Business

There is an opportunity for private sector players to invest in Uganda’s power sector as government moves to connect more people to the national grid. Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako, the Chief Executive Officer at the Electricity Regulatory Authority has told The Independent on the sidelines of a …

Facts about the URA Tower ✅ 22 floor building ✅ Four podiums and eighteen tower floors ✅ Total 26,021 square metres ✅ Project cost sh 139 billion ✅ Car parking 12,923 square metres ✅ 5 levels for parking ✅ Car parking for 360 cars plus surface parking for 710 vehicles …

Kampala, Uganda | THE INDEPENDENT | Uganda has received a grant of sh16 billion to boost exports of coffee and cocoa to the European Union and other global markets. Finance minister Matia Kasaija and the EU head of delegation Attilio Pacifici signed the financing grant agreement this morning in Kampala. The …

Kampala, Uganda | THE INDEPENDENT | Just four months after it was rehabilitated the Kampala-Port Bell railway line has carried 40,000 tonnes of goods to and from. According to the managing director of Uganda Railways Corporation, Charles Kateeba, the 10-kilometre line, which was disused for over 10 years, needed just 800 …

London, United Kingdom | AFP | The Nigerian government is taking oil giants Shell and Eni to court in London, requesting the return of $1.1 billion (969 million euros) as part of a case of alleged corruption dating back to 2011, Bloomberg reported on Thursday. Nigeria alleges that the money …

Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent opened on Dec.02  in Cairo, Egypt, with the President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …

Washington, United States | AFP | Apple announced Thursday it will build a $1 billion campus in Texas as part of a nationwide expansion. The facility will be less than a mile from the tech giant’s existing facility in Austin and initially accommodate 5,000 additional employees, with room to grow …

Kampala, Uganda | THE INDEPENDENT | The presence of speculators in Karamoja is hampering the development of the mining sector in the region. This was revealed during the Mining Symposium organized by Ecological Christian Organization, ECO in Moroto on Wednesday. Jackson Angella Nawot, an elder and vice chairperson of Moroto District …

Nairobi, Kenya | AFP | Tanzania on Wednesday awarded a $3-billion (2.64-billion-euro) contract to two Egyptian firms to build a hydro-electric dam in a renowned nature reserve. The 2,100-megawatt scheme will straddle the Rufiji River in the Selous Game Reserve, a 50,000-square-kilometre (19,000-square-mile) protected area which was designated a UNESCO …

Kampala, Uganda | THE INDEPENDENT | Ugandan manufacturers want Uganda Revenue Authority (URA) to explain what the DTS would achieve if a manufacturing sub-sector has no counterfeits. They want URA to show if the DTS will increase revenue collection and compliance considering that the formal manufacturers are already compliant, and show …