Business

Mbarara, Uganda | THE INDEPENDENT  |  Mbarara city council Authority has lost 600 million shillings for the financial year 2020/21 due to the delay to finalize the construction Central Market. The 21 billion Shilling construction of the Mbarara central Market started in February 2018 and was expected to be completed in …

Stanbic Bank to support customers and boost business with affordable loan offerings Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has today launched the ‘Now-Now loans’ campaign aimed at offering customers quick and affordable loans to overcome financial challenges in the wake of the Covid-19 pandemic. All Stanbic’s loan …

Kalangala, Uganda | THE INDEPENDENT  |  Palm Oil fruit farmers have resorted to harvesting immature fruits because of improved prices. The price of the Fresh Fruit Bunch-FFB increased to Shillings 700 from Shillings 400 in December last year. The price has increased further to Shillings 831 a kilogram. David Balironda, the …

Kampala, Uganda | THE INDEPENDENT  |  Ugandan exporters are crying over the business disruption caused by the exit of the United Kingdom from the European Union alias Brexit as they were coming to terms with the effects of Covid-19. The UK voted to leave the EU in 2016. While it officially …

Kampala, Uganda | THE INDEPENDENT  |  Ugandans do not know how to use expressways, and dual carriageway, implying that it will take a lot for the country to rip the benefits of the huge investment in such infrastructure projects. Several motorists drive from points where they are not supposed to, causing …

Kampala, Uganda | THE INDEPENDENT  |  Several Ugandans have continued to use the Virtual Private Networks (VPNs), since the government blocked access to the internet on January 13th before partly restoring it on January 18th.  On easing the conditions, mobile internet was still highly restricted and the use of VPNs came …

  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 …