Business

Washington, US | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address …

The challenge is that only two sub counties will be selected in the selected districts Kampala, Uganda | ISAAC KHISA | Like in most communities in Uganda, rural women in West Nile and Karamoja regions have limited access to resources to cater for their families. They have to search for …

Lagos, Nigeria | AFP | The two men in the motorised wooden canoe look around warily as they leave a towering shipwreck in the Lagos lagoon, with the barrels of oil on board barely concealed under rags. The rusting hulk of iron and peeling paint has been battered by the …

Economists support its revival but remain skeptical about its success as a business   Kampala, Uganda | JULIUS BUSINGE | Uganda Airlines will soon be back in the skies again but the questions remain on how the national carrier will avoid the past mistakes that led to its liquidation 18 years …

Washington, United States | AFP |  American Airlines announced Sunday it would scrap some 115 flights per day in the coming months because its fleet of Boeing 737 MAX planes is being grounded until August 19. America’s leading airline had previously only planned to keep the planes out of commission …

Soroti, Uganda | THE INDEPENDENT |  President Yoweri Museveni has advised farmers in Teso Sub-region that growing citrus fruits is the best way to improve their household income and transform their livelihood. The President said that the production of citrus fruits in Teso sub-region alongside fish farming and poultry keeping can …

  Kampala, Uganda | THE INDEPENDENT | The Executive Director of Uganda Industrial Research Institute Prof. Charles Kwesiga has told upcoming young entrepreneurs to be on the lookout for funding and other supporting opportunities to realize their dreams. Speaking at the ‘Academia Meets Industry 2019 two-day convention’ held in Kampala …

Kampala, Uganda | THE INDEPENDENT | The Central Bank has allayed fears that the ongoing investigations into the activities of Post Bank Uganda Limited could be unfavourable for customers and clients. A statement issued this evening by the Central Bank indicates that The Bank of Uganda is working very closely …

  Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has rolled out its digital tax stamps initiative geared at combating illicit trade and seal revenue leakages. Clare Musiime Bakanga, the URA head of change digital tracking solutions said many traders and businesses are being challenged by unfair competition …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) is seeking an additional funding of sh66.3 billion shillings to improve its operations. The request for more funds in the coming financial year 2019/2020 was on Thursday tabled before Parliament’s Finance Committee by the URA Commissioner General, Doris Akol. The …