Kampala, Uganda | THE INDEPENDENT | The government programs continue to be impacted by financial pressures this year, amidst dwindling low-cost financial sources and plans to reduce commercial borrowing. This is a spillover from the large (5.5 percent of GDP) fiscal deficit in 2022/2023 was larger than planned, due to a …
Read More »
Limited skilled manpower, inadequate financing, extended payment cycles, and geopolitical tensions continue to impact the sector a head of oil production Kampala, Uganda | THE INDEPENDENT | Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the …
Read More »
KIGALI, RWANDA | Xinhua | Chinese manufacturers of electric buses have set BasiGo, a Kenya-based company, on course toward its business sustainability but also the start of a significant role in advancing Rwanda’s transition to greener transportation. It is roughly three months since BasiGo launched pilot electric buses in public …
Read More »
The Fund is expected to tackle Africa’s $110 billion equity financing gap Kampala, Uganda | THE INDEPENDENT | Pan African multilateral lender, African Export – Import Bank has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap …
Read More »
Kampala, Uganda | THE INDEPENDENT | ICEA LION Life Assurance Uganda emerged as a standout performer at the Insurance Regulatory Authority awards, winning multiple accolades for its trailblazing client-centered solutions. The ceremony, held at Kampala Serena Hotel on Friday, March 15, 2024, celebrated the ingenuity of insurers across Uganda, highlighting …
Read More »
Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …
Read More »
Uganda’s Middle Status: Income or Human Development? NEWS ANALYSIS | THE INDEPENDENT | Reports from a UNDP Human Development Index released last week, that Uganda had attained middle-income status, has drawn less reactions than the 2022 announcement by government that the country had attained the necessary indicators. Experts are of …
Read More »
Kampala, Uganda | THE INDEPENDENT | A total of 27 Ugandans have won funding support amounting to US$5, 000 (approx.Shs20million at current exchange rate) for the 2024 10th cohort, lower than over 209 winners for 2022, the Foundation’s chairman announced on March 22. Hoziana Niyonsaba Ssemanda, the head of marketing and …
Read More »
The AWE initiative has increased representation of the telco’s women suppliers from 7% in 2023 to an impressive 15% Kampala, Uganda | THE INDEPENDENT | MTN Uganda has recorded a significant stride in championing gender diversity within its supply chain, increasing the representation of women suppliers from 7% in 2023 to …
Read More »
Nabilatuk, Uganda | THE INDEPENDENT | Authorities in Nabilatuk district have repurposed a former detention facility for suspected cattle rustlers into a youth center aimed at promoting digital literacy and education. Situated within Nabilatuk Town Council, the facility previously served as a detention center during cordon and search operations between 2022 …
Read More »
The Independent Uganda: You get the Truth we Pay the Price