Business

Soroti, Uganda |  THE INDEPENDENT |  The newly constructed Soroti Main Market is expected to boost local revenue collection in Soroti City.  The 27 Billion Shillings market was constructed under the Market and Agricultural Trade Improvement Program Project-2 MATIP-2 with funding from the African Development Bank.  Constructed by TECHNO 3 Uganda …

Apac, Uganda |  THE INDEPENDENT |  More than 5,000 residents neighbouring Maruzi Ranch in Apac district are living in fear after the proprietor of Hill Side Agricultural Investment Limited stopping them from grazing on the land.  Maruzi land measuring approximately 64 square kilometres has been home to more than 1,500 squatters …

Mbale, Uganda |  THE INDEPENDENT |  The Bugisu Cooperative Union- BCU board has been given another term in office.  Initially, the term of office for the board was two years, but Parliament this year amended the Cooperative Act and the term extended to four years.  On Friday, BCU members who attended …

Kampala, Uganda | THE INDEPENDENT | Online traders in Uganda risk losing the market or even discourage online shopping all together over persistent failure to fulfill the expectations of the online customers, according to trade and digital innovation experts. The growth of online business has picked up pace during the lockdown …

Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …

Facility will rent space for servers and computing hardware to businesses Kampala, Uganda | RONALD MUSOKE | Raxio Data Centre has become the first tier-3 certified data centre in Uganda upon completing a thorough assessment and evaluation by British and American experts last month. This makes the Namanve-based facility the …

As African industrialisation progresses and Covid-19 impacts on long supply chains, the notion that African economies should produce more locally is gaining traction. Liam Taylor reports. Every time a foreign dignitary visits Cipla Quality Chemical Industries Limited (CiplaQCIL), they plant a tree. Visiting presidents show up so frequently that the grassy verge …

Lending to be directed to sectors crucial to socio-economic development including SMEs, trade, industry and agri-business Kampala, Uganda | JULIUS BUSINGE | Interest rates have risen over the past two quarters this year but commercial bank executives say current levels are still fair to both lenders and borrowers. The latest …

Buvuma, Uganda |  THE INDEPENDENT |  More than 20 residents in Buvuma have raised concerns after the National Oil Palm Project- NOPP started clearing their land without compensation. The residents are seeking government intervention to ensure that they are paid before the project starts.  Although NOPP plans to secure 6, 500 hectares …

  Ugandan micro, small and medium enterprises working within the petroleum sector have received US$ 500,000 (Shs 1.85bn) from the African Development Bank to boost their chances of partaking of the opportunities that will accrue during the construction of the East African Crude Oil Pipeline (EACOP) project. Kampala, Uganda | …