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Business news

Branson apologises to S.Africa for racially exclusionary tweet

Johannesburg, South Africa | AFP |  British billionaire and Virgin founder Richard Branson apologised on Tuesday for posting a picture on Twitter he admitted “clearly lacked diversity” as he launched his new entrepreneurship development centre in South Africa. On Monday he tweeted a picture of himself and eight others captioned …

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Uganda to host 4th industrial revolution meet

Kampala, Uganda | Julius Businge | Kafeero Foundation, a social enterprise organization will hold the inaugural annual Power the Next event at Kampala Serena Hotel on Nov 16. The event will showcase Uganda’s progress in implementing Africa’s fourth industrial revolution. The event organized under the theme “Connecting Business to Capital” will bring …

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Masaka elders’ SACCO loses UGX 400 million to fraud

Masaka, Uganda | THE INDEPENDENT  |  Masaka Elders Savings and Credit Cooperative Society – SACCO Limited has lost at least 399.7 million shillings to fraud, a special financial audit has revealed. An audit report by Felbright and Company auditors read before the SACCO’s special general meeting convened in Masaka has revealed …

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Bodies of Ugandans shot dead in Rwanda to be repatriated

Nyagatare, Rwanda | THE INDEPENDENT  |  The bodies of two Ugandan nationals who were shot dead by Rwandan security operatives will repatriated for decent burial on Tuesday.  John Bosco Tuhirirwe and Job Byarushaga, both residents of Kamwezi Sub-county were shot dead by Rwandan security at Tabarwe sector in Nyagatare district in …

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FULL TEXT: Uganda and DRC sign pact on tourism, security and infrastructure

  Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni and Felix Antoine Tshisekedi Tshilombo, the President of the Democratic Republic of Congo (DRC), have pledged to work together on joint projects that will provide jobs, facilitate trade, social welfare and security in the region. This will include the construction of …

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Vivo Energy expansion

What is in for clients, government when fuel price is going up? Kampala, Uganda | JULIUS BUSINGE | Vivo Energy, the company that distributes and markets Shell and Engen branded fuels and lubricants to retail and commercial customers in Africa   has expanded its countrywide network by adding 16 new service …

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Uganda-South Sudan border market fails to attract traders

Kampala, Uganda | THE INDEPENDENT  | Ngomoromo market in Lokung sub-county, Lamwo district remains unoccupied six years after it was commissioned. The market located at Uganda-South Sudan border was constructed in 2012 by Lamwo district local government at a tune of 52 million shillings with funding from the World Bank …

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Small scale processors in Bunyagabu struggle to stay in business

Bunyagabu, Uganda | THE INDEPENDENT  |  Small scale agro-processors in Bunyangabu District are struggling to operate. They cite lack of advanced machinery, lack of storage facilities, poor road network, high cost of production and insufficient capital, as the major challenges. Deo Musiga, the proprietor of Buka Foods Cottage Limited in Kibiito …

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