronald Muyanja and he shares …

The new appointment comes at the time the drug maker’s share price has fallen below the IPO price Kampala, Uganda | ISAAC KHISA | Cipla Quality Chemicals Ltd, the producer of human drugs including anti-malarial and anti-retroviral is now set to receive a new managing director, Ajay Kumar Pal to …

Company to focus on investing in technology and digital solutions to enhance customer experience Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Limited (SHUL) has demonstrated business resilience, weathering effects of the coronavirus pandemic to post an impressive 21.5% growth in profit after tax to Shs154.9bn for the first …

  Aviation | AIRSPACE AFRICA | As surely as her aircraft took to the sky, East African Airways rode the winds of change to carry with it a Pan-African tale. A story which, in its unfolding, not only mirrored but also fell casualty to an equally volatile political climate. The British …

Kampala, Uganda | THE INDEPENDENT | Uganda Railways Cooperation (URC) has resumed passenger train services after closing them during the recent 42-day lockdown. While announcing the lockdown in June, President Yoweri Museveni suspended both private and public transport as a measure to contain the second wave of COVID-19. On July 30, …

Busia, Uganda | THE INDEPENDENT | Up to 2400 Ugandans trafficked to Gulf countries last year are loitering the streets there without jobs, Uganda’s Ambassador to the United Arabs Emirates (UAE)  has revealed. Ambassador Zaake Kibedi said that most of the affected are females who were trafficked to countries like …

Kampala, Uganda | THE INDEPENDENT | Several private schools are worried about the increasing departure of foreign students because of the prolonged closure of schools resulting from the COVID-19 pandemic. Unlike in Uganda where schools are still closed because of the second wave of COVID-19, schools in Kenya, Tanzania, South …

Kampala, Uganda | THE INDEPENDENT | Leaders of various Boda Boda stages have accused police personnel attached to Police Posts in Kampala City of working with robbers operating on motorcycles. The accusations were made in an open meeting between Police officials and Boda Boda leaders. This follows several incidents where …

  Kampala, Uganda | THE INDEPENDENT | The government has asked over 70 arcades in Kampala to remain closed until they fulfill Standard Operating Procedures (SOPs) aimed at stopping the spread of COVID-19. While lifting the 42 days lockdown that was instituted to contain the second wave of COVID-19,  President …