Business

Kampala, Uganda | THE INDEPENDENT |  The government spending plans have fallen short by sh3.337 trillion in the first seven months of this financial year, as revenue mobilization continues to be a thorn in government operations. This failure to meet its spending targets, made it worse for project implementation, as …

Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has officially flagged off two innovative programs aimed at supporting businesses to access finance, fostering economic growth within Uganda’s dynamic SME sector. Dubbed the Stanbic Accelerator Program (SAP) and the Supplier Development Program (SDP), the two are under the implementation …

BEIJING | Xinhua | China remained the top merchandise exporter in 2023 for the seventh straight year with its share in world exports at 14.2 percent, almost the same as the level in 2022, the Ministry of Commerce said. The ministry made the remarks in response to the latest edition …

However, the growth is insufficient to have a significant effect on poverty reduction ANALYSIS | AGENCIES | Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating …

Tourism services are still generally poor and there is a need for investment especially in tour guiding, site interpretation, food and beverage services Kampala, Uganda | JULIUS BUSINGE | A comprehensive report released by the Petroleum Authority of Uganda has advocated for significant reforms in the tourism and oil and gas …

Kampala, Uganda | THE INDEPENDENT |  The Uganda National Bureau of Standards (UNBS) has certified and awarded Mandela Millers with an ISO 22000 certification for its food safety and quality standards.   Patricia Bageine Ejalu, the Deputy Executive Director of Standards at UNBS, represented the Executive Director at the award …

SHANGHAI | Xinhua | China’s economy is likely to keep expanding, and there is reason for strong confidence in its medium and long-term growth prospects, said Jose Vinals, chairman of Standard Chartered Group, in a recent interview with Xinhua. During his seventh visit to China in the last 13 months, …

The country’s total export values to the UK have been on a declining trend from US$ £42.3m in 2011 to £13.6m in 2023, most agricultural products Kampala, Uganda | THE INDEPENDENT | Uganda cut flower exports now have access to the United Kingdom market tariff-free following the latter’s decision to suspend …

Kampala, Uganda | THE INDEPENDENT | On April 12, the East African Crude Oil Pipeline (EACOP) signed an MoU with the Ministry of Water and Environment to cooperate on various conservation initiatives in the 10 Districts traversed by the Pipeline. As part of this cooperation, EACOP is also joining the Running …

Some traders lack the digital skills to navigate the new system Kampala, Uganda | THE INDEPENDENT | Kampala’s Kikuubo trading hub was markedly quiet most of last week, a significant deviation from its usual bustling activity. The once vibrant shops, known for their colourful fabrics, utensils and scholastics were closed, with …