Business

Beijing, China | AFP | China announced Thursday a list of US chemicals that will be exempted from import tariffs, just under a week after Beijing and Washington agreed a trade agreement that a dialled down tensions between the two. The world’s biggest economies have exchanged blows for more than a …

Kampala, Uganda | THE INDEPENDENT | Danish government-owned Investment Fund for Developing Countries (IFU) has bought 74 million shares (9.97%) in Dfcu bank, making it the second-largest shareholder after the Dutch-backed fund Arise B.V. The transaction, which saw London-headquartered CDC Group sell its stake, has been viewed as a vote …

Juba, South Sudan | AFP |  The US ambassador to South Sudan on Wednesday warned that Washington would not hesitate to slap additional sanctions on “spoilers” holding back peace in the war-torn African nation. Ambassador Thomas Hushek was recalled in November when South Sudan’s rival leaders failed to meet a …

Kampala, Uganda | THE INDEPENDENT  |  Majority of the Bus Companies plying up country routes have increased transport fares from Kampala to their various destinations, a week to Christmas.  The increment follows a significant surge in the number of travelers to up country destination and interstate cities of Juba, Kigali and …

Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL) announced on Dec.17 that it had made a net profit of Shs24.7bn for the financial year 2018/19, up from a loss of Shs10.8bn a year before. Officials said the profit, the first since the company’s inception in 2001, …

Kampala, Uganda | THE INDEPENDENT | Telecommunications giant MTN Uganda has announced a package of internet bundles that have no time limit for expiration a few weeks after a Ugandan sued telecom companies over expiry of data. The offering allows internet users to get 6MB , 80MB and 1GB  for …

Liquid Telecom is a leading Pan-African communications solutions provider with presence in over 13 countries. Liquid Telecom’s CEO in Uganda, Dennis Kahindi, spoke to The Independent’s Isaac Khisa about how the company is helping to build Africa’s digital future. It is nearly nine months since you become CEO for Liquid Telecom …

The company quits Rwanda, Tanzania and Cameroon markets Kampala, Uganda | JULIUS BUSINGE | E-commerce has been slowly gaining traction in Africa in recent years. As a result, the popular talk has been that e-commerce firms are making money off people’s obsession with surfing and shopping on the internet. That …

  Presently importers insure their cargo in the country of origin through their suppliers Kampala, Uganda | ISAAC KHISA | For many decades, Uganda’s insurers and reinsurers never imagined that they could cash in on marine cargo insurance business amid the large volume of business involved in international trade. This …

Kampala, Uganda | THE INDEPENDENT | Works and Transport Minister Monica Azuba Ntege has welcomed her redeployment from cabinet saying that, the new posting gives her enough time to concentrate on her private life and business. Azuba who has served as Minister of works for the last three years, was …