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High business collapse trailing Uganda’s economy

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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