Business

Jinja, Uganda | THE INDEPENDENT | Umeme has reduced the cost of electricity to the domestic user by sh3 and 4 cents per unit effective July, for the next three months. This is after the Electricity Regulatory Authority (ERA) approved new End-User Tariffs to be charged by Umeme Limited for …

Kampala, Uganda | THE INDEPENDENT | Private sector players have charged government to implement policies that support recovery of businesses especially in the midst of the pandemic. The second wave of the COVID-19 pandemic in Uganda continues to threaten the economy as infection rates rise to 77,505 and reported deaths …

Buvuma, Uganda | THE INDEPENDENT | Buvuma Island Member of Parliament Robert Migadde Ndugwa has urged members of his community join him in embracing oil palm growing in order to transform their area economically. Miggade is one of the out grower scheme oil palm farmers registered in Buvuma with 13 …

Unveils Shs9.25bn packaging line to boost production, market access Kampala, Uganda | JULIUS BUSINGE | Pearl Dairy Farms Limited, the processor and manufacturer of Lato Milk branded products has unveiled a new Shs9.25billion Tetrapak Edge production line to its Mbarara based factory. Company executives said on June 29 that the …

BrighterMonday Uganda Limited CEO, Brian Ntambirweki spoke to The Independent on how the company is using technology to connect employers to best candidates and job seekers. Briefly talk about BrighterMonday Uganda? BrighterMonday Uganda was established in 2015 and quickly became the best job site in the country. In 2016, BrighterMonday …

The company plans to finance a new kiln and artificial dryer at Kajansi and Kamonkoli to boost production Kampala, Uganda | JULIUS BUSINGE | Shareholders of Uganda Clays Limited will earn Shs1.2bn (Shs1.35 per share) as dividend for the year ended December 30, 2020, following approval from the virtual Annual General …

The spending plan comes at a time the COVID-19 pandemic has ravaged economies through lockdowns | THE INDEPENDENT | The East African Community has tabled before the East African Legislative Assembly a US$91.7milion proposed budget for the Financial Year 2021/22 compared with US$97.6 million in the Financial Year 2020/21, with a …

Mbale, Uganda | THE INDEPENDENT | Thirty-seven beneficiaries under the Northern Uganda Social Action Fund (NUSAF) project in Bushiribo Sub County Bududa district have been forced to replace the animals they had sold off. Last year, the beneficiaries disposed of more than 40 heifers they received under NUSAF3. The missing …

Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …

  Tehran, Iran | Xinhua | Iran will increase its oil production to pre-sanctions level “as soon as possible,” the country’s Minister of Oil Bijan Zanganeh said Friday, official news agency IRNA reported. “Whenever the sanctions are lifted, we will return to the market in the shortest possible time and …