Business

Mukono,  Uganda |  THE INDEPENDENT | Mukono district has failed to utilise a multi-million borehole drilling machine which was procured to increase the number of boreholes in the district. The machine was bought at a cost of 900 million Shillings from Thai Appropriate Technology Co. Ltd, six years ago.  The leadership …

Kampala,  Uganda |  THE INDEPENDENT | Budadiri West MP Nathan Nandala Mafabi has reached an agreement with the Institute of Certified Public Accounts of Uganda -ICPAU which will see his application for a practising certificate considered and his name included on the new council members. This effectively brings to a stop …

Jinja,  Uganda |  THE INDEPENDENT | Fishermen at Rippon falls along Lake Victoria in Jinja were excited by a floating bicycle which was launched by project X youth innovators on Thursday afternoon.  Project X youth innovators is a team of six university graduates who devised means of earning income by introducing …

Mityana,  Uganda |  THE INDEPENDENT | The Mityana District Covid-19 task force is on the spot for failing to pay 40 million shillings to a contractor who supplied more than 20 tons of maize flour. Following the outbreak of COVID-19, the government imposed a lockdown as one of the measures to …

Kampala, Uganda |  THE INDEPENDENT |  Dfcu Bank has shut its Lugogo Branch in Kampala after five of its staff tested positive for coronavirus (COVID-19).  The Bank said in a notice last night that “all exposed colleagues in the branch are undergoing tests and will be required to self-isolate for 14 …

Experts define outlook for the sector amidst COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | What is the future of agribusiness given the prevailing effects brought about by coronavirus pandemic? How can agribusiness enterprises weather these effects and remain profitable while contributing growth of the economy? These are some of …

Kampala, Uganda |  THE INDEPENDENT  The Uganda Revenue Authority-URA board has appointed new commissioners to replace those fired in May 2020. The appointments made after the August 26, 2020 sitting saw Abel Kagumire appointed as the commissioner customs. Kagumire had been acting in the position since early this year. Richard Kariisa  has …

Kampala, Uganda | THE INDEPENDENT | Since its establishment in 2011, the Uganda Retirement Benefits Regulatory Authority (URBRA) has overseen the growth of the retirement benefits sector which, as at end of 2019, contributed 10.3% of Uganda’s Gross Domestic Product (GDP). The sector remains vibrant with an average annual growth rate …

Addis Ababa, Ethiopia | XINHUA | African businesses are shifting towards new technologies in response to the ongoing COVID-19 pandemic, according to a new report published by the United Nations Economic Commission for Africa (UNECA). The report, which was jointly published by the UNECA and the International Economics Consulting Ltd., …

Arua, Uganda |  THE INDEPENDENT  Transport is paralyzed between Arua City and the Democratic Republic of Congo- DRC following the breakdown of the major bridge connecting the two areas.  Pajulu bridge, which crosses River Enyau caved in because of heavy rains and flooding.    The temporary bridge is believed to have …