Business

Kampala, Uganda | THE INDEPENDENT | The Works and Transport Ministry has issued an operational license to MV Kazinga, which belongs to Great Lakes Safaris. MV Kazinga will offer rides to local and foreign tourists in Kasese. The 65-seater boat was launched on Lake Edward in August. Amos Wekesa, the …

    Seoul, Republic of Korea | THE INDEPENDENT | Ugandan innovators Kimuli Fashionability are one of the three winners of the 2019 Greenpreneurs Business Pitch Competition. The winners are Kimuli Fashionability that aims to transform waste into up-cycled fashion while providing employment opportunities to people with disabilities;  Rento-Rewa (India), an online platform to facilitate the …

Kampala, Uganda | THE INDEPENDENT | While Telemedicine is seen by many as a crucial intervention to increase access to universal health coverage in Uganda, regulators are insisting that an applicable law must be in place. Telemedicine refers to a combination of remote diagnosis and treatment of patients through telecommunication …

Kampala, Uganda | THE INDEPENDENT & AFP | A day after Uganda’s Finance Minister Matia Kasaija warned about the use of crypto-currencies, European governments are asking questions about Libra, forcing Facebook’s partners to reconsider. Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts …

  Kigumba, Uganda | PATRICIA AKANKWATSA | Agilis Partners, an agricultural development company recently held a sensitization workshop for farmers on how to improve their yields as well as fight the dreaded army worm on its farm located in Kigumba town. The company that owns Asili Farms and the Joseph …

Kampala, Uganda | THE INDEPENDENT | Banks in Uganda and other currency traders are awaiting directions on how they can proceed to trade Kenyan new currency notes. Kenya’s old 1,000 note stopped being legal tender on Monday 30 September 2019 and anyone who has it around the world will not …

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …

Cotonou, Benin | AFP |  Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19, President Muhammadu Buhari unexpectedly closed Nigeria’s borders to goods trade with Benin and Niger, declaring the …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Local Government has rolled out the automated Revenue Management System, e-logRev aimed at increasing revenue collections. The online tool is used for local taxpayers’ registration, payment assessments, e-payment, reconciliation, enforcement, reporting and integration with other government agencies. The system was launched …

  ✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% Kampala, Uganda | THE INDEPENDENT | Ugandans saving with the National Social Security Fund (NSSF) will earn 11 per cent on their savings this year, a drop …