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Making money after COVID-19 pandemic

Knight Frank’s virtual meeting gives ideas to business operators Kampala, Uganda | JULIUS BUSINGE | There is life after COVID-19. Business owners should think about adjusting their mode of operations to serve their clients better if they are survive. These are general views that came up during a discussion about …

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2019: Bad year for Uganda Clays

Company executives explain cause of Shs88million loss Kampala, Uganda | JULIUS BUSINGE | Uganda Clays Limited, a clay building materials manufacturer has recorded Shs88million loss for the year 2019 as opposed to the net profit of Shs1.9bn in 2018. According to the company’s financial statements released on July 17, total …

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Market operators protest against street vendors in Jinja

Jinja, Uganda |  THE INDEPENDENT |  Traders from Jinja Central Market are demonstrating against the presence of street vendors outside the market.  The traders say that they no longer receive clients as customers prefer to purchase items outside the market. They also accuse Jinja city authorities of failing to block operations …

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Kenyan firm to buy orient bank Uganda

Kampala, Uganda |  THE INDEPENDENT |  I&M Holdings Limited, the owners of I&M Bank Kenya, have announced that they have reached an agreement to buy 90 per cent of Orient Bank Limited Uganda. According to a letter to shareholders, I&M Holdings announces that; “I&M Holdings Plc agreed with shareholders of Orient …

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Delayed implementation of sugar act bothers manufacturers

Jinja, Uganda |  THE INDEPENDENT |  The Uganda Sugar Manufacturers’ Association is displeased over delays in implementation of the recently enacted sugar act. The act was signed by the President in April, after four years of push and pull between the executive and the legislature.   The Sugar Act seeks to provide …

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Resumption of commuter train services delayed further

Kampala, Uganda |  THE INDEPENDENT |  The  Uganda Railways Corporation (URC) has said the passenger train services will probably resume in early September as the entity establishes standard operating procedures. Since it halted operations in March this year, the Corporation said that it was still studying the possibility of resuming operations …

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