Business

COMMENT | VALERY OKECHO | Public-private partnerships are not merely advantageous; they are indispensable in addressing pressing societal issues, with road safety awareness being a prime example. When government entities and private enterprises collaborate, they bring together resources, expertise, and networks to tackle complex challenges effectively. This synergy is crucial …

ROME, ITALY | Xinhua | U.S. electric vehicle maker Tesla is in talks with the Italian government to open a production facility in the country, Italian media reported Tuesday. Tesla has been engaged in talks with the Ministry of Enterprises and Made in Italy for several months, with the plan …

Kwania, Uganda | THE INDEPENDENT | The production department in Kwania district is actively promoting the adoption of small-scale irrigation systems among farmers to mitigate the adverse impacts of climate change. This initiative, known as Micro-scale irrigation, is a government program aimed at supporting farmers in acquiring and utilizing individual irrigation …

Kampala, Uganda | THE INDEPENDENT | The government programs continue to be impacted by financial pressures this year, amidst dwindling low-cost financial sources and plans to reduce commercial borrowing. This is a spillover from the large (5.5 percent of GDP) fiscal deficit in 2022/2023 was larger than planned, due to a …

Limited skilled manpower, inadequate financing, extended payment cycles, and geopolitical tensions continue to impact the sector a head of oil production Kampala, Uganda | THE INDEPENDENT | Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the …

KIGALI, RWANDA | Xinhua | Chinese manufacturers of electric buses have set BasiGo, a Kenya-based company, on course toward its business sustainability but also the start of a significant role in advancing Rwanda’s transition to greener transportation. It is roughly three months since BasiGo launched pilot electric buses in public …

The Fund is expected to tackle  Africa’s $110 billion equity financing gap Kampala, Uganda | THE INDEPENDENT | Pan African multilateral lender, African Export – Import Bank has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap …

Kampala, Uganda | THE INDEPENDENT | ICEA LION Life Assurance Uganda emerged as a standout performer at the Insurance Regulatory Authority awards, winning multiple accolades for its trailblazing client-centered solutions. The ceremony, held at Kampala Serena Hotel on Friday, March 15, 2024, celebrated the ingenuity of insurers across Uganda, highlighting …

Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …

Uganda’s Middle Status: Income or Human Development? NEWS ANALYSIS | THE INDEPENDENT | Reports from a UNDP Human Development Index released last week, that Uganda had attained middle-income status, has drawn less reactions than the 2022 announcement by government that the country had attained the necessary indicators. Experts are of …