London, United Kingdom | AFP | Bitcoin miners, whose computer processors enable the running of the world’s most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry. So-called halving is when cryptocurrency-mining companies and individuals find out the …
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Kampala, Uganda | THE INDEPENDENT | As a part of the Covid19 preventive measures, President, Yoweri Museveni banned social gatherings. The ban affected places like bars, night clubs and music concerts among others, which would gather many people and there increase the risk of corona virus infection. Although the ban is …
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Washington, United States | AFP | The IMF on Wednesday approved a sh1.8 trillion ($491.5 million) emergency loan for Uganda and another $739 million for Kenya as the countries deal with the coronavirus pandemic. Both face severe economic shocks amid efforts to contain the spread of COVID-19, the Washington-based crisis …
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Kampala, Uganda | THE INDEPENDENT | The business environment worsened in April with company owners not hoping for quick recovery anytime soon according to the April Purchase Managers Index (PMI). The survey which asks business managers about their operations said in a report for April that business activity came …
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Kampala, Uganda | JULIUS BUSINGE | As of April 01, Letshego Uganda rolled out a repayment holiday facility to its borrowers in response to the negative impact caused by the coronavirus pandemic. Officials said on May 05 that the repayment holiday involves giving a customer a three month moratorium- meaning …
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Kampala, Uganda | THE INDEPENDENT | Ugandan private sector agribusiness companies and service providers will benefit from grants totaling Sh8.4 billion offered by the Climate Resilient Agribusiness for Tomorrow (CRAFT) project for East Africa. CRAFT has co-invested EUR 2,061,445 in grants to 14 private sector companies working in the sunflower, …
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For this season Transformation for Rural development Limited (TRAFORD) will be supporting the farmers to plant soybean on at least one acre of land each bringing the total acreage to 1,250 Gulu, Uganda | THE INDEPENDENT | “As a private business working in agriculture, we cannot afford to fold our …
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Despite the challenges the industry faces now, it’s upon the players and stakeholders in the sector to keep reminding themselves of what the tourism sector is and has been for many years COMMENT | Lilly Ajarova | In my opening address at this year’s 5th Pearl of Africa Tourism Expo (POATE) …
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The bank’s net profit increased from US$275.9million in 2018 to US$315.3million last year Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank, has unveiled a US$3-million grant to complement continental efforts to combat the COVID-19 pandemic. The Bank’s President Prof. Benedict Oramah, who made the announcement in …
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In too many countries, transmission and distribution remain the responsibility of badly managed state utilities. Gridworks CEO Simon Hodson explains to David Thomas how his organisation plans to invest to make the sector commercially sustainable In the barren, rocky wasteland at the southern edge of Kenya’s remote Lake Turkana sit the whirring turbines …
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The Independent Uganda: You get the Truth we Pay the Price