Business

Kampala, Uganda | GODFREY SSALI | Sugar millers under their umbrella association the Uganda Sugar Millers Association have denied allegations they are hoarding sugar so as to sell it at higher prices. Trade Minister Amelia Kyambadde summoned the sugar millers to a meeting Tuesday 5th December 2017 at the Ministry offices in …

Regulator says aggressive marketing and awareness would reverse the poor performance Kampala, Uganda | ISAAC KHISA | Uganda’s agriculture sector has been associated with many risks – unstable prices, drought, pests and diseases – thus hampering its growth. This prompted the government to unveil a Shs5bn Agriculture Insurance Premium Subsidy Scheme last …

But will he achieve the Shs 20 trillion in savings by 2022? Kampala, Uganda | JULIUS BUSINGE | Richard Byarugaba was recently re-appointed as the managing director of the National Social Security Fund for another five-year term. His performance in the first term seems to have impressed his supervisor – the …

Kinshasa, DR Congo | AFP | Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital of the Democratic Republic of Congo, a potential market of 80 million people but one beset by poverty and political instability. “We will close our factory and offices by the …

Kampala, Uganda | JULIUS BUSINGE | The East African Revenue Authorities are facing similar challenges – a small tax base because of a huge informal sector, tax evasion, limited human resource personnel and volatile economy. Others are poor information technology systems and connectivity, political uncertainties and delays in dispute resolution. In …

Kampala, Uganda | JULIUS BUSINGE | Sadolin Paint injected Shs 50 million in the just concluded Uganda Society of Architects Annual General Meeting (AGM), a move that company officials said would boost the association’s work thereafter. Speaking to The Independent on the sidelines of the AGM at Pearl of Africa Hotel …

THIS WEEK: CIC Insurance to sell insurance in the extractive industry Kampala, Uganda | THE INDEPENDENT | Regional insurance firm, CIC Insurance,   is set to unveil a comprehensive cover targeting mining, oil and gas industry players, according to Kenya’s Business Daily. Group general manager for marketing and distribution, Joseph Kamiri, said …

Kampala, Uganda | THE INDEPENDENT | Jeff Bezos broke the $100 billion (Approx. Shs364 trillion) mark for the first time on Nov.24 – one month after he officially became the richest man in the world. Bezos, 53, had flirted with the top spot earlier in the year but inconsistent shares meant …

THIS WEEK: Airtel rewards more in Yoola Amajja promo Kampala, Uganda | THE INDEPENDENT | On Nov. 24, Airtel Uganda awarded more customers in its Yoola Amajja promotion for the third draw. Isaac Sententembe, a mechanical engineering student at Bugema University won Shs1.1 million. Sententembe said he would use his …

THIS WEEK: MTN, Fero Mobile unveil new smart phone Kampala, Uganda | THE INDEPENDENT | MTN Uganda has partnered with Fero Mobile to unveil an entry-level smartphone onto the Ugandan market. “If you were looking for the perfect gift this Christmas, why not gift a Fero? Even with internet connectivity …