Business

KAMPALA, UGANDA | THE INDEPENDENT | The latest report by the Auditor General has indicated an increase in Uganda’s external debt by 2.2 percent, from 53.19 trillion to 54.37 trillion Shillings. According to Auditor General, Edward Akol, the increase is primarily driven by the borrowing from multilateral creditors, which has expanded …

Uganda Electricity Distribution Company Limited to take over from Umeme effective April 1, 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda government is taking a significant step towards securing its energy future with the state-owned Uganda Electricity Distribution Company Limited (UEDCL) set to take over electricity distribution from Umeme, marking the …

Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …

 Private sector investment and strategic policies set to drive economic expansion Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic growth is poised for a notable upturn in 2025, supported by robust performance across key sectors such as energy, mining, agriculture, tourism, manufacturing, and information and communication technology (ICT). This growth is …

Why CSOs are warning of looming crisis in EAC and SADC ANALYSIS | RONALD MUSOKE | Civil society organisations have warned governments in the East African Community and the Southern African Development Community (SADC) to act fast to tackle the growing menace of illicit financial flows in the two regional economic blocs. …

Equity Bank Uganda Limited Appoints Gift Shoko as Managing Director Kampala, Uganda | THE INDEPENDENT |  Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc has announced the appointment of  Gift Shoko from Zimbabwe as the new Managing Director to replace Anthony Kituuka who resigned late last year. Shoko has been …

Kasese, Uganda | THE INDEPENDENT | Apple farmers in Kasese District are expressing frustration over the lack of a reliable market for their produce. Despite benefiting from the awareness campaign by Operation Wealth Creation (OWC) to promote fruit growing, farmers say they face significant challenges due to the absence of …

Addis Ababa, Ethiopia | THE INDEPENDENT | Shelter Afrique Development Bank (ShafDB) and the African Union (AU) have signed a groundbreaking Memorandum of Understanding (MOU) to collaborate on addressing Africa’s critical housing and urban development challenges. The partnership which confers Shelter Afrique an Observer Status at the African Union, aligns …

Kampala, Uganda | THE INDEPENDENT |  Ahead of the highly anticipated annual Ikon Awards 2025, Hollywood’s Morocco Omari facilitated an acting masterclass with over 200 attendees at UCC House Bugolobi. Omari is a seasoned screenwriter, and producer, celebrated for his prominent roles in Empire, Chicago Fire, Homeland, and many other popular …

Kampala, Uganda | THE INDEPENDENT | The African Development Bank Group, World Bank Group, African Union, and the Government of the United Republic of Tanzania will host a landmark Energy Summit for African Heads of State and Government on Monday, January 27, and Tuesday, January 28, 2025, in Dar es Salaam, …