Business

Riyadh, Saudi Arabia | AFP | Saudi Arabia on Monday launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil. To kickstart the 12-year programme, the Gulf state announced the signing …

After good economic performance in 2018, can the Uganda economy maintain the momentum? COMMENT | MUSA MAYANJA LWANGA | Despite the political violence that threatened Uganda’s international image, the year 2018 was a great year for the country in terms of economic performance. Estimates show that the economy grew at …

Dr. David Alobo is the Managing Director and Chief Executive Officer of Xsabo Group and an expert in economics and business. He spoke to The Independent’s Julius Businge about his expertise and the planned US$200million investment in solar energy in Uganda. Who is David Alobo? I am a management consultant …

TOURISM: Are the firms hired to boost sector delivering results? Kampala, Uganda | JULIUS BUSINGE | Godfrey Kiwanda is a Ugandan politician, junior minister for tourism and speaks passionately about Uganda’s tourism sector. On January 16, he told The Independent that he is among the government officials spearheading the government’s …

`We can’t build a mixed economy when the private sector side is parasitic on the public sector’ NRM programme point No. 10. Following an economic strategy of mixed economy When the NRM government took power in 1986, it introduced a 10-point programme. Point No.10 on the programme was to pursue …

EGGS: Kenya’s increase in supply spells doom to Ugandan farmers Kampala, Uganda | PATRICIA AKANKWATSA | Ugandan farmers are suffering losses from falling egg prices due to lost market opportunities in the region and high feed costs. Farmers and traders that spoke to The Independent said a tray of eggs …

Kabulasoke: A critique on where and how to use solar electric energy Kampala, Uganda | ENG. KANT ATEENYI KANYARUSOKE | First, we will congratulate Ugandans and their son Dr. David Alobo for the recent commissioning of a 20 MW photovoltaic power plant. The project follows the 2016 Soroti solar plant of 10 …

  Kampala, Uganda | THE INDEPENDENT |  Rwanda’s national carrier, RwandAir, has appointed Airline Rep Services a General Sales Agent (GSA), a company division of the CVFR Travel Group as its representative for the region of Australia and New Zealand. The airline’s CEO, Yvonne Manzi Makolo, said the deal was accomplished …

Kampala, Uganda | THE INDEPENDENT |  British renewable energy firm, BBOXX, has secured $31 million investment from the Africa Infrastructure Investment Managers (AIIM) fund for African expansion. The firm said it will also use the cash to roll out its solar platform that incorporates photovoltaics, battery systems, real-time analytics and the …

Kampala, Uganda | THE INDEPENDENT |  Sanlam Kenya now wants directors of companies that defaulted on Ksh1.15 billion through corporate bond issues held personally liable for “misleading” the investment firm, according to Business Daily. CEO Patrick Tumbo said the company will take legal action against firms such as Kaluworks, a …