Business

Juba, South Sudan | THE INDEPENDENT |  When the hackers seized the website of the central bank of South Sudan late last week, it was the reason that the hijackers gave that raised more concern about the country’s economy than the attack itself. The hackers, calling themselves “Anonymous South Sudan” …

Arua , Uganda | THE INDEPENDENT |  Residents of Arua City have booed Ruth Nankabirwa, the Minister of Energy and Mineral Development over the delayed connection of the West Nile region to the national grid. Speaking at a function on Tuesday to welcome the President at the start of his …

Kampala, Uganda | THE INDEPENDENT | With effect from 1st July 2023, all vehicle registration functions will be handled by the Ministry of Works and Transport (MoWT). This move is the final stage in the transition of Vehicle registration from URA to MoWT that commenced three years ago. The transition …

Arua, Uganda | THE INDEPENDENT |  Political and opinion leaders in Arua want Parliament to revisit the criteria for creating new cities arguing that the current method is promoting divisions and tribal conflicts. This was during a meeting with the Opposition Members of Parliament led by the Leader of Opposition, …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has today rallied Ugandan Media to join the fight against HIV/AIDS by taking part in the upcoming Kabaka Birthday Run slated for Sunday 16th April 2023. The Run is the biggest platform for millions of Ugandans across the country to take part …

Kampala, Uganda | THE INDEPENDENT | Government is set to pay US$215 million (Sh 802 billion) to acquire majority shares of power distributor, Umeme. The move comes as Umeme’s 20 year contract comes to a close in 2025, giving government full control of the power distribution system, marking the end …

East Africa’s cross-border electric railway line plans are upping the competition for cargo business in the region and helping the region tap a US$3 trillion single market opportunity Dar ea Salaam, Tanzania | BIRD AGENCY  |  Tanzania and Burundi have floated a tender for designing and constructing an electrified railway …

  Apaa, Uganda | THE INDEPENDENT |  With a 20-year hunting concession awarded to a South African company over Uganda Wildlife Authority (UWA)’s protected reserve in the disputed Apaa land left with only three years to expire, its proprietor Bruce Martins is almost losing hope of ever recouping his investment …

Kampala, Uganda | THE INDEPENDENT | dfcu bank’s profit after tax has more than doubled to Shs 30.6bn for 2022 owing to a sharp drop in operating expenses. The lender’s impairment losses on financial instruments fell from Shs 148bn in 2021 to Shs 88bn as interest payment on deposits dropped from …

Alebtong, Uganda | THE INDEPENDENT | Grain millers in Alebtong are at risk of being closed down for failing to comply with the standards set by the Uganda Bureau of Standards (UNBS). Last year, during a standard-compliance enforcement activity, a number of mills in the district were closed down after it …