Business

Kampala, Uganda | THE INDEPENDENT | Kilembe Investments Limited (KIL) is stuck with more than 100,000 of her shares worth more than 1 billion shillings. KIL is a power distribution company operating within Kasese, Rubirizi and Sheema districts. It was founded in 1997 as a power company limited by shares. According …

Kiruhura, Uganda | THE INDEPENDENT | Celebrated dairy farmer (Rtd) Colonel Dick Bugingo has hailed SNV Uganda and the Netherlands Embassy Kampala for supporting private sector initiatives which are critical for the economic development of the sector. Bugingo, Western Uganda’s Best Farmer 2014, made the remarks November 26 when his AGDI dairy …

Kampala, Uganda | THE INDEPENDENT | Uganda is presently enjoying trade surplus with all her neighbours, according to the Bank of Uganda. Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports. According to Adam Mugume, Bank of Uganda’s Executive Director for …

Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest paint company Sadolin has opened its latest color center along Main Street, Gulu Municipality in a bid to expand market reach and consolidate its position in the Ugandan market. The establishment, Sadolin’s sixth in the country will offer experiential shopping for high end …

The move could see a slight reduction in insurance premiums in the short run Kampala, Uganda | ISAAC KHISA | Uganda’s insurance companies, will in effect from January, 2019, implement the ‘No premium, No cover’ regulation, as part of the new measures intended to reform the local industry. This means that …

Kampala, Uganda | JULIUS BUSINGE | The Chinese government is funding the connection of 500 Ugandan villages to satellite TV in an effort to boost digital coverage and increase access to information. The funding is part of the US$10million project intended to boost access to satellite TV for 10,000 African villages. …

Kampala, Uganda | JULIUS BUSINGE | Prime Minister Ruhakana Rugunda is optimistic that the synergy between the tourism and coffee sub-sectors will be instrumental to getting Uganda’s economy to middle income status. Rugunda was speaking as Chief Guest at the first annual Coffee and Tourism Symposium and Exposition at Golden Tulip …

  Will American firm regain its top position? Kampala, Uganda | ISAAC KHISA | The American Insurance Group (AIG) has re-entered the Ugandan market, exactly two years after its exit, citing a re-alignment of its global business strategy. Local industry players have naturally warmed up to AIG’s re-entry into Uganda saying …

La Baraque, Mauritius | AFP | Far out into the Indian Ocean where it is forced to be self-reliant, the island nation of Mauritius is weaning itself off fossil fuels by turning to its main cash-crop sugar cane, for electricity. The leftover, crushed sugar cane stalks and tips — dry …

Petty rivalries blamed for endless regional trade disputes Kampala, Uganda | RONALD MUSOKE | East African Community economies might be growing at an unprecedented rate but experts say emerging nationalism and protectionism policies could hurt integration in the long run. Uganda, Kenya and Tanzania are currently locked in several trade disputes …