Business

Kampala, Uganda |  THE INDEPENDENT  |  The real estate sector lost 40 percent of their revenues in 2020 largely due to the effects of the Coronavirus (COVID-19) pandemic on the economy, as demand for the services plunged, according to property managers.  Almost all business activities were closed down by April last …

📌 NSSF amendment bill highlights ✳ To EXPAND social security coverage by providing for mandatory contribution of all workers regardless of the size of the enterprise or number of employees and also allowing voluntary contributions to the Fund ✳ To provide for midterm access to VOLUNTARY contributions ✳ To empower …

Kampala, Uganda | THE INDEPENDENT |  Uganda National Roads Authority (UNRA) has said like all sectors, the COVID-19 pandemic greatly affected their ability to achieve set targets. “Several of UNRA’s activities such as road construction were affected by the lockdown and partial lockdown during the period,” said Allen Kagina, the UNRA …

Bududa, Uganda |  THE INDEPENDENT  |  The prices of seeds have shot up in Bududa district as the planting season draws closer. The most affected are maize and bean seeds. A kilogram of untreated maize seeds now costs Shillings 1800 from Shillings 1200.   A sachet of 2 kilograms of treated maize …

This comes at the time construction activities are slow due to sluggish economic growth Kampala, Uganda | JULIUS BUSINGE | The construction sector seems to be picking up as coronavirus slows down, with the sector-players now rolling out new products to the market. Uganda Baati Limited, the maker of building …

Amuru, Uganda |  THE INDEPENDENT  |  Amuru district authorities plan to construct irrigation schemes and water dams along the banks of River Unyama to mitigate persistent flooding of Elegu Township along the Uganda-South Sudan border.     Elegu Town suffers devastating floods, which displaces hundreds of people whenever River Unyama bursts its …

Kampala, Uganda |  THE INDEPENDENT  |  Domestic Borrowing by the government is creating a class of lazy investors, according to the Uganda Debt Network-UDN. Domestic Borrowing is done through the issuance of securities like treasury bills, which are short term debt instruments with tenures ranging from 91, 182 and 364 days …

The government takes a huge chunk of revenues as taxes to reduce tobacco smoking Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has defied the effects of coronavirus pandemic to record a 27% surge in net profit to Shs19.9bn for the year ended December 2020. BATU will now …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda will appeal a High Court ruling delivered on Friday 12th February 2021 ordering it to pay  Sh400m in costs to Macdowel Food & Beverages. Stanbic Bank Uganda has contested the decision and has filed a Notice of Appeal to the Court …

Rukungiri, Uganda |  THE INDEPENDENT  |  Residents of Rubanga parish in Buyanja sub- county Rukungiri district have welcomed the rehabilitation and opening of the Rubanga – Buyanja Kebisoni road saying it has brought back life to them. The 10.5-kilometre road connects Buyanja sub-County to Kebisoni sub- County and will cost 10 …