Kampala, Uganda | THE INDEPENDENT | Sugarcane farmers in Masindi have resolved to lift their ban to supply cane to Kinyara Sugar Limited. The farmers slapped a ban on supplying cane to Kinyara Sugar Limited on October 18th, 2018 following their failure to agree with the company on the final payment …
Read More »How to stir industrial growth
Friedrich-Ebert-Stiftung offers suggestions ahead of new policy launch Kampala, Uganda | JULIUS BUSINGE | Policy documents alone will not industrialise Uganda. The government should lead this agenda by acting and learning from the mistakes and failures. Also industrial development should become a political priority in action and funding, not in …
Read More »BoU maintains lending rate at 10 percent
The Bank of Uganda has maintained the benchmark central bank rate at 10 percent. Kampala, Uganda | THE INDEPENDENT | Governor BoU Emmanuel Tumusiime Mutebile says that the 12-month inflation forecast has improved slightly relative to October 2018 forecast. The Consumer Price Index data by Uganda Bureau of Standards indicates that …
Read More »NOTU, Finance Ministry bicker over NSSF representation
Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) is embroiled in a conflict over its representation to the National Social Security Fund (NSSF) board. The 11th NSSF board was inaugurated by Finance Minister Matia Kasaija yesterday but without workers representatives from NOTU. The inaugurated board is …
Read More »International money transfer costs set to drop
Kampala, Uganda | JULIUS BUSINGE | Catherine Wines is a Co-founder of World Remit – a global money transfer company. She spoke to The Independent’s Julius Businge about the trends in the international money transfer market. How big is your business at the moment? WorldRemit processes more than one million …
Read More »New e-passport: All you need to know
Kampala, Uganda | ISAAC KHISA | The Directorate of Citizenship and Immigration Control is set to rollout a new International East African passports to replace the current ones. The exercise that starts in January 2019 is an initiative of the EAC Heads of State to synchronise passports across the region.The e-passport …
Read More »COMMENT: Behind new Sugar Act
Thank you parliament for ensuring that new law on sugar shifts from ‘bitter’ Sugar Bill to new ‘Sweat’ Sugar Act COMMENT | Michael Mugabira | The Parliament of Uganda delivered a land mark victory on Nov.21 by passing the Sugar Act to streamline the affairs of the sugar industry. The Sugar Bill …
Read More »Umeme’s new target
ERA wants the power distributor to connect more customers, cut losses Kampala, Uganda | JULIUS BUSINGE | Selestino Babungi, the managing director of Uganda’s largest power distribution company, Umeme, wants the industry regulator, Uganda Electricity Regulatory Authority (ERA) to set for them fair targets amid high consumer expectations. Babungi said fair …
Read More »SHOPPING: Black Friday
Why do shoppers throw punches over bargains? A marketing expert explains the psychology Kampala, Uganda | COLLEEN P. KIRK | Black Friday, the most celebrated shopping day of the year, abounds with tales of fistfights over discounted televisions or even stampedes as consumers rush to get that low-priced sweater they saw …
Read More »Nigeria seeks arrest, extradition of former oil minister
Abuja, Nigeria | AFP | Nigeria’s main anti-corruption agency on Monday filed for the arrest of former oil minister Diezani Alison-Madueke after a judge approved a request for her to be charged with corruption. The Economic and Financial Crimes Commission (EFCC) said in a statement the application for warrant of …
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