Business

New York, United States | AFP | Conventional wisdom in the Amazon era holds that the lowest price wins the battle of the retailers, leading many to just about give away items to make a sale. Yet some data suggest a more nuanced reality: while 76 percent of retailers aim …

Kampala, Uganda | THE INDEPENDENT | The High Court has allowed Parliament to permit a new firm to operate the Members restaurant and bar. High Court Judge, Lydia Mugambe Ssali dismissed an application by Hellenar’s Restaurant, the firm that had operated the Parliament Restaurant and Bar for the last three …

Moroto, Uganda | THE INDEPENDENT |  Moroto District Local government has offered more than 228.1 hectares of land for the establishment of a cement factory amidst contests from the community. The decision to allocate the land to Uganda Development Cooperation-UDC and its partners TSAVO Engineers and Savanna Mines was reached during …

  Kampala, Uganda | THE INDEPENDENT |  Members of Parliament on the Finance Committee have rejected a request of sh250 billion by the Uganda Investment Authority (UIA) to purchase 446 acres of land in Namanve. The land is intended to help expand the Kampala Industrial Business Park. Led by the …

Kampala, Uganda | THE INDEPENDENT | The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. …

  Kampala, Uganda | THE INDEPENDENT | The National Forest Authority (NFA) is worried about the recurrent replacement of natural forests with eucalyptus and pine trees in many parts of the country including wetlands. Tom Okello Obong, the Executive Director of NFA says their assessment has established a growing habit …

Kampala, Uganda | THE INDEPENDENT | A major power blackout has hit several Southwestern districts for over 24 hours crippling business. The blackout, which started on Sunday morning, has affected Ntungamo, Rukiga, Kabale, Rubanda, Rukungiri, Kanungu and Kisoro districts. In Ntungamo and Kabale districts, the outage has triggered water shortage …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity increased for December 2018 signalling improved business environment. The Stanbic Bank Purchasing Manager’s Index (PMI) for manufacturing and services rose to 56.6 for December from 55.7 recorded in the previous month owed to increased demand for various products and services. Anything …

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority has licenced 114 players to carryout insurance business this year. These includes 32 insurance companies; one Micro Insurance firm, one re-insurer, five Health Membership Organizations (HMOs), 35 insurance brokers, two re-insurance brokers and 24 Loss Assessors, adjusters, insureance surveyors and risk …

Kampala, Uganda | THE INDEPENDENT | Electricity Regulatory Authority has reduced power tariffs for consumers due strengthening shilling and easing inflation.  The domestic consumer tariff has been reduced by Shs 0.5 from Shs 769.5 shillings of the 2018 fourth quarters to Shs 769 of the first quarter of 2019. The average …