Business

Kampala, Uganda |  THE INDEPENDENT |  The Minister of State for Foreign Affairs Henry Okello Oryem has said they are tired of pleading for money from the Ministry of Finance. The Ministry has been allocated 30 billion Shillings out of a 58 billion Shillings request to facilitate its activities for the …

Kampala, Uganda | THE INDEPENDENT | Vision Group’s Managing Director and CEO Robert Kabushenga will hand over office in 90 days time, after asking for early retirement. Vision Group, Uganda’s leading media house, issued a statement explaining the decision of their long-serving CEO. Kabushenga was only the company’s second CEO, having …

Kampala, Uganda |  THE INDEPENDENT |  The East African Community will have to do with a smaller budget for this year than earlier planned, after the Legislative Assembly (EALA) cut the Budget Estimates for the Financial Year 2020/21, by more than USD 6 million.  The decision puts to an end the …

Amuru, Uganda |  THE INDEPENDENT |  Amuru District local government has failed to acquire land for the establishment of an irrigation scheme.   The irrigation scheme was to be funded by the Islamic Development Bank at 70 Billion Shillings in partnership with the Ministry of Water and Environment. The district executive committee …

Kampala, Uganda |  THE INDEPENDENT |   The Parliamentary Commission is seeking additional funding totaling sh249.52 billion to among other things procure 13 vehicles including those for the Speaker and Deputy Speaker, their lead and backup cars and the entitled Directors and Assistant Directors. According to a Legal and Parliamentary Affairs …

Kampala, Uganda |  THE INDEPENDENT |  Uganda has displaced India as the number one Coffee supplier on the Italian market. India is the seventh world leading Coffee producer with 348,000 metric tonnes per year, while Uganda follows in eighth position with 288,000 metric tonnes produced per year. But Uganda has the …

Kampala, Uganda |  THE INDEPENDENT |  Fire has gutted the Royal Foam Mattress factory in Kyambogo destroying mattresses and property worth millions of shillings.  Residents told URN that they saw a huge cloud of smoke as fire ravaged the factory this morning. It was still unclear whether there any causalities by …

📌 February 6, 2021 – AUC elections Addis Ababa, Ethiopia | THE INDEPENDENT | Uganda’s Prof. Pamela Kasabiiti Mbabazi is one of eight who have been nominated to contest as Vice Chairperson in next week’s African Union Commission (AUC) elections in Addis Ababa. Prof. Mbabazi,51, is the Chairperson of the National Planning Authority …

Kampala, Uganda |  THE INDEPENDENT |  The Minister of Energy and Mineral development Mary Goretti Kitutu has disclosed that the Final Investment Decision (FID) for oil production will be taken before the end of March 2021. Kitutu made the disclosure during an interface with the Parliamentary committee on Natural Resources on Wednesday …

Kampala, Uganda |  THE INDEPENDENT |  The Bank of Uganda has lost an application in which it sought to join as ‘Amicus Curie’ (Friend of the Court), the ongoing appeal by Diamond Trust Bank against Ham Enterprises, a company owned by businessman Hamis Kiggundu. The court was sitting to hear  an …