Business

Kampala, Uganda | THE INDEPENDENT | As the country slowly emerges from a two-months lockdown, there is now a sense among business leaders that things might be getting better according to a survey sponsored by Stanbic Bank. The Purchase Managers Index (PMI) rose to 41.9 points in May from the …

Pearl Dairy resumes milk processing  THE INDEPENDENT | JULIUS BUSINGE | Pearl Dairy Farms Limited has resumed operations after nearly four months of no activity. The company had suspended milk processing until further notice at the beginning of the year (2020) after Kenya blocked the entry of its processed milk …

eSports – competitive video gaming tournaments – are enjoying unprecedented growth under lockdown and South Africa could be a staging post for their expansion across the continent. Will McBain reports | THE INDEPENDENT | Johannesburg resident Sam “Tech Girl” Wright kept her passion for video gaming a secret in high …

Gross underwritten premiums to plummet in 2020 THE INDEPENDENT | ISAAC KHISA | A surge in claims and management expenses saw Uganda’s nonlife insurance firms record 8% drop in profit to Shs17.93bn for the year ended Dec.2019. However, the industry executives said there is nothing to worry about since the …

London, United Kingdom | AFP | Global stock markets built on strong pre-weekend gains on Monday as optimism that economies are emerging from coronavirus gloom kept buyers onside. On Wall Street, the Dow index was up just over 200 points at the opening bell, while in Europe London and Frankfurt were …

Buikwe, Uganda| AFP |  THE INDEPENDENT |  The current lockdown has taken a huge toll on Najjembe Meat and Chicken Vendor’s Savings and Credit Co-Operative-Sacco in Buikwe district. The Sacco, which comprises more than 300 depositors, has been operational for the last three years. The members have depositing between Shillings 10,000 and …

Masaka, Uganda| AFP |  THE INDEPENDENT |  Moses Kaliisa alias Muto, the proprietor of Muto and Twin-Tower Business Complexes in Masaka Municipality has waived off the rent fees for his tenants affected by the lockdown for the month of March and April, 2020. In a memo sent out to at least …

Kasesea, Uganda| AFP |  THE INDEPENDENT |  The Fisheries Protection Unit in Kasese district has arrested two suspects for smuggling immature fish. The two were apprehended at a check point along Kikorongo-Kasese road in Lake Katwe Sub County on Friday while smuggling premature fish on a canter truck registration number UBG …

Kampala, Uganda| AFP |  THE INDEPENDENT |  Ever since President, Yoweri Museveni announced the compulsory wearing of face masks in public to avoid the spread of Covid19 several people have taken advantage of the increased demand to produce fabric masks. It is common to find vendors lining the streets with various …

Kampala, Uganda| AFP |  THE INDEPENDENT |  Taxi Operators in Kampala are struggling to implement Covid-19 preventive measures. The operators resumed work on Thursday following a three month’s suspension of public transport by government to contain the spread of Covid19. While lifting the suspension on public transport on Monday this week, …