Business

Kampala, Uganda | THE INDEPENDENT | The Standards, Utilities, and Wildlife Court in Kampala has fined 40 Kenyan fishermen sh700,000 (Ksh22,113) each for fishing on the Ugandan side of Lake Victoria without a valid license. The fishermen who have spent a month on remand at Luzira Prison were arrested and charged …

Katuna, Uganda | THE INDEPENDENT | Top cabinet ministers have been shocked at the rotting state of Uganda’s newly constructed one-stop border post of Katuna while the Rwanda side Gatuna is sparkling and meticulously maintained. Stunned by the disintegrating though yet-to-be-completed Ugandan side compared to the crisp, well-maintained Rwanda side, …

Kampala, Uganda | THE INDEPENDENT | The Government is satisfied with the performance of the Bank of Uganda under the leadership of the Deputy Governor Michael Atingi-Ego, finance minister Matia Kasaija has said. Kasaija, in an interview with Uganda Radio Network, says Atingi-Ego is doing “a fantastic job” and that there’s …

  The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. | THE INDEPENDENT | The headline PMI rose to 50.5 in August, up …

The value of the illicit beer trade in Uganda is estimated at US$1bn | THE INDEPENDENT | Nile Breweries Limited executives want the government to put in place policies and regulations that support and protect the beer industry against unfair competition and tax laws. While making a presentation on ‘how …

Policymakers admit that historical ties between Africa and the Caribbean have been neglected in the commercial sphere, but a major forum in Barbados charted a new economic path | OMAR BEN YEDDER | As delegates approached the inaugural AfriCaribbean Trade and Investment Forum (ACTIF) from September 1-3, the question on …

Kampala, Uganda | THE INDEPENDENT | Local startups need to focus on niche markets that they can tap into to excel for better survival and longevity of their businesses, according to Mackinon Kabarole, Senior Manager, Business Intelligence at MTN Uganda. Mackinon, who spoke to the youth undergoing MTN Youth Skilling Program …

But the houses are too expensive for the average Ugandan Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s pension fund has placed more than 370 housing units for sale at its Lubowa Housing Project on Entebbe Road in Wakiso District but they are expensive to the average local population. NSSF Managing …

Nairobi, Kenya | THE INDEPENDENT | President Yoweri Museveni has urged leaders to continue pushing for the East African Community integration to provide an extended market in the region. President Museveni made the remarks while speaking at Kasarani Stadium in Nairobi at the swearing-in ceremony of William Samoei Ruto as the …

Kampala, Uganda | THE INDEPENDENT | Two Uganda Revenue Authority employees have been awarded 400 million Shillings as compensation for the torture they were subjected to while in detention. The two employees; Robert Asiimwe Akanga, a Customs Officer and driver Stevens Kalenga were separately arrested on allegations of stealing USD …