Business

Private credit and infrastructure investments across African markets rose 118% to record levels in 2021, as borrowers looked beyond domestic risk averse banks Kampala, Uganda | THE INDEPENDENT | Private equity has dominated Africa’s investment landscape for decades, popularised by huge venture capital (VC) deals in the continent’s ever-expanding tech sector. But …

Nairobi, Kenya | THE INDEPENDENT | Uganda’s milk export figures are likely to suffer a new dent after Kenya suspended imports of powdered milk. In a notice dated March 6 to all milk importers in Kenya, the Kenya Dairy Board, KDB, said it was moving to protect local farmers from …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA Council has unanimously resolved to halt the issuance of contracts to casual workers for cleaning the city. The decision was reached in the KCCA council meeting chaired by Deputy Speaker Nasur Masaba on Tuesday following a resolution presented by the Lord …

Amuru, Uganda | THE INDEPENDENT | Amuru district authorities have impounded over 1,000 bags of charcoal in the latest crackdown on illegal commercial production and transportation of charcoal. The bags were impounded between Friday last week and Monday at Akuru Kwe Village in Lamogi Sub-county and Otwe Town Council. The …

Kampala, Uganda | THE INDEPENDENT | Bodaboda operators in Uganda have faulted the insurance industry for not taking care of their challenges to the extent that they see insurance as a money-making venture for the companies. They specifically question why they are forced to pay for third-party insurance yet when they …

Entebbe, Uganda | THE INDEPENDENT & URN |  The Entebbe Express Highway was Wednesday morning closed for an hour, as the Police Bomb squad investigated a suspicious package. Traffic flow was however restored an hour later at about 9am, when the suspected metallic substance was taken to Naguru to be …

Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has launched a competitive Trade Finance Solutions campaign dubbed “Tambuza Business” (Move your business). The Campaign is aimed at simplifying the trade chain through facilitation of purchase, sale and movement of goods and services from sellers to buyers locally and across …

Gulu, Uganda | THE INDEPENDENT | A driver and his turn man died on Monday after a fuel tanker they were traveling in overturned before catching fire along the Gulu-Nimule highway in Amuru District. The Incident happened in Pachilo-Oduti village in the Atiak sub-county. The victims were traveling in a Mercedes …

The new terminal has the capacity for up to one million passengers annually, almost five times the airport’s pre-existing terminal. The country is hoping that the new facility will allow the country to tap into a post-pandemic surge in tourism and air transport across the continent Freetown, Sierra Leone | …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …