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City bus operators cheating commuters despite abandoning SOPs

Kampala, Uganda |  THE INDEPENDENT | Some bus operators within the Kampala suburbs are still charging high transport fares despite abandoning the Standard Operating Procedures-SOPs issued by the Health Ministry to halt the transmission of the coronavirus. The transport fares doubled after Ministry of health directed transporters to carry half of …

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Over 1,000 traders desert Busia charcoal market

Busia, Uganda |  THE INDEPENDENT | Over 1,000 traders have deserted the newly gazetted charcoal market in Sofia village, Eastern division of Busia Municipality. On August 16, 2020, Busia district authorities allocated 2.9-acres of land that was hosting Sofia Market to the Ministry of Health for the expansion of the Port …

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IMF projects China’s economy to grow by 7.9% this year

  Washington, US | XINHUA |  China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …

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Tony Elumelu Foundation 2021 TEF Entrepreneurship Programme Application Opens

Kampala, Uganda | THE INDEPENDENT | Africa’s philanthropist, Tony Elumelu Foundation, has opened its applications for a new entrepreneurship training. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising …

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Parliament approves loans worth UGX 18.6 trillion in 2020

Kampala, Uganda |  THE INDEPENDENT | Last year Parliament approved loans to the tune of 18.69 trillion Shillings, according to the report detailing the business transacted by the House in the year 2020.    The approved loans are up from the 6.15 trillion Shillings that legislators approved in 2019.  According to the …

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