Business

Recent hike means current tariff structure could end up killing industries The cost of production in Uganda could soon rise as government continues to increase electricity tariffs amidst dwindling production due to low consumer demand. Analysis by The Independent shows that the  government has increased  electricity tariffs by over 22% …

The African Development Bank (AfDB) has assured President Yoweri Museveni that they are planning several interventions that will bring down the electricity tariffs in Uganda. AfDB president Akinwumi Adesina gave the assurances after Museveni expressed concern over the high cost of electricity, which he says is not coming down until an AfDB bank …

  Vanessa Atim is the managing director of ProInterns, a company that is working to solve Uganda’s unemployment challenge through skill development.  She spoke to The Independent’s Agnes E Nantaba on matters concerning unemployment in the country. What encompasses your management philosophy? I am a very ambitious and hardworking manager …

Donates 500 solar panels to poor households Bank of Kigali (BK) officially launched yearlong activities while marking 50 years anniversary since incorporation in 1963. Among the activities, BK donated 500 solar panels that will benefit at least 2,500 members of needy households that currently do not have electricity as a …

The Kaduru’s grow passion fruits in Fort Portal as a business and as means to boost women and girls incomes Rebecca Kaduru and her husband grows passion fruits on their farm in Fort Portal as a business and as means to boost women and girls incomes. Rebecca Kaduru thought she …

Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each othe. Meetings between teams from IMF and planners of Uganda’s economy, especially President Yoweri Museveni, have historically involved …

Bank of Uganda has confirmed that it has transferred the assets of Crane Bank to DFCU Bank. “In exercise of its powers as Receiver, under Sec 95(1)(b) of FIA, BoU has now transferred the liabilities (incl deposits) of CB to DFCU Bank,” Bank Governor Emmanuel Tumusiime-Mutebile told the press in …

Washington, United States | AFP | US-Mexican relations were rocked Thursday as Donald Trump’s administration suggested taxing imports from the southern neighbor to fund a border wall and Mexico’s president scrapped a meeting with the US leader. Trump had been scheduled to receive Pena Nieto at the White House on …

Uganda today marks 31 years since the NRM/NRA took over power. The day’s celebrations have been held in Masindi, western Uganda. The theme for the national celebrations was ‘Uganda’s success story under NRM leadership, a shared victory’. President Yoweri Museveni emphasized five key areas government is now focusing on: Government will focus …

New York, United States | AFP |  The Dow Jones Industrial Average, the most famous equity index benchmark on Wall Street shot above 20,000 for the first time at the open Wednesday. The blue-chip stocks index quickly blew through the much-anticipated milestone in the opening seconds of trading, culminating a …