Business

Kampala, Uganda | ISAAC KHISA | Uganda Securities Exchange has received approval from the Capital Markets Authority to demutualise within a period of one year, according to its Chief Executive Officer, Paul Bwiso. Bwiso said the new development means that the USE ceases to be a mutual entity limited by guarantees and …

Kampala, Uganda | GODFREY SSALI | Government has moved to regulate the manufacture and processing of packaged water in a bid to ensure safety and security of the public. Cabinet has approved a new policy to streamline the packaged water sector. Packaged water is one of the key industrial sub-sectors with …

Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …

Washington, United States | AFP |  Remittances, a major source of revenue for the world’s poorest countries, are due to grow again this year after falling two years in a row, the World Bank said Tuesday. Such cash transfers to low and middle-income countries are on course to rise by …

  Alfred Kusiima is the national coordinator of the Uganda National Alliance on Clean Cooking (UNACC), a membership-based association that supports and steers efforts towards reduction in demand for biomass energy resources in Uganda.  He spoke to The Independent’s Agnes E. Nantaba about promoting clean and efficient cooking solutions. What …

  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 …