Business

Kampala, Uganda | THE INDEPENDENT  | Non-traditional donors, especially China are negotiating with government for funding informally and less transparently, leaving room for manoeuvring and corruption, a research paper has said. The paper, published by the Southern Voice, a network of think tanks from Africa, Asia and Latin America, says this …

Kampala, Uganda | THE INDEPENDENT  |  The second meeting between Uganda and Rwanda to address border closure issue has been called off.  According to the Uganda government spokesperson Ofwono Opondo, the meeting was called off at the request of Kigali.  He said via his twitter handle that “the media is hereby …

Mukono, Uganda | THE INDEPENDENT  |  Business grounded to a halt at Kame Valley Market in Mukono municipality following a dispute between the management and weekly vendors. The vendors who operate on Tuesday set up stands and tables to display their commodities at Kame valley market and the section of the …

Amuru, Uganda | THE INDEPENDENT  |  Amuru district authorities have ejected 103 illegal charcoal dealers and impounded 200 bags of charcoal from Attiak Sub County. The illegal charcoal dealers were rounded up in Apany Village in Okidi Parish on Monday evening in a joint operation involving Uganda People`s Defense Force-UPDF, Police …

Kampala, Uganda | THE INDEPENDENT  |  Uganda Air Cargo Corporation-UACC has reminded Parliament that it requires US$ 10 million (approximately Shillings 36.9 billion) to repair one of the two C130 air crafts, which has been grounded since 2014. The UACC Board Chairperson, Capt. John Emily Otekat made the request during an …

dfcu bank is one of the top financial institutions in Uganda offering home loans. Barbara Asiimwe has worked with the bank for close to 8 years, and currently heads its home unit. She spoke to The Independent’s Julius Businge about this topic.   What is your general assessment about the …

Johannesburg, South Africa | AFP |  British billionaire and Virgin founder Richard Branson apologised on Tuesday for posting a picture on Twitter he admitted “clearly lacked diversity” as he launched his new entrepreneurship development centre in South Africa. On Monday he tweeted a picture of himself and eight others captioned …

Kampala, Uganda | Julius Businge | Kafeero Foundation, a social enterprise organization will hold the inaugural annual Power the Next event at Kampala Serena Hotel on Nov 16. The event will showcase Uganda’s progress in implementing Africa’s fourth industrial revolution. The event organized under the theme “Connecting Business to Capital” will bring …

Masaka, Uganda | THE INDEPENDENT  |  Masaka Elders Savings and Credit Cooperative Society – SACCO Limited has lost at least 399.7 million shillings to fraud, a special financial audit has revealed. An audit report by Felbright and Company auditors read before the SACCO’s special general meeting convened in Masaka has revealed …

Despite concerns about profitability, Uber is continuing to expand in Africa and remains firmly committed to the market. General manager Alon Lits explains the e-hailing firm’s strategy to African Business Magazine’s David Thomas  As one of the highest-profile and most valuable tech IPOs in years, Uber’s May debut on the …