Business

Amuru, Uganda | THE INDEPENDENT | Truck drivers destined for South Sudan have parked their trucks at Elegu border town in Amuru district to protest armed attacks on their colleagues. This comes a few days after South Sudanese authorities handed over the bodies of four Ugandan drivers who were shot dead …

Nairobi, Kenya | THE INDEPENDENT | Kenya’s decision to re-open its market for Uganda’s produce mainly grain, has increased demand for other produce from the country, eventually leading to the increase in the price of other agricultural products. Prices of tomatoes, onions, carrots and green pepper have jumped up in Uganda …

Tanzania communications regulator TCRA suspends telecom firm’s new data charges Dar es Salaam, Tanzania | THE INDEPENDENT | New President Samia Suluhu Hassan’s government has suspended new internet data packages issued on Friday by telecommunication firms, saying they are expensive and need to be revised. The Tanzania Communications Regulatory Authority …

Cairo, Egypt | XINHUA | Egypt’s Suez Canal Authority (SCA) will seek over 1 billion U.S. dollars in compensation for the losses caused by the container ship Ever Given that was stuck in the waterway and blocking navigation for six days, SCA chairman Osama Rabie has said. The compensation for …

1️⃣ The Traffic and Road Safety Act (Amendment) Bill, 2021 2️⃣ The Fish (Amendment) Bill, 2021 3️⃣ Mining (Amendment) Bill, 2021 4️⃣ Tax Appeals Tribunal (Amendment) Bill, 2021 5️⃣ The Excise Duty (Amendment) Bill, 2021 6️⃣ External Trade (Amendment) Bill, 2021 7️⃣ Income Tax (Amendment) Bill 2021 8️⃣ Stamp Duty (Amendment) Bill, 2021 9️⃣ Tobacco Control (Amendment) Bill, …

Kampala, Uganda | THE INDEPENDENT | Police are hunting for an unidentified assailant behind the killing of the manager of Chilies Fast Foods and Takeaway Restaurant in Ntinda, a Kampala suburb. Luke Owoyesigyire, the Kampala Metropolitan Deputy Police spokesperson identifies the deceased as Isaac Mugga, who was attacked while balancing books …

Kampala, Uganda | THE INDEPENDENT | CNOOC Uganda Limited and Stanbic Business Incubator Limited (SBIL) have signed a Memorandum of Understanding (MoU) to facilitate a partnership and collaboration that will significantly contribute to the development and sustainability of national content in the oil and gas sector. Tony Otoa, the Chief Executive, …

Kampala, Uganda | THE INDEPENDENT | At least 300 or more people are seeking a certificate of good conduct daily from the National Central Bureau commonly known as Interpol –Uganda. Charles Birungi, the acting Director Interpol, says that on average they attend to 300 people mostly female seeking to be …

Kampala, Uganda | THE INDEPENDENT | The Education Ministry has been faulted for failing to kick-start a $25million World Bank funded project for four years despite the disbursement of funds. The five-year Albertine Region Sustainability Development Project III was designed to upgrade two technical Institutions; the Uganda Petroleum Institute Kigumba …

  ✳ Loans and advances grew by 27% from Sh2.8 trillion (2019) to Sh3.6 trillion (2020) ✳ Customer deposits increased by 16% from Sh4.7 trillion (2019) to Sh5.4 trillion (2020) ✳ Profit After Tax was Sh242 Billion (2020) down from Sh259 Billion (2019) largely due to the impact of Covid-19 Pandemic on client …