Kampala, Uganda | THE INDEPENDENT | Uganda is stepping up efforts to bridge the gap between education and industry, with government urging manufacturers to play a greater role in training learners to meet the changing demands of the labour market. The push was highlighted at the launch of the …
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In this letter to the Finance Minister, Rwakakama outlines a third path between spending the reserves buffer and watching the shilling. COMMENT | MORRISON RWAKAKAMBA | Dear Henry Musasizi, Minister of Finance, Planning and Economic Development. I write on the evening of our 64th Independence, as a citizen in the coffee …
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Kampala, Uganda | THE INDEPENDENT | Ugandan manufacturer Movit Africa has been named Best Overall Exhibitor at the 32nd Uganda International Trade Fair, along with Best Sector Exhibitor – Cosmetics/Petrochemical Products, highlighting the growing role of local manufacturers in building competitive brands and expanding market opportunities. Organized by the …
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Kampala, Uganda | URN | The Capital Markets Authority (CMA) has authorised the marketing and distribution of the initial public offering (IPO) for Dangote Petroleum Refinery and Petrochemicals FZE to eligible Ugandan investors. The Authority has, however, restricted participation to high-net-worth individuals and institutional or professional investors. The approval allows …
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Kampala, Uganda | NEWS CORRESPONDENT | Deputy Speaker of Parliament Thomas Tayebwa has called on the business community to embrace tax compliance, transparency and ethical practices, saying Uganda’s economic transformation depends on a strong and responsible private sector. Tayebwa made the remarks on Wednesday while speaking at the inaugural National Prayer …
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Kampala, Uganda | NEWS CORRESPONDENT | Investments in advertising and greater product quality were widely cited as drivers of consumer confidence, with all monitored sectors in the monthly Stanbic Purchasing Managers’ Index (PMI) registering optimism during September. Compiled by S&P Global, the latest survey data indicates continued expansions in …
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COMMENT | WILSON MANISHIMWE | The Uganda Shilling has experienced a sharp depreciation over the US Dollar recently, driven primarily by escalating international political tensions, a spike in global oil prices and intense dollar demand from corporate sectors. Available data indicates that the exchange rate hit UGX 3,920 per …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has called on Uganda to stop exporting raw materials and invest in processing and manufacturing, as the country pursues a target of growing its economy tenfold to $500bn by 2040. In a speech read on his behalf by Trade, Industry …
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Equity Bank urges diaspora to invest remittances, build wealth Kampala, Uganda | NEWS CORRESPONDENT | For years, money sent back home by Ugandans living abroad has helped families pay school fees, medical bills, build homes and meet everyday needs. But Equity Bank is urging the diaspora to go …
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New faciliteis to strengthen delivery of Uganda’s development finance mandate Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), Uganda’s national Development Finance Institution, has commissioned UDB Tower, its new 14-storey head office located at Plot 22, Hannington Road in Kampala. Officials said the commissioning marks a …
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The Independent Uganda: You get the Truth we Pay the Price
