Monday , December 23 2024
Home / Business (page 384)

Business

Business news

How recycling can help Uganda tackle unemployment, poor waste managment

March 18th was day world celebrated Global Recycling efforts  COMMENT | Hillary Turyatunga | The Global Recycling Day was started in 2018 by the Global Recycling Foundation to help recognize and celebrate the importance of recycling in preserving earth’s natural resources. It is celebrated on 18th March every year. This year’s virtual celebrations …

Read More »

Traders in Elegu demand Amuru leaders for modern market

Amuru, Uganda | THE INDEPENDENT | Traders in Elegu Town Council have asked Amuru District leaders to expedite the construction of a modern market facility at the Uganda-South Sudan border. The traders note that while they pay taxes to the Government, for over a decade they have operated in makeshift structures …

Read More »

Certified maize dealers named, others given June deadline

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has issued a list of 23 certified maize millers in a bid to protect the public from consuming substandard maize products. This comes amidst growing concern about the quality of maize and flour on the market. Recently, Kenya banned …

Read More »

UCC unable to license new TVs as signet runs out of space

Kampala, Uganda | THE INDEPENDENT | The delay to embark on Phase three of the Digital Terrestrial Television network has forced the Uganda Communications Commission to stop issuing licenses to new broadcasters. Uganda switched off analogue television in June 2015, in fulfilment of an international deadline and Signet, a company affiliated …

Read More »

Carrefour opens second store in Kampala

It plans to increase the number to five in the next 4-5 years Kampala, Uganda | JULIUS BUSINGE | Carrefour, owned and operated by Majid Al Futtaim has opened a second store in Uganda at Naalya, along the Northern Bypass, some 11kilometres out of Kampala city centre. Spanning over 2,050 …

Read More »

Uganda, Tanzania oil deal to be signed early April

Kampala, Uganda | THE INDEPENDENT | Then oil and gas development agreements between Uganda, Tanzania and the oil company, TOTAL SA are now set for April, following the death of John Pombe Magufuli, former president of Tanzania. “The launch of the Tilenga Development Project and the East African Oil Pipeline Project …

Read More »

Banks outstanding restructured loans falls to Shs4.8tn

Commodity, tourism dependent economies likely to remain vulnerable over the next 12-18 months | THE INDEPENDENT | Uganda’s commercial banks have recorded a sharp drop in the outstanding restructured loans from Shs7.7trillion in June to Shs4.8trillion in Dec, 2020, signaling improvement in the borrower’s ability to meet their loan obligations, …

Read More »

Umeme posts 70% profits fall due to Covid 19

  Kampala, Uganda | THE INDEPENDENT | Electricity Company Umeme Ltd has posted a net profit of 41.1 Billion Shillings from its 2020 operations. This is a decline of 69% from the 139.2 Billion Shillings it recorded in the year 2019.  The huge fall in the profits is largely attributed to …

Read More »

Uninstalled lights delay use of UGX25BN Moroto main market

  Moroto, Uganda |  THE INDEPENDENT | Moroto main market has continued lying idle even after its completion due to an  uninstalled solar lighting system and unfinished construction of a parking yard that has prevented the Municipal authorities from allowing traders to use the market. The construction of Moroto market commenced in …

Read More »