Kampala, Uganda | THE INDEPENDENT | Uganda Manufacturers’ Association (UMA) and Kampala City Traders Association (KACITA) have warned about the severe economic implications of Alcoholic Control Bill 2023, arguing that millions of jobs are at risk. The Private Sector Foundation (PSFU) has also asked parliament to shift focus to …
Read More »Training needed for huge opportunities ahead of refinery- Minister Nankabirwa
Kampala, Uganda | THE INDEPENDENT | Energy and Mineral Development Minister Ruth Nankabirwa has called on the oil and gas companies and training institutions to intensify the skilling of Ugandans especially small and medium enterprises ahead of the construction of the refinery. The minister says that the refinery project is nearing …
Read More »TotalEnergies unveil Industry Enhancement Centre to boost SMEs participation in oil and gas
Kampala, Uganda | THE INDEPENDENT | Top executives from TotalEnergies EP Uganda, along with government officials and private sector stakeholders, have inaugurated the Industry Enhancement Center (IEC) in Kololo, Kampala, aimed at bolstering the capacity of Ugandan Small and Medium Enterprises (SMEs). TotalEnergies awarded a 3-year contract worth $2.3 …
Read More »BAT net profit down 9% to Shs8.9bn
The company continues to demonstrate resilience amidst a challenging operating environment, characterised by a high prevalence of illicit trade Kampala, Uganda | JULIUS BUSINGE | Cigarette seller, British American Tobacco has reported a reduction in net profit from Shs9.8bn for the year ended December 2022 to Shs8.9bn for the year ended …
Read More »Uganda raises cost for gorilla tracking permits
Kampala, Uganda | THE INDEPENDENT | Uganda Wildlife Authority has raised the cost for gorilla trekking permits to USD 800 per person, up from presently USD 700 effective July 1, 2024. East African foreign residents will have to pay USD 700 per person, up from presently 600 US Dollars per person …
Read More »Govt to adopt tough borrowing measures, bans Eurobond issuance
Kampala, Uganda | THE INDEPENDENT | The government of Uganda has admitted that it has broken several public debt safety points but now seeks to correct the situation through the new five-year Public Debt Management Framework. The framework (PDMF) drawn by the Ministry of Finance, Planning, and Economic Development is …
Read More »Mobile World Congress 2024 opens with focus on 5G, AI innovations
BARCELONA, Spain | Xinhua | The 2024 edition of the Mobile World Congress (MWC), the world’s leading trade fair for mobile technology and related industries, opened in Barcelona, Spain, on Monday. This year’s MWC centers on the “Future First” concept, highlighting the importance of uniting industries, continents, technologies and communities …
Read More »ICPAU to hold 14th Graduation Ceremony on March 7
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) is set to hold the 14th Graduation ceremony on March 7, 2024, in Kampala. There are 250 graduands: 231 for the Certified Public Accountants (CPA) course, 4 for the Certified Tax Advisor (CTA), and 15 for …
Read More »Absa declares new business and brand promise across all its markets
Johannesburg, South Africa | THE INDEPENDENT | Absa on Monday launched its repositioned brand to the market signalling a shift to being a more deliberately customer-centric business with the new brand promise of ‘Your Story Matters’. According to Arrie Rautenbach, Group CEO of Absa, the bank has set a clear trajectory …
Read More »Sunbird Resources awarded a 21-year mining license
This development is anticipated to lead to a decline in cement prices, which have risen from Shs 28,000 in 2018 to currently exceed Shs 33,000, varying by manufacturer and application Kampala, Uganda | JULIUS BUSINGE | Uganda has granted a 21-year Large-Scale Mining License LML0344 to Sunbird Resources Limited to mine …
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