Business

    Kampala, Uganda | THE INDEPENDENT | Police have impounded over 200 motorcycles and arrested their riders in Kampala Metropolitan areas for violating presidential directives stopping them from carrying passengers as part of the Coronavirus Disease (COVID-19) preventive measures. The Kampala Metropolitan Police Spokesperson, Patrick Onyango, says most of …

Nevin Bradford has been the Chief Executive Officer for Cipla Quality Chemical Ltd since November 2013. The Independent’s Julius Businge interviewed him about their COVID-19 experience and general company operations.  What has been your general business experience since March 2020 when the government of Uganda joined the rest of the …

Arua, Uganda | THE INDEPENDENT | The Ministry of Health has lifted the ban on public transport in Arua. In a letter dated July 10 addressed to the Resident City Commissioner Arua Nahori Oya and also the chairperson Arua district COVID-19 task force, the State Minister for Health Robinah Nabbanja, …

  Kampala, Uganda | THE INDEPENDENT | The National Organisation of Trade Unions (NOTU) has said that it is against a planned demonstration by a section of savers against the National Social Security Fund- NSSF. Usher Wilson Owere, the Chairman General of NOTU says that the body is not part of …

  Paris, FRANCE | THE INDEPENDENT | Eversend, a Neobank for Africans led by Ugandan entrepreneur Stone Atwine, has closed its oversubscribed equity crowdfunding campaign on Seedrs for just over $1 million. The startup Eversend had planned to raise $613,000 in return for 7.67% equity, but ended up raising ($1.015 million). …

    Luwero, Uganda | THE INDEPENDENT | National Water and Sewerage Corporation is struggling to collect payments from water bills that accumulated before and during COVID 19 lockdown. The utility company halted disconnections during the lockdown to maintain a constant flow of water at a time when Ugandans were …

Kampala, Uganda | THE INDEPENDENT | A boutique owner is seeking compensation of more than sh53 million from China State Construction Engineering Corporation Limited, the company contracted to upgrade John Babiiha Avenue in Kampala. The company was contracted by the Kampala Capital City Authority-KCCA for the reconstruction and widening of …

Arusha, Tanzania | THE INDEPENDENT | The East African Community (EAC) has advertised over 40 vacancies, ranging from IT specialists, Human Resource persons to research assistants. The East African Community (EAC) is a regional intergovernmental organisation of six Partner States, comprising Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, with …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has warned commercial banks that the central bank may be forced to impose limits on interest rates they can charge on loans. Mutebile, who appears to make a U-turn from an earlier position that banks can charge borrowers …

The decision follows BoU’s directive to support cash flow in the economy Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd (SUHL) has cancelled its proposed dividend payout of Shs 5.06 per share or a total of Shs110bn to its shareholders, citing central bank’s decision to decline to the …