Business

  Kampala, Uganda | THE INDEPENDENT | Yang Jiechi, Member of the Political Bureau of the Central Committee of the CPC and Director of the Office of the Foreign Affairs Commission of the CPC, has delivered to Uganda’s President Yoweri Museveni a message from China’s President Xi Jinping. The top China …

Kampala, Uganda | THE INDEPENDENT | The recovery of the Ugandan economy to the desired levels will depend on many factors, most of them beyond the country’s control according to experts and the private sector. These factors include the rebound in the export sector, the developments in oil sector, the universal …

Bududa, Uganda | THE INDEPENDENT  | Matooke traders in Bududa district are complaining about the falling prices of Matooke in the region of Bugisu.  The traders say previously the smallest bunch was Uganda shillings 10,000, but now it is down to 2000, while the biggest that cost  50,000 is now between …

Kampala, Uganda | THE INDEPENDENT  | Fruit vendors in Kampala are reaping big from the sale of pineapples. It is common to see vendors pushing wheelbarrows selling pineapples or some of the vendors carrying them in big numbers.   Hannington Abaasa, a resident of Kisalosalo zone in Kyebando, a suburb of Kampala …

  Addis Ababa, Ethiopia | Xinhua | The East Africa Community (EAC) economies have proven to be relatively resilient in terms of the catastrophic impact of the COVID-19 pandemic despite greater need for economic diversification, according to a newly launched United Nations Economic Commission for Africa (UNECA) report. The newly launched …

  Nairobi, Kenya | THE INDEPENDENT | A wetter than usual season is expected over most farming areas in the central and southern parts of the African region, while a drier than usual season is expected over north-eastern Ethiopia, experts from the Intergovernmental Authority on Development (IGAD) have announced. The season …

Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority (CMA) and the Uganda Manufacturers Association (UMA) have signed a Memorandum of Understanding to increase access to financing from the capital markets. The MoU will enable Uganda’s manufacturing sector to take advantage of customized training on various options for raising long-term …

Karamoja, Uganda |  THE INDEPENDENT  |  The artisanal miners in Karamoja region have increased the price of gold three times than before due to shortage of water. URN learnt that in December 2020, the miners were selling a a gram was sold at 70,000 shillings are currently charging as much as …

Kampala, Uganda | Isaac Khisa |  ShowMax, the Multichoice owned TV streaming service, will be charged half price to all DStv Access, Compact and Compact Plus customers when they add the streaming platform service to their DStv bill.  However, the company’s premium subscribers will access ShowMax free of charge, potentially providing customers with …

Kampala, Uganda |  THE INDEPENDENT  | A pineapple processing factory in Ntungamo district has halted its operation, just a year after it was commissioned.  The Shillings 1.4 billion fruits factory belonging to Nyakihanga Fruits and Vegetable Grower’s Cooperative Society suspended its operation at the beginning of February 2021.  Nathan Mutungi, the …