Business

Kampala, Uganda |  THE INDEPENDENT | The U.S. Mission to Uganda has extended additional aid worth USD 13.3 million (49.2 billion Shillings), to support activities in the refugee communities in the country. This assistance is a response to the joint United Nations appeal to address COVID-19 needs in Uganda.  The World …

Bank of Uganda should utilize its mandate to regulate spending during 2021 electoral processes COMMENT | Fred Kasalirwe | The recently concluded National Resistance Movement (NRM) primaries have seen massive monetization of the electoral processes with huge sums of money seen exchanging hands to influence voters’ decisions. If this is just …

The bank is targeting businesses that are hit hard by COVID-19 Kampala, Uganda | JULIUS BUSINGE | With the easing of the lockdown and slow recovery of the economy impacted by the Covid-19 pandemic, financial institutions are now looking at how to reboot businesses and put them back to their …

Kampala, Uganda | THE INDEPENDENT | Knowledge gaps and the high costs of doing business remain a major hindrance to Uganda’s economic growth as most business enterprises started in the country do not survive beyond their first birthday. Ronnie Mulongo, manager Private Sector Foundation Uganda (PSFU) says that some entrepreneurs lack …

Among winning projects is a community bee-keeping project in western Uganda Kampala, Uganda | RONALD MUSOKE | Frontline communities that live adjacent to Queen Elizabeth National Park are among the beneficiaries of a US$400,000 (Shs1.5bn) conservation grant meant to support wildlife-based tourism communities that have been devastated by the ongoing …

British American Tobacco Uganda, perhaps the country’s popular cigarette company on Sept.10, celebrated its 20th anniversary of its trading on the Uganda Securities Exchange. Kampala, Uganda | JULIUS BUSINGE | But the company has been in operation in the country for more than 90 years. Its share price has since …

The resources meant for debt payment should be channeled into strengthening health care, social protection and economic recovery Kampala, Uganda | ISAAC KHISA | As Ugandan government grapples with external debt repayment, leaving it with limited resources to fight the ravaging coronavirus pandemic and its related negative impacts, financial experts …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has started losing its strength against the US Dollar in a reverse trend that had seen the local currency remain strong during and after the lockdown period. In a trend that surprised observers, the shilling held steady when diaspora remittances, offshore …

Dar es Salaam | THE INDEPENDENT | President Yoweri Museveni is in Tanzania to sign an implementation agreement for the East Africa Crude Oil Pipeline (EACOP) project. He joined Tanzania President John Magufuli  at Chato, northern Tanzania, today to witness the signing of the host and implementation agreement. (video bottom) The …

Kampala, Uganda |  THE INDEPENDENT | The United Nations Development Programme (UNDP) has approved a new country programme for Uganda that will focus on promoting inclusive governance, inclusive and sustainable growth, sustainable management of natural resources and resilient development. The new Country Programme Document (CPD) for Uganda was approved by the …