Business

Amuru, Uganda | THE INDEPENDENT |  Smallholder farmers with vast land in Amuru District have ventured into cashew nuts growing in a bid to diversify crop production and income. The enterprise follows the outcome of a meeting in which three farmers from the District met President Yoweri Kaguta Museveni in 2018 …

Kabale, Uganda | THE INDEPENDENT |  Mechanics, Taxi and Bus operators in Kabale town are up in arms against the municipal authorities for forcefully relocating them to Mwanjari cemetery in Southern division. The mechanics were spread in the three divisions of Kabale Municipality while the Taxi and Bus operators have been …

Amuru, Uganda | THE INDEPENDENT |  Rampant theft of construction materials and adverse weather has impeded the ongoing construction of the 66 kilometer Atiak-Laropi road, which connects Amuru and Adjumani districts.  The Government and European Union-EU sunk Shillings 16.3billion into upgrading the road that runs from the Gulu-Atiak-Nimule highway junction to …

CNOOC, dfcu points at post Final Investment Decision prospects Kampala, Uganda | JULIUS BUSINGE | dfcu Bank held a half day engagement for its clients and stakeholders in the oil and gas sector on Apr.28 following the government’s bold step to sign key agreements that will see the country get …

Kampala, Uganda | THE INDEPENDENT |  The Chief Executive Officer at Agency for Transformation (AfT), Morrison Rwakakamba has been appointed as the new board chairman of the Uganda Investment Authority (UIA). Rwakakamba who has also been a board member of UIA will start his term of office on June 1, 2021 …

NRM MANIFESTO WEEK |  The Ministry of Finance, Planning and Economic Development (MoFPED) listed its top achievements in the last five years during the 2021 Manifesto Week at the Office of the Prime Minister in Kampala. Presenting the achievements, the Minister of Finance, Matiya Kasaija, said on the target of …

Soroti, Uganda | THE INDEPENDENT |  Fishermen in Kamuda Sub County in Soroti district have voluntarily surrendered 15 illegal fishing gears to the Fisheries Protection Unit-FPU. The fishermen first surrendered the illegal fishing nets to the LC I chairperson of Aboket landing site on Lake Kyoga.   The LC I chairperson invited …

Busia, Uganda | THE INDEPENDENT |  Artisanal Small Scale Miners in Tiira Town Council, Busia district are struggling to pay and renew mining licenses with the Directorate of Geological Surveys and Mines.  The Directorate introduced the Mining Cadastre Portal to ease the processes of registration, application and renewal of licenses among …

Players question UNBS’ ability to enforce standards | THE INDEPENDENT | Dealers in solar home systems that do not meet the newly completed standards face prosecution and fines under the amended law. The Uganda National Bureau of Standards recently released the new standards – US IEC TS 62257-9-8 and IEC …

Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …