Business

Masaka, Uganda | THE INDEPENDENT | There is a bitter row among milk traders in Masaka city over the sharp variation in the market prices. A section of milk traders under the Masaka Milk Dealers Association have petitioned Masaka City council authorities to intervene and protect them from exploitation by unknown …

Washington, US | THE INDEPENDENT | The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda in an amount equivalent to US$1 billion to support the post-COVID-19 recovery and the authorities’ plan to increase households’ incomes and inclusive growth by …

Shareholders with more than 12.5% shareholding to nominate a Director Equity Group Foundation to nominate a Director to the Board. Up to three Executive Directors to sit on the Board. Group to pay out 30% to 50% of its Profit After Tax as dividends to shareholders Nairobi, Kenya | THE …

Los Angeles, USA | XINHUA | Universal’s action film “F9: The Fast Saga” dominated North America box office with a huge 70 million U.S. dollars opening from 4,179 theaters, smashing pandemic-era weekend box office record in the region. According to studio figures collected by measurement firm Comscore, it’s the biggest …

Mayuge, Uganda | THE INDEPENDENT | Police in Mayuge district is investigating circumstances under which 10 fish ponds belonging to Mayuge Integrated Fish Farm were poisoned leading to the death of 51,000 pieces of fish valued at 350 million Shillings. The farm, owned by a group of 30 youths, had …

Stanbic defies energy transition, promises to finance oil and gas developments Kampala, Uganda | THE INDEPENDENT | Stanbic Bank says it will give capital for oil and gas developments in Uganda. The bank’s stand comes amidst growing opposition against fossil fuels including oil and gas in favor of renewable energy. …

Manufacturers, experts want government to put in place protective measures | THE INDEPENDENT | How can Uganda take advantage of regional markets to boost economic activities? How best can the private sector work with government to tap into business opportunities in the East African region and beyond? These are pertinent …

Seruwo Solomon is the Marketing and Business Development Manager for Bukoola Chemical Industries Limited. He spoke to Julius Businge about the company’s operations and opportunities for the 2021/2022 national budget:  Briefly, talk about Bukoola Chemical Industries Ltd operations in Uganda? Bukoola Chemical Industries is one of the oldest and largest …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority have agreed that there is a need to quickly centralize the collection of government revenues within the East African Community. Article 32 of the EAC Common Market Protocol provides for the harmonization …

COMMENT | Patricia Kiconco | It’s easy for any business to tout away how it runs on a customer-centric approach and how customer is king. Appreciating the value of the customer to any business is one thing but how an organization structures its interaction with the customer, and the measures devised …