Business

  Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has defended petroleum distribution companies in Uganda against accusations that they are overcharging motorists for fuel products. The ministry says that it is still convinced that the fuel product distributors are well within acceptable margins, but that …

Currently, a box of tomatoes is going for between Shs4,000 to 6,000 from Shs35,000 to 40,000 last season Lira, Uganda | THE INDEPENDENT | Tomato farmers in Lango sub region are counting losses following the drop in prices of tomatoes. The sub-region has had surplus production of the perishable goods …

MTN raises share-buy limit to Ushs20m a day, talks of good Rresponse to IPO Kampala, Uganda | THE INDEPENDENT |  Telecom company, MTN has made a last-minute ditch to attract as many applications for the company’s shares as possible, with the closure of the Initial Public Offer, IPO, coming to …

Nairobi, Kenya | Xinhua | Kenya on Friday urged the local manufacturing community to expand the range of products available in readiness for the expansion of market opportunities in Africa, Europe and the Middle East. Betty Maina, the Cabinet Secretary at the Ministry of Industrialization, Trade and Enterprise Development, called …

Luwero, Uganda | THE INDEPENDENT | The Ministries of Health and Education are due to handover all government-funded projects to the army’s engineering unit for implementation by the end of this month. This is part of the directive of President Yoweri Kaguta Museveni earlier in the year, that the construction …

Kampala, Uganda | THE INDEPENDENT | At least 8 out of 10 women in Uganda have experienced some form of violence at their places of work, according to a new study done by the Uganda Bureau of Statistics (UBOS). The study was conducted between February 2020 and February 2021, on …

  Major UDBL media campaign on TV, Radio and online invites Ugandans to connect with national spirit with messages of hope and change Kampala, Uganda | THE INDEPENDENT |  The Uganda Development Bank Limited (UDBL), the country’s national Development Finance Institution, has unveiled a thematic campaign aimed at drawing attention to …

SAATM is designed to lift restrictions on market access in Africa and to remove restrictive bilateral air service agreements (BASAs) between state pairs COMMENT | DEREK NSEKO | This week marked exactly 22 years since the signing of the Yamoussoukro Decision (YD). For those with interest in the African aviation industry, …

  Nobert Kagoro, the country managing partner at Deloitte Uganda spoke to The Independent about the forthcoming fifth edition of chief financial officer awards. What should the public look out for in the forthcoming 5th edition of Chief Financial Officer Awards? The fifth edition of the CFO Awards have brought …

The company recorded Shs 2.8billion profit for the half year period Kampala, Uganda | ISAAC KHISA | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, recovered Shs 2.5billion from the Zambian government for the drugs supplied in 2018, helping the company to record a profit from the second time since listing …