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 …
Read More »Queen Elizabeth Park communities to get share of Shs 1.5bn global conservation fund
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 …
Read More »BATU marks 20 years on stock market
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 …
Read More »Pressure mounts on lenders to cancel Uganda’s $8.5bn debt
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 …
Read More »Shilling depreciates as economic activity picks
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 …
Read More »Museveni in Tanzania
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 …
Read More »UNDP supports Uganda’s development programs
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 …
Read More »Government offers new incentives for domestic tourism
Kampala, Uganda | THE INDEPENDENT | Uganda Tourism Board launches a domestic tourism campaign dubbed ‘Take On The Pearl’, as part of promoting local tourism, but also get the sector ready when international borders reopen. On top of reduced fares for some services, the two-month campaign that starts next week will also …
Read More »Equity CEO wins coveted Oslo Business for Peace Award
Nairobi, Kenya | THE INDEPENDENT | Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings Plc and Executive Chairman Equity Group Foundation was on September 9 honored with the prestigious 2020 Oslo Business for Peace Award. “Dr. James Mwangi receives the Award for his business-worthy …
Read More »COVID-19 testing fee threatens Uganda’s regional grain market
Busia, Uganda | THE INDEPENDENT | The difficulty to access Uganda’s farm produce by regional traders that has been pushing grain prices down is being worsened by the newly instituted COVID-19 testing fee, raising the anxiety of traders who have been relying on customers from neighbouring countries. Drivers and other persons …
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