The financing shall facilitate clean energy generation and the adoption and purchase of innovative clean energy technologies that directly impact peoples’ health, incomes and the environment. Kiboga, Uganda | THE INDEPENDENT | Households, Educational institutions and Commercial enterprises are set to benefit from a new clean energy financing product at …
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Nairobi, Kenya | Xinhua | The African Continental Free Trade Area (AfCFTA) on Tuesday said it will promote the use of local currencies in order to boost trade amongst African countries. Prudence Sebahizi, the Chief Technical Advisor at the AfCFTA Secretariat told journalists in Nairobi, the capital of Kenya that currently …
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Kampala, Uganda | THE INDEPENDENT | The Kampala Capital City Authority (KCCA) launched a new law that prohibits the exploitation of children. Known as the Kampala Capital City Child Protection Ordinance 2022, the law criminalizes children loitering in public places, begging or soliciting, vending or hawking and bans the sale …
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Mbarara, Uganda | THE INDEPENDENT | More than 300 vendors have missed out on the newly verified Mbarara Central Market list. Two weeks ago Raphael Magyezi, the Local Government Minister appointed a 25-member committee chaired by the Acting Principal Commercial Officer Joseline Kiconco to carry out a new verification of …
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Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed with costs an application by Kampala businessman Patrick Bitature for a temporary injunction to restrain his creditors of M/s Vantage Mezzanine Fund II Partnership from selling, alienating, disposing of, taking possession, or any action against his properties. On May 18, The Daily Monitor newspaper advertised the sale by public …
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Nairobi, Kenya | Xinhua | The Russia-Ukraine conflict is hurting the performance of East Africa’s business community due to the rising prices of key commodities, the regional apex lobby said Tuesday. John Bosco Kalisa, the chief executive officer of the East African Business Council (EABC), told journalists in Nairobi, the capital …
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Kampala, Uganda | THE INDEPENDENT | ‘We must budget for compulsory primary school education and stop these greedy teachers from sending children back home’, President Yoweri Museveni has urged lawmakers. ( read full budget speech bottom) This was in his address to Parliament following the presentation of the 2022/2023 financial year budget …
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Kampala, Uganda | THE INDEPENDENT | The persistent high cost of fuel contributed to negative private sector activity in May with the Stanbic Headline Purchasing Managers Index (PMI) dropping to 51.5 from to 53.9 recorded in April—readings above 50.0 mean improvement in business conditions on the previous month while readings that …
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BUDGET summary 2022/23 ➡ Shs.48,130.7 billion ❇Domestic revenue: Shs.30,797.3 bn with Shs.23,754.9 bn as tax revenue & Shs.1,795.9 bn as non tax revenue. ❇ Domestic borrowing is Shs.5,007.9bn ❇ Budget support is Shs.2,609.2bn ❇External financing for projects amounts to Shs.6,716 bn of which Shs.4,625.7bn is from loans & Shs.2,090.5 bn …
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Air travel remains out of reach for the average Ugandan citizen. However, in an attempt to demystify the aero plane, Vilakazi Safaris, a local tour and travel company together with Uganda Airlines, wants to change all that by taking enthusiastic local travellers on one-hour joy tours around Uganda. One such …
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The Independent Uganda: You get the Truth we Pay the Price