Business

  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 …

  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, …

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 …

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) …

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 …

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 …

  Analysts say the proposed budget should focus on key sectors that support revamping the economy Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Over the past six weeks, Uganda has been in a total lockdown. Shops, except pharmacies and agro vets, had been shut. Transport paralysed. Hotels switched …

The third edition of IATF has also been postponed from 2022 to 2023 to be in line with the two-year intervals between IATF events. Kampala, Uganda | ISAAC KHISA | Owing to the ravaging COVID-19 pandemic, the African Export-Import Bank, the African Union and the Rwandan government have decided to …

Kampala, Uganda | THE INDEPENDENT | Ugandans were charged high prices for goods and services in April compared to what they spent in March, a survey by Uganda Bureau of Statistics (UBOS) has said. UBOS’ Consumer Price Index (CPI) for April 2020, which measures what Ugandans pay for various goods …

Kampala, Uganda | THE INDEPENDENT | Tropical Bank Uganda has become under-capitalized after it posted the biggest loss in the banking sector this year. The bank which first opened in the country in 1973 as Libyan Arab Uganda Bank is now below the required minimum capital by 3.8 bn according …