Business

Despite the challenges the industry faces now, it’s upon the players and stakeholders in the sector to keep reminding themselves of what the tourism sector is and has been for many years COMMENT | Lilly Ajarova |  In my opening address at this year’s 5th Pearl of Africa Tourism Expo (POATE) …

The bank’s net profit increased from US$275.9million in 2018 to US$315.3million last year Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank, has unveiled a US$3-million grant to complement continental efforts to combat the COVID-19 pandemic. The Bank’s President Prof. Benedict Oramah, who made the announcement in …

In too many countries, transmission and distribution remain the responsibility of badly managed state utilities. Gridworks CEO Simon Hodson explains to David Thomas how his organisation plans to invest to make the sector commercially sustainable In the barren, rocky wasteland at the southern edge of Kenya’s remote Lake Turkana sit the whirring turbines …

  Analysts say the proposed budget should focus on key sectors that support revamping the economy Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Over the past six weeks, Uganda has been in a total lockdown. Shops, except pharmacies and agro vets, had been shut. Transport paralysed. Hotels switched …

The third edition of IATF has also been postponed from 2022 to 2023 to be in line with the two-year intervals between IATF events. Kampala, Uganda | ISAAC KHISA | Owing to the ravaging COVID-19 pandemic, the African Export-Import Bank, the African Union and the Rwandan government have decided to …

Kampala, Uganda | THE INDEPENDENT | Ugandans were charged high prices for goods and services in April compared to what they spent in March, a survey by Uganda Bureau of Statistics (UBOS) has said. UBOS’ Consumer Price Index (CPI) for April 2020, which measures what Ugandans pay for various goods …

Kampala, Uganda | THE INDEPENDENT | Tropical Bank Uganda has become under-capitalized after it posted the biggest loss in the banking sector this year. The bank which first opened in the country in 1973 as Libyan Arab Uganda Bank is now below the required minimum capital by 3.8 bn according …

Kisoro, Uganda |  THE INDEPENDENT |  Water consumers in Kisoro district are protesting hiked water fees by agents. Kisoro district is serviced by Chuho water plant, which supplies 2,200,000 liters of water each day. The plant supplies water to Nyakabande, Nyarusiza, Chahi, Nyakinama,Muramba Sub counties and Kisoro Municipality among others. The …

  COMMENT | Martin Sabiiti | According to the Uganda Association (UAERA) for External Recruitment Agencies there are over 140,000 Ugandans working in the Middle East. The number could even be higher when you factor in those who are trafficked and can’t be properly accounted for. The story of labour export has …

Kampala, Uganda | Julius Businge | Carrefour, operated by Majid Al Futtaim in Uganda, has joined forces with Africa’s leading e-commerce platform Jumia, through its subsidiary Jumia Food, to provide Carrefour customers with a secure and convenient way to have their orders delivered to their homes. The partnership comes as the …