Business

Kampala, Uganda | THE INDEPENDENT | Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on. State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and after the construction of the refinery. The government of Uganda plans to …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has thrown his weight behind medium and small financial sector players demanding a one stop regulation centre, saying that multiple centres lead to confusion in which gullible Ugandans may be abused and exploited. The President whose message was delivered by the …

Busia, Uganda | THE INDEPENDENT | The East African Community (EAC) together with the governments of Kenya and Uganda are in the process of upgrading the Lwakhakha border post on the common border between the two Partner States into a One-Stop Border Post (OSBP) as part of efforts to reduce …

Kampala, Uganda | THE INDEPENDENT | State Minister for Energy, Okaasai Sidronius Opolot has tasked the new Board of Directors of the Petroleum Authority to ensure that Uganda begins oil flow by 2025. Okaasai Opolot made the call on Friday while presiding over the inauguration of the new PAU board that …

Luwero, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has destroyed 180 tons of smuggled goods The items that were destroyed at Luwero Industries include cosmetics, used underwear garments, beer, wines, and spirits, computers, and drugs, among others. “These items were confiscated and collected over some time, more than …

KAMPALA, Uganda | Xinhua | Uganda’s coffee exports have recorded the highest foreign exchange earnings in 30 years due to improved quantity and quality, a state regulator said Thursday. The country earned 1.14 billion U.S. dollars from coffee exports in fiscal year 2023/2024, up from 846 million dollars in the …

Michael Atingi-Ego confirms Bank of Uganda has joined “Shining Gold Rush” Kampala, Uganda | THE INDEPENDENT | When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been …

DP World plans to invest US$3 billion in expanding ports across Africa in the next 3 to 5 years – a response to the increasing global demand for Africa’s critical minerals. This surge in investment extends beyond ports, encompassing crucial railway infrastructure that links mines to ports. SPECIAL REPORT | …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni Thursday launched the Lake Victoria Logistics facility in Kawuku Bwerenga, a project to transport and store oil from the port of Kisumu to Entebbe using oil tanker ships. He said it would crucially help the country stop relying solely on road transport …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector continues to thrive despite higher utility, rent, material, and staff costs, according to the latest Stanbic Purchasing Managers’ Index (PMI). The PMI dipped from 54.1 in May to 51.9 in June, indicating continued growth but at a slower pace. “The private sector …