Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited is fronting sustainability as a strategy to enhance business operations and secure opportunities for the future generation, according to Samuel Edem – Maitum, the bank’s director of credit. Edem was speaking to journalists in Kampala attending the 2021 World Development Finance …
Read More »SME body wants government to establish compensation fund for businesses that get hit by catastrophes
Kampala, Uganda | THE INDEPENDENT | The Federation of Small and Medium Sized Enterprises – Uganda has asked the government to establish what it calls a ‘compensation fund’ to support businesses that get hit. Speaking to journalists on Nov.21 at the federation’s offices in Ntinda, Kampala, John Walugembe, the executive director, …
Read More »Kenya urges manufacturers to expand range of goods
Nairobi, Kenya | Xinhua | Kenya on Friday urged the local manufacturing community to expand the range of products available in readiness for the expansion of market opportunities in Africa, Europe and the Middle East. Betty Maina, the Cabinet Secretary at the Ministry of Industrialization, Trade and Enterprise Development, called …
Read More »African small enterprises receive training on trading under AfCFTA
Johannesburg, S.A | Xinhua | The International Trade Centre (ITC) said on Tuesday that it has launched a training program for small businesses on how to export within the African Continental Free Trade Area (AfCFTA). “The How to Export with the AfCFTA training program is crucial in empowering African small businesses …
Read More »ICT minister directs NITA-U to reduce internet costs
Kampala, Uganda | THE INDEPENDENT | The State Minister for Information and Communication Technology-ICT, Joyce Nabbosa Ssebugwawo has directed the National Information Technology Authority Uganda-NITA-U, to reduce the cost of internet in order to ease the cost of doing business. Recent research showed that Uganda has the most expensive mobile data …
Read More »Traffic jams increasing cost of doing business
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Kampala Capital City and Metropolitan Affairs, Kyofatogabye Kabuye, has told Parliament that congestion in Kampala Capital City has a bearing on the cost of doing business, causing financial loss to travellers who use public transport. Kabuye said that traffic jam …
Read More »Incorporate business and human rights into national investment legal frameworks, government told
Kampala, Uganda | THE INDEPENDENT | Uganda needs to incorporate guiding principles on business and human rights into the national investment regulatory frameworks to strike balance between the investor rights and the state, according to Jane Nalunga, the Executive Director at the Southern and Eastern African Trade Institute –SEATINI Uganda. Nalunga, who …
Read More »President Museveni in UAE for start of Dubai trade Expo
Abu Dhabi, UAE | THE INDEPENDENT | President Yoweri Kaguta Museveni has joined dozens of world leaders in Abu Dhabi, United Arab Emirates (UAE) for the 2020 Dubai trade Expo. The Expo that will run up to 31st March 2022 was officially opened on 1st October 2021 in Dubai. On …
Read More »EAC businesses not ready for continental free trade area – Experts
Kampala, Uganda | THE INDEPENDENT | Business leaders and experts have cast doubt on whether the East African Community will benefit from the African Continental Free Trade Area, AfCFTA, that took effect January 1 this year. The AfCFTA is a trading arrangement supported by 54 African countries to create a single …
Read More »Police investigates dropped leaflets threatening Indians in Jinja city
Jinja, Uganda | THE INDEPENDENT | Police in Kiira region is investigating circumstances under which leaflets were dropped in Jinja city warning of an attack on businesses owned by Indians. The leaflets which were directing Indians to either pay a minimum of five million shillings or risk being evicted from Uganda are …
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