Business

Dubai, UAE | THE INDEPENDENT | The host and President of COP28 President, Sultan Al Jaber says the annual climate summit taking place in Dubai has already made history.  He told Journalist that more than $83 billion had been mobilized during the first week of the conference. Unlike at past Climate …

Entebbe, Uganda | THE INDEPENDENT |  President Yoweri Kaguta Museveni has okayed the mining of lithium in Ntungamo district to allow for the manufacture of electric car batteries. Museveni gave the green light while meeting a group of investors from Strand Hanson Limited, a London-based company at State House Entebbe. …

Kampala, Uganda | THE INDEPENDENT |  Major contracts for construction activities for the Tilenga project have been awarded two years after a Final Investment Decision (FID) for the project was taken. The project is located in Bulisa and Nwoya districts and is led by TotalEnergies. Philippe Groueix, the Chair of …

Kampala, Uganda | THE INDEPENDENT & URN |  At least sh3.6 billion has so far been lost by Ugandan investors in closed-down investment companies, which were declared Ponzi Schemes by the Capital Markets Authority (CMA). CMA issued a warning to the public on 18th  September 2023 on potential losses from investing …

African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …

Kampala, Uganda | THE INDEPENDENT | Motorcare Uganda Limited, a player in the Ugandan motor industry with over 27 Years of Experience with exclusive distribution rights for Ford vehicles has today launched the Next-Gen Ford Ranger with advanced safety and technology features. During the launch, Richard Musani the General Manager, Sales …

Kampala, Uganda | THE INDEPENDENT |  Uganda Baati has been recognized as “Quality Steel Manufacturer of the Year 2023” at the Annual KACITA Awards Gala-2023, held at the Motiv in Bugolobi. The KACITA awards were aimed at recognizing outstanding achievements of businesses and government agencies that have significantly contributed to …

Nairobi, Kenya | THE INDEPENDENT | Pearl Dairy Farms Limited, a Ugandan milk processing firm behind the Lato brand, is set to acquire a Kenyan milk company in a transaction that will allow it to take on local firms and beat hurdles disrupting the supply and sale of its products in the …

Kampala, Uganda | THE INDEPENDENT | Unifi Uganda, a credit loans company, has unveiled a first instalment campaign dubbed “Excuse My Loan”, an innovative competition that saw 35 lucky customers being relieved of loans totaling up to Shs15m, it said Dec.05 in a statement. Launched in April – May and again …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda, Uganda’s First 5G Network has today launched the first 5G Home Broadband Device with a promise to boost connectivity in Uganda. The new development was announced during the Airtel  Wednesday Night Golf monthly mug tournament held at Uganda Golf Club today Nov.29. The …