Business

    Kampala, Uganda | THE INDEPENDENT | Many private vehicles hit the road in several parts of Kampala today, hours after the president’s announcement of the new lockdown measures banning private vehicles from moving took effect on Friday 2200 hours. On Friday, President Yoweri Museveni reinstated a full lockdown …

Addis Ababa, Ethiopia | XINHUA |  The Chinese-built 752.7-km-long Ethiopia-Djibouti standard gauge railway has transported a total of 3.45 million tons of import and export commodities and goods over the last three years, local media Fana Broadcasting Corporate (FBC) reported on Friday. The Ethiopia-Djibouti electrified railway which connects landlocked Ethiopia …

    Mukono, Uganda | THE INDEPENDENT | Special Investigations Division in Kireka alongside Criminal Investigations Directorate have released three suspects in the death of Wakiso land dealer, Samuel Musiitwa, who was a brother of slain Star FM journalist Robert Kagolo. Assistant Superintendent of Police- ASP Charles Twine, who also speaks …

Kampala, Uganda | THE INDEPENDENT | Uganda needs an export guarantee scheme for trade with Democratic Republic of Congo and South Sudan, according to the Uganda Manufacturers Association Executive Director, Daniel Birungi. Birungi made the remarks at the recently held post-budget virtual conference in Kampala sponsored by Absa Bank Uganda. Birungi’s …

Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …

The report says macroeconomic recovery and stimulus packages must be combined with measures that will spur a green, resilient, and inclusive growth Kampala, Uganda | THE INDEPENDENT | In Central Uganda, school children in Kisubi are learning about fish farming and integrated aquaculture, which help to reduce pressure on dwindling …

London, UK | XINHUA |  Britain has secured a free trade deal with Australia — the first major trade agreement negotiated from scratch since the former left the European Union (EU), the British government announced Tuesday. According to the tariff-free pact, British cars, Scotch whisky and confectionery would be cheaper …

Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …

IRA hopes that 2021 will be a better year compared with last year amidst the new wave of coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Enhanced distribution and sustainable growth in the uptake of medical and life insurance policies helped Uganda’s insurance industry to record a 9% growth in …

Human capital, security and governance take lion’s share of the 2021 national budget | THE INDEPENDENT | Uganda’s newly appointed State Minister for Planning Amos Lugolobi on June.10 unveiled the contents of the 2021/22 national budget to the public. Setting out the government’s tax and spending plans for the year …