Business

THIS WEEK: Uganda Baati to train 600 roof technicians Kampala, Uganda |THE INDEPENDENT |Uganda Baati, one of the country’s oldest roofing solutions provider, has unveiled a campaign dubbed the Fundi Club campaign that will see over 600 roof installers trained countrywide. George Arodi, the country manager said the firm decided …

  Geneva, Switzerland | MOFA | Minister of Justice and Constitutional Affairs Kahinda Otafiire has told the 2017 General Assembly of the World Intelectual Property Organization (WIPO) that Uganda has stepped up efforts to ensure protection of traditional knowledge and the country’s genetic resources. He said protection of  traditional knowlede and …

Kampala, Uganda | GODFREY SSALI | The Uganda Development Corporation (UDC), the investment arm of government mandated to promote and facilitate industrial and economic development of the country, has finally got a first Board of Directors since its revival in 2008. The new board which will be chaired by Hamu Mugenyi, …

Mumbai, India | AFP | India’s central bank held interest rates at a seven-year-low on Wednesday as it downgraded growth forecasts for Asia’s third largest economy amid a slowdown following recent high-profile reforms. The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends …

Kampala, Uganda | ISAAC KHISA | Uganda Securities Exchange has received approval from the Capital Markets Authority to demutualise within a period of one year, according to its Chief Executive Officer, Paul Bwiso. Bwiso said the new development means that the USE ceases to be a mutual entity limited by guarantees and …

Kampala, Uganda | GODFREY SSALI | Government has moved to regulate the manufacture and processing of packaged water in a bid to ensure safety and security of the public. Cabinet has approved a new policy to streamline the packaged water sector. Packaged water is one of the key industrial sub-sectors with …

Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …

Washington, United States | AFP |  Remittances, a major source of revenue for the world’s poorest countries, are due to grow again this year after falling two years in a row, the World Bank said Tuesday. Such cash transfers to low and middle-income countries are on course to rise by …

  Alfred Kusiima is the national coordinator of the Uganda National Alliance on Clean Cooking (UNACC), a membership-based association that supports and steers efforts towards reduction in demand for biomass energy resources in Uganda.  He spoke to The Independent’s Agnes E. Nantaba about promoting clean and efficient cooking solutions. What …

  Government drafting guidelines to deal with defaulting retail chains    Kampala, Uganda | JULIUS BUSINGE | Supermarkets in Uganda have made it a habit not to pay or delay payments to suppliers of goods and services in time but that will soon come to an end once the government’s proposed …