Busia, Uganda | THE INDEPENDENT | Business grounded to a halt at Busia Municipal council offices on Monday when more than 50 cloth traders held the mayor, Hassan Bwire Opio hostage for almost three hours demanding that the authorities allocate them lockups in the newly built Busia market. It came after …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts of the Coronavirus (COVID-19) pandemic on the economy. The Bank will also extend its financial …
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Local players think initiative could be late as oil companies are already publishing expression of interest for field services Kampala, Uganda | RONALD MUSOKE | Uganda has started implementing a Shs 1.85bn project seeking to build technical skills of local micro, small and medium enterprises eyeing businesses during the construction …
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Nebbi, Uganda | THE INDEPENDENT | Cotton Farmers in Parombo Sub County Nebbi district are bothered by the uncertainty about weather and prices for their produce this season. More than 2,000 cotton growers in the area had poor yields as a result of bad weather characterised by excessive rainfall. And, as …
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Like other businesses, the Prudential insurance group has had a tough year, but its Africa CEO Matt Lilley is optimistic about the company’s prospects on the continent. He spoke to African Business Magazine’s Desné Masie about the company’s strategy, the role of technology in digital inclusion and product innovation. Could …
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However, the financial services sector is not out of the woods yet Kampala, Uganda | JULIUS BUSINGE | Uganda has for the fourth consecutive year maintained the 10th position in the Absa Africa Financial Market Index 2020, signalling a stagnation in performance. The report, released by Absa Bank shows …
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Karamoja, Uganda | THE INDEPENDENT | The persistent drought and resurgence of cattle rustling have affected the livestock market in the Karamoja region. The price of an animal weighing 100-kilograms has fallen from one million Shillings in November 2020, to 600,000 Shillings today. The drop in animals prices in the region …
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WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Washington, US | THE INDEPENDENT | When she takes office on March 1, Dr Ngozi Okonjo-Iweala will become the first woman and the first African to …
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Gulu, Uganda | JULIUS BUSINGE | Power distributor, Umeme has embarked on stakeholder engagement meetings across the country, starting with Northern Uganda to explain the company’s planned projects aimed at improving power reliability in the communities. The Gulu meetings were held last week. The main objective of the meetings was to inform …
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Karamoja, Uganda | THE INDEPENDENT | The minister in charge of Karamoja Affairs, John Byabagambi has asked the ministry of energy and mineral to cancel all the mining licences issued to investors proposing to mine in Karamoja. He said most of the investors who got mining licences did not follow the …
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