Business

  Government drafting guidelines to deal with defaulting retail chains    Kampala, Uganda | JULIUS BUSINGE | Supermarkets in Uganda have made it a habit not to pay or delay payments to suppliers of goods and services in time but that will soon come to an end once the government’s proposed …

UTL: Finance Minister, PS Muhakanizi says the new move is to drive internet price cuts in the country Kampala, Uganda | ISAAC KHISA | Uganda government’s new  plan to procure all mobile and fixed telephony communication services as well as internet from Uganda Telecom Limited (UTL) at a lower price is …

Kampala, Uganda | THE INDEPENDENT | The annual Uganda International Trade Fair organised by Uganda Manufacturers Association (UMA) is this year celebrating its Silver Jubilee from October 3- 10 at the show grounds in Lugogo. The Fair offers an international marketing platform for multi-sectoral goods and services from within and …

Kampala, Uganda | THE INDEPENDENT | Metropole Uganda (Ltd), a credit reference bureau services provider, is set to unveil an online service that will enable borrowers check their credit ratings via mobile phones. Credit rating reports normally profiles borrowers and their abilities to pay back debt and are therefore used …

  Kampala, Uganda | THE INDEPENDENT |  The MTN Innovation Awards that recognize digital innovation in the country are back. The telecom firm called for entries for the awards of 2017 on Sep 22 seeking to recognize both mobile and web-based applications developed by Ugandans in at least seven categories. The …

Kampala, Uganda | THE INDEPENDENT | Cooperatives in Uganda are in need of a new law to protect and make them more efficient, according to Ivan Asiimwe, the secretary general of Uganda Cooperative Alliance. Asiimwe, who was speaking during the  UCA’s 50th Annual General Meeting held at Grand Imperial Hotel on …

Kampala, Uganda | THE INDEPENDENT | As Ugandans continue to use Uber as one means of transport, their counterparts in London, UK where the transport mode is popular are not sure of whether the service will be available in the near future. On Sept. 22, BBC reported that Uber would not …

  Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation for the year ending September 2017 increased from 5.2% to 5.3% in the year ended August 2017, according to official numbers released by Uganda Bureau of Statistics (UBOS) on Sept.29. Officials said the increase was attributed to a rise in …

Abidjan, Ivory Coast | AFP |  The cocoa crop of Ivory Coast, the world’s biggest producer, increased 28.5 percent to a record 2.15 million tonnes in the 2016-17 season, the national Coffee and Cocoa Council said Friday. Exports increased by 23.3 percent to 1.9 million tonnes, helping to raise the …

  Kampala, Uganda | JULIUS BUSINGE |  The National Social Security Fund (NSSF) has declared 11.23% interest rate on members’ savings for the financial year 2016/2017, lower than the 12.3% paid out for FY2015/2016. Officials said the lowering of interest rate was because of a bad economy that affected its …