Business

Facility will rent space for servers and computing hardware to businesses Kampala, Uganda | RONALD MUSOKE | Raxio Data Centre has become the first tier-3 certified data centre in Uganda upon completing a thorough assessment and evaluation by British and American experts last month. This makes the Namanve-based facility the …

As African industrialisation progresses and Covid-19 impacts on long supply chains, the notion that African economies should produce more locally is gaining traction. Liam Taylor reports. Every time a foreign dignitary visits Cipla Quality Chemical Industries Limited (CiplaQCIL), they plant a tree. Visiting presidents show up so frequently that the grassy verge …

Lending to be directed to sectors crucial to socio-economic development including SMEs, trade, industry and agri-business Kampala, Uganda | JULIUS BUSINGE | Interest rates have risen over the past two quarters this year but commercial bank executives say current levels are still fair to both lenders and borrowers. The latest …

Buvuma, Uganda |  THE INDEPENDENT |  More than 20 residents in Buvuma have raised concerns after the National Oil Palm Project- NOPP started clearing their land without compensation. The residents are seeking government intervention to ensure that they are paid before the project starts.  Although NOPP plans to secure 6, 500 hectares …

  Ugandan micro, small and medium enterprises working within the petroleum sector have received US$ 500,000 (Shs 1.85bn) from the African Development Bank to boost their chances of partaking of the opportunities that will accrue during the construction of the East African Crude Oil Pipeline (EACOP) project. Kampala, Uganda | …

Kampala, Uganda |  THE INDEPENDENT |  More than one-third of the districts in Uganda did not have a compliant taxpayer last year, according to the latest list of compliant taxpayers issued by the Uganda Revenue Authority.   The list has 86 districts chosen from the 125 districts which were in existence five …

    Nairobi, Kenya | THE INDEPENDENT | Equity Group has reported giving out 30% more loans than the previous year, as it supports companies seeking new opportunities as they recover from the COVID-19 lockdown. This has been possible as customer deposits grew from Kshs478 billion ($4 billion) to Kshs 691 billion ($6.3billion), …

Firms want to cut into huge value of contracts which go to foreign firms Kampala, Uganda | ISAAC KHISA | Ugandan local firms have been losing out to international players in clinching big deals in the local market but this could soon be reversed if a new business model that …

Amuru, Uganda |  THE INDEPENDENT |  Over 10,000 Sugarcane growers in Amuru and Lamwo Districts have suspended planting of cane seedlings following persistent and excessive rains. The seedlings were supposed to be planted by the farmers between April through to October. However, since June to date, unprecedented rainfalls have caused overwhelming floods …

On Nov.10, Tullow Oil plc announced the completion of the sale of its assets in Uganda to French super major, Total. The US$ 575 million (Shs 2.15trillion) deal finally brought Tullow Oil’s 16-year involvement in Uganda’s oil project to an end. Kampala, Uganda | RONALD MUSOKE | When Tullow entered …