Business

NAIROBI, KENYA | Xinhua | Kenya’s economy grew 5 percent in 2023, up from 4.8 percent in 2022 despite continued challenges, the World Bank said in a report released recentlyy. According to the World Bank’s 28th edition of Kenya Economic Update (KEU), the improved growth was buoyed by a strong …

Kampala, Uganda | THE INDEPENDENT | In a landmark move aimed at enhancing value addition to Ugandan minerals before export, the Minister of Energy and Mineral Development, Dr. Ruth Nankabirwa Ssentamu, has signed a new statutory instrument that sets higher purity levels for tin exports. The instrument was signed at the …

KAMPALA | Xinhua | China National Offshore Oil Corporation (CNOOC) Uganda Limited said on Friday that it welcomed Uganda’s recent license granting for the company to construct the liquidized petroleum gas (LPG) facility on the shores of Lake Albert in western Uganda. Earlier this week, a cabinet meeting chaired by …

  Kampala, Uganda | THE INDEPENDENT |  Uganda Breweries Limited (UBL) and SafeBoda have partnered to deliver UBL products directly to consumers during the festive season. Emmy Hashakimana – UBL’s Commercial Director – said, “This partnership is timely as our customers get to enjoy the festivities with the best quality products …

  Kampala, Uganda | THE INDEPENDENT |  As the country gears up towards the Christmas and New Year festivities, Uganda Breweries Limited (UBL) has launched the Tokisussa “Drink Responsibly” campaign in which the organisation sensitises the public about the dangers of drunk driving, and the potential consequences of drunk driving, …

Kampala, Uganda | THE INDEPENDENT |  Three Ugandans have got an early Christmas present, after winning themselves a Toyota Hiace and two new motorbikes (boda bodas) in the Shell Club promotion. Vivo Energy Uganda, the leading distributor and marketer of Shell-branded fuels and lubricants in Uganda, announced the the latest winners of …

Kampala, Uganda | THE INDEPENDENT |  At least half a million Ugandans, can now access mobile telecommunications services using high-quality mobile phones assembled in Uganda.  Mione, a mobile device manufacturer, with an assembling plant in Mbale City, in Eastern Uganda, has sold at least 500,000 feature phones in Uganda, following the …

Kikuube, Uganda | THE INDEPENDENT | Cabinet has approved China National Offshore Oil Corporation- CNOOC Uganda Limited to proceed with the construction of a Liquefied Petroleum Gas (LPG) facility in the Kingfisher development area.  The state minister in charge of national guidance, Godfrey Kabbyanga revealed this during the cabinet briefing at …

Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Minister of Finance, Planning, and Economic Development has underscored the importance of Uganda’s oil and gas exploration, emphasizing an unwavering commitment to the project’s seamless progression. During a visit to the Kingfisher Development Area (KFDA) in Buhuka village, Kyangwali sub-county in Kikuube district …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has commended Joseph Anthony Zziwa, the Bishop of Kiyinda-Mityana Diocese for working with the government in fighting poverty through socio-economic development programs. “Thank you for your slogan and those projects. I have been telling you that yes be religious but hardworking, so …