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Ireda estate tenants protest eviction notices

Lira, Uganda |  THE INDEPENDENT | The occupants of Ireda Housing Estate located in Lira City Central Division are protesting a directive by the district asking them to vacate.   It follows a July 21st, 2020 letter authored by Lira Deputy Chief Administrative Officer directing all non- local government staffs occupying the …

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High business collapse trailing Uganda’s economy

Kampala, Uganda | THE INDEPENDENT | Knowledge gaps and the high costs of doing business remain a major hindrance to Uganda’s economic growth as most business enterprises started in the country do not survive beyond their first birthday. Ronnie Mulongo, manager Private Sector Foundation Uganda (PSFU) says that some entrepreneurs lack …

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BATU marks 20 years on stock market

British American Tobacco Uganda, perhaps the country’s popular cigarette company on Sept.10, celebrated its 20th anniversary of its trading on the Uganda Securities Exchange. Kampala, Uganda | JULIUS BUSINGE | But the company has been in operation in the country for more than 90 years. Its share price has since …

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Shilling depreciates as economic activity picks

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has started losing its strength against the US Dollar in a reverse trend that had seen the local currency remain strong during and after the lockdown period. In a trend that surprised observers, the shilling held steady when diaspora remittances, offshore …

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