Business

Industry executives to respond to Mutebile’s call upon carefully evaluating their commitments with clients Kampala, Uganda | JULIUS BUSINGE | Commercial Bank top executives plan to respond to the central bank’s call to lower interest rates upon carefully analyzing their current loans and sector developments. The Bank of Uganda Governor, …

Kampala, Uganda | THE INDEPENDENT  |  Importers and retailers in Kampala have started stocking up for the Christmas festivities with anticipation for bumper sales in the season.   Several traders, however, said they have faced heavy taxes which means they will bring in fewer goods than they did last year.  But Shoppers …

Kampala, Uganda | THE INDEPENDENT | Denmark has over the years maintained an enviable track record in agriculture production, with its annual yield being three times the amount it needs for itself. This, thanks to a good percentage of arable land and moderate climate but more importantly its extremely advanced technology …

San Francisco, United States | AFP | Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for the launch of a wide array of new gadgets and services. Profit dipped 23 percent from a year ago to $7.1 billion …

  Significant reduction or elimination of tariffs would boost intra-Africa trade to more than 50% COMMENT | Damali Ssali |  There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant. International trade grew dramatically in the …

  Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has instructed that Members of Parliament and staff of Parliament should use the National Carrier – Uganda Airlines while on official duty. The directive is carried in her letter dated October 16, 2019, to the Clerk to …

Lamwo, Uganda | THE INDEPENDENT  |  A boundary dispute between Uganda and South Sudan has left residents of Ngomoromo village in Lamwo District unable to conduct normal businesses.  The contentious land is located in Parapadwanya bordering Ngomoromo in Uganda and Poge in South Sudan’s, Ayaci County. The disputed area is also …

Entebbe Uganda | THE INDEPENDENT  |  Operators in the Aviation industry in Uganda, Ethiopia and Qatar are partnering to train Ugandan students in basic aviation operations and service delivery. The partnership has been sealed at Entebbe Airport on Sunday morning. The Aviators in the two countries will train Ugandan students in …

NEWS BRIEFS:  Hima Cement on October 21st announced a partnership with Xente Tech Ltd, a Payments, Ecommerce & Financial Services Company to ease online shopping of Hima and bonastore range of products. Xente is an online app offering digital products like Airtime, bill payments, movie, event & bus tickets and …

    NEWS BRIEFS: Prayosha Enterprises Limited last week launched a tempered glass plant the first ever in the East Africa. The minister of state for trade and cooperation Werikhe Gafabusa launched the state of the art tempered glass plant at Mutundwe in Kampala. He lauded the directors for choosing …