Business

Experts warn of dire consequences for the private sector, government in relation to access to capital Kampala, Uganda | RONALD MUSOKE | Capital inflow in form of loans is big business in Uganda. In both the private and public sectors, loans secured from foreign investors boost service delivery, improve people’s …

Fort Portal, Uganda |  THE INDEPENDENT |   Fort Portal Tourism City authorities have allocated the green belt along Mugurusi road to Every Body’s Kitchen – EBK, a fast food company. There has been speculation from various people over the past week that the city authorities had sold the green belt to …

Busia, Uganda |  THE INDEPENDENT |  The COVID19 pandemic has delayed the completion of Busia Modern Market.  The Shillings 24 billion market construction that is being undertaken by Zhanghao-Zhongeng joint ventures  was expected to be completed by April 30th, 2020.     However, the project Engineer Enoch Luwabo says construction work …

Why our country continues to take more and more loans and what this means for the economy THE LAST WORD | ANDREW M. MWENDA | Uganda is at a crossroads. Early this year, government passed a budget of Shs32 trillion for the 2020/2021 Financial Year. It also projected to collect …

Museveni accused of switching sides Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest power project, the 600MW Karuma Hydropower Dam on River Nile, appears to be in trouble amidst allegations of shoddy works, breached contracts, verbal fights, and even accusations of sabotage. In the fight, the Chinese contractors, Sinohydro Corporation …

Kampala, Uganda |  THE INDEPENDENT |  More Ugandans could drift into poverty unless government comes up with measures to cushion those that have been rendered jobless as a result of COVID-19 pandemic. As the world marks observesthe International Day for the Eradication of Poverty, there are fears that poverty level …

Mukono, Uganda |  THE INDEPENDENT |   Researchers at the National Forestry Resources Research Institute-NaFRRI under the National Agricultural Research Organization-NARO have improved the micro garden system to support farming in urban areas. The researchers have now designed a vertical garden made out of wood, forming a rectangle with a number …

Nairobi, Kenya | Xinhua | Africa’s e-commerce platform Jumia is looking to increase partnerships with Chinese suppliers in order to boost its revenue streams, the company said on Thursday. Sam Chappatte, CEO of Jumia Kenya, told Xinhua in Nairobi that China is an efficient producer of goods and therefore many of …

Kampala, Uganda | THE INDEPENDENT |  The recent COVID-19 worldwide lockdown has not affected the building of Uganda Airlines’ two A330-800 planes ordered from Airbus. Despite a two month delay, one of the two Airbus planes is in the final stages of completion, with its manufacturers sharing a photograph of …

Kampala, Uganda |  THE INDEPENDENT |   Uganda should establish a prudent accounting system if the oil and gas resources are to benefit the country and its citizens. The call for transparency and accountability comes as the Petroleum Authority of Uganda commemorates five years.  The commemoration held virtually on Thursday under …