Business

Riyadh, Saudi Arabia | AFP | Energy superpowers Saudi Arabia and Russia on Monday signed a key deal to bolster cooperation among the world’s oil giants, as visiting President Vladimir Putin sought to defuse political tensions in the Gulf. Putin’s visit follows attacks on Saudi oil installations that Riyadh and …

Real estate experts react on the Electrical Plaza near Nakasero Market Kampala, Uganda | JULIUS BUSINGE | Plot 11, Market Street and Kiyembe Lane in Kampala Central District have changed their physical face following the official opening of a new commercial building – Electrical Plaza. It joins a list of …

Kampala, Uganda | THE INDEPENDENT |  National Water and Sewerage Corporation (NWSC) has announced water supply interruptions in some parts of Kampala on Tuesday 15th October, 2019 from 7am to 7pm. “This is to enable our engineers undertake routine maintenance works at Ggaba water treatment plant and other associated system …

Kampala, Uganda | THE INDEPENDENT | The National Agriculture Research Organization-NARO has introduced three coffee varieties that are resistant to diseases and the dry spell. The three varieties are NARO- Kituuza Robusta-NKR8, NKR9 and NKR10 generated in 2017. They were subjected to three years of testing before their launch to …

    Kampala, Uganda | THE INDEPENDENT | Following the rebasing of the Ugandan economy, it has been revealed that the industry sector, which comprises of construction, mining and quarrying, manufacturing, and electricity supply, experienced the biggest revision upwards. According to Uganda Bureau of Statistics (UBOS), industry sector’s contribution to …

Fort Portal, Uganda | THE INDEPENDENT | Agriculturalists have called for efforts to preserve and grow traditional food crops. The call was made on Thursday during the Rwenzori Regional Indigenous Food and Seed Fair that was organized by Sustainable Agriculture Trainers Network (SATNET) that was held in Fort Portal. They …

Kigezi, Uganda | THE INDEPENDENT | Leaders in Kigezi sub-region have expressed doubt on the success of the Industrial park project.  The project was launched by President Museveni in April with an aim of eradicating poverty and unemployment among the youth and women.  Early this month, the government allocated 130 billion …

Kampala, Uganda | THE INDEPENDENT |  Uganda Manufacturers Association is eyeing 30 acres of former Naguru Housing Estate to expand its showground in Lugogo to accommodate the growing number of exhibitors entering the annual International Trade Fair.         Mubarak Kirunda Nkutu, the Director Membership Services at Uganda Manufacturers Association – UMA says …

Executives urge ‘sleeping giants’ to quickly enact competition law for job creation Kampala, Uganda | JULIUS BUSINGE | There are mega opportunities that mergers and acquisitions are creating within the Common Market for Eastern and Southern Africa (COMESA). Statistics from the Zambian-based COMESA Competition Commission (CCC) that oversees transactions in …

  ✳ Discontinue the fragmentation of districts (if possible, consolidate to reduce administrative costs). ✳ Government’s outsized role in the agriculture sector leaves little room for private sector participation. ✳ Technical inefficiencies pervade delivery of subsidized inputs, procured by the NAADS and distributed by the OWC to farmers. ✳ Rather …