Business

  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 …

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 …