Business

Mbarara, Uganda | THE INDEPENDENT | A drastic decline in prices of Matooke has frustrated farmers from parts of Ankole, one of the biggest producers of Matooke both a cash and food crop. Matooke production has over the years transformed livelihoods across the region, with more people depending on the food …

What international money lenders fear most about 2021 Kampala, Uganda | THE INDEPENDENT | Increased government spending and borrowing as President Yoweri Museveni seeks re-election could destabilise the economy in FY2020/21. That is the view of the latest report by the international credit rating agency, Fitch. It is backed by …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has commissioned operations of seven small to medium manufacturing and assembly plants in Namanve Industrial Park. The factories are already providing over 2000 jobs to Ugandans and manufacture a wide range of Products from radios, TV’s, refrigerators to sanitary wear and …

Masaka, Uganda | THE INDEPENDENT | Local leaders and Boda Boda riders in Masaka have called for the immediate transfer of the District Police Commander Bosco Bakashaba and Officer in Charge of Nyendo-Ssenyange Division police station, Denis Kanakulya. It comes a few days after a Boda boda rider identified as Hussein …

Kampala, Uganda | THE INDEPENDENT | At least 14 people were arrested in a joint security operation during the takeover of Noor Mosque by Uganda Muslim Supreme Council-UMSC at William Street in Kampala Central Division on Sunday morning. The operation comprised officers from the Field Force Unit-FFU, Crime Intelligence –CI, …

Kampala, Uganda | THE INDEPENDENT | Sudhir Ruparelia and Meera Investments Limited’s lawyers have responded to a statement from Bank of Uganda that gave reasons why they intend to go to the Supreme Court after they lost a recent appeal. Uganda’s central bank is facing huge costs after losing court …

Masaka,  Uganda | THE INDEPENDENT |  There was jubilation and ululations at the Bukomansimbi district headquarters Thursday as old persons in the district received their first payments of the Social Assistance Grants for Empowerment (SAGE). The payments, issued by the Ministry of Gender, Labour and Social Development as a component …

  Kampala, Uganda | PROSSY NANSUBUGA | Members of Parliament have urged government to open arcades ‘as a preventive measure for COVID-19’ following a petition by KASITA traders. The Kampala traders warned that many of their members are now doing business on the streets, which exposes more people to danger. …

  Tororo, Uganda | THE INDEPENDENT | Tororo District Local Government has returned sh5.1 billion to the national treasury as unspent funds for the 2019/2020 financial year. The Public Finance Management Act 2015 section 17 (2) stipulates that a local government that does not spend money that was appropriated to …

Kampala, Uganda |  THE INDEPENDENT |  Uganda Communications Commission-UCC is examining Information and Technological-ICT structures under the Northern Corridor Integration Project so as to come up with a policy to facilitate and regulate online businesses. Initiated in 2014 by East African member states of Uganda, Kenya, Rwanda and South Sudan, the …