Tuesday , February 11 2025
Home / Business (page 7)

Business

Business news

Uganda shilling falls on dollar supply shortage

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling seemed to be halting the downward trend against the dollar at the close of the week, at 3,695.05 buying and 3705.05 selling, on Friday, according to the Central Bank. The shilling has been depreciating since December 19, 2024, when the dollar was …

Read More »

Cassava farmers in Teso decry low prices

Soroti, Uganda | THE INDEPENDENT | Cassava farmers in Teso are facing a dire situation as prices for their produce have plummeted in the region. This crisis is exacerbated by diseases affecting cassava crops, leading to rotting and further diminishing market value. Augustine Akutu, a renowned farmer and Chairperson of Businessmen …

Read More »

Blencowe starts drilling at Orom-Cross Graphite Project

Kitgum, Uganda | THE INDEPENDENT |   Blencowe Resources Plc. has announced the commencement of the Phase 7 exploration programme that involved drilling, at its Orom-Cross graphite project in Kitgum district. Blencowe acquired the Orom-Cross Graphite Project mining license in 2019 for 21 years through the acquisition of a 100 percent …

Read More »