Business

Madi-Okollo, Uganda | THE INDEPENDENT | Up to 192,640 households in the West Nile sub-region are set to benefit from reliable electricity following groundbreaking work by a government-backed independent power developer. The project will establish a 24 MWp Solar Photovoltaic (PV) plant in Madi Okollo district. The solar plant, implemented by …

Kampala, Uganda | THE INDEPENDENT | A total of 60 youth, women, and small and medium entrepreneurs have graduated in the inaugural Enterprise Development Program of the Uganda Development Bank, with a call on institutions to “enable capital flow”. The program is a business incubator designed to prepare businesses to become …

Mbarara, Uganda | THE INDEPENDENT |  An audit report on the operations of Mbarara Central Market Vendors Savings Cooperative Society has found that part of the money donated by President Yoweri Museveni can not be traced. The SACCO received sixty million shillings from the president as a donation for startup …

Kampala, Uganda | THE INDEPENDENT |  Uganda has five new cash millionaires, courtesy of  ITHUBA Uganda, the official operator of the Uganda National Lottery. The historic first ever Ugandan LOTTO jackpot draw on August 3, 2024 produced unlikely winners, going by the two who have so far claimed their winnings …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development is in final stages of drafting a National Tax Policy. The policy expected to become public in December, will provide a set of guidelines for the taxation of goods, services and income as a vital tool …

Energy giant announces projects across Africa including Uganda, Rwanda and Malawi ANALYSIS | AGENCIES | French energy giant TotalEnergies has announced expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian renewable energy company Scatec, the company said in …

  Kampala, Uganda | THE INDEPENDENT | PostBank Uganda’s agricultural loan book has registered commendable growth of 70% over a four-year period, from Ushs. 107 billion in 2021 to a 70% growth rate by June 2024. Officials attribute the impressive performance to favorable lending rates, government support, and other contributing …

Kampala, Uganda | THE INDEPENDENT | Dubai-based developer Amea Power has started building a 24 MW solar project in West Nile. The Ituka project will be the first solar project in the West Nile region of northwestern Uganda, located on a 52-hectare site in Ombachi village, around 450 km from …

Kampala, Uganda | THE INDEPENDENT |  The British Chamber of Commerce Uganda (BCCU) has officially been launched in Uganda in a cocktail experience curated by Tanqueray Gin at the British High Commissioner’s residence in Nakasero last evening. The British Chamber of Commerce aims to promote better trade links between the …

Equity bank amplifies Watoto golf tournament with Sh10 million sponsorship Kampala Uganda | THE INDEPENDENT |  Equity Bank Uganda Limited has extended its support worth sh10 million towards the Watoto Golf Tournament set for Saturday, August 10th 2024, at the Uganda Golf Club. Organised by Watoto Church Uganda, the tournament is …