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Uganda has over 500 billionaires – Knight Frank report

Kampala, Uganda | THE INDEPENDENT |  A report by estate agent Knight Frank indicates that 494 Ugandans each own wealth worth at least $500,000 (1.8bn Uganda shillings). The index shows the minimum threshold. This means that of the 494 individuals, there are those that own wealth in the excess of USD1m …

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Heavy rains destroy property in Kikindu market

Mbale, Uganda  | THE INDEPENDENT |  Heavy rains have destroyed property worth millions in Kikindu market in Northern Division, Mbale Municipality.       The rains which lasted for over three hours on Wednesday resulted in flooding of shops, kiosks and stalls leaving vendors counting losses.   Some of the destroyed merchandise …

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Traded goods worth UGX 2.5 trillion undetected annually – Report

Kampala, Uganda  | THE INDEPENDENT |  Deliberate falsification of invoices and manipulation of customs rules by organizations and individual traders is costing Uganda trillions of shillings in revenue, a new study has shown. A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade …

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Amuru RDC dragged to court over impounded charcoal

Amuru, Uganda  | THE INDEPENDENT |  A Kampala based businesswoman, Sumbuwa Shamim Lala, has dragged Amuru Resident District Commissioner– RDC and Amuru District Local Government to Court for impounding his charcoal. Through Alaka & Company Advocates, Sumbuwa is demanding a compensation of 38,270,000 million Shillings in special damages suffered after the …

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Dusty road Irks Kalungu town council residents

Kyamulibwa, Uganda  | THE INDEPENDENT |  Traders in Kyamulibwa and Kalungu town councils in Kalungu district are up in arms of the sorry state of the road that runs through their area. They claim that the road is very dusty and filled with potholes, which affects their businesses and traffic flow.  …

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Coca-Cola Beverages Africa boosts women in business

Kampala, Uganda | Julius Businge | In a bid to boost trade CocaCola Beverages Africa has (Feb.27) handed over coolers to women as part of its corporate social responsibility function. The company has this year alone issued out 1851 coolers to its customers across the country to aid their sales and boost …

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