Business

  Retail chain finalises plans to pay suppliers debts, revamp outlets Finally, there is good news at the outlets of Nakumatt Holdings in Uganda following an announcement by Atul Shah, the group managing director, that it was getting a US$75 million (Approx. Shs282.4 billion) capital injection. Shah said in a …

Other banks say the government needs to urgently pass regulatory framework Stanbic has identified about 1000 agents to deal with as soon as the proposed new agency banking is legalised, according to the Chief Executive Officer of Uganda’s largest bank, Patrick Mweheire. In an interview with The Independent, Mweheire said …

Kampala Lord Mayor Erias Lukwago and KCCA councilors have Monday afternoon been blocked from accessing the cordoned-off Park Yard Market, with a group of stick wielding men forcefully ordering them off the premise. Lukwago attempted to access the area after KCCA Council resolved to undertake a fact finding mission to …

Rebecca Kaduru is the Executive Director of KadAfrica, a social enterprise based company. She spoke to the Independent’s Agnes E Nantaba about the potential of social enterprises and agri-business in supporting Uganda’s economy. What are the key elements in your management philosophy? Managing a social enterprise is a bit more …

VIDEO: The late Bonny Katatumba was an asset for Uganda in the eyes of Prime Minister Dr Ruhakana Rugunda. The premier described the late Katatumba as enterprising, and patriotic who greatly contributed to building peace and the economy. The premier was speaking at a requiem mass at Rubaga Cathedral. Share on: WhatsApp

Rabat, Morocco | AFP |  Morocco’s key tourism sector barely grew last year amid security challenges, but operators are hoping Chinese and Russian visitors will boost their fortunes in the coming years. While political turmoil and jihadist attacks have battered the sector in Egypt and Tunisia, Morocco registered 10 million …

Barcelona, Spain | AFP |  China’s Huawei unveiled a new smartphone with a better camera on Sunday as it tries to fill the void left by Samsung’s withdrawal of its flagship device due to problems with the battery. Huawei’s P10 and the larger P10 Plus, launched on the sidelines of …

Tanzania will construct a dry port in Mwanza and repair the MV Umoja ferry on Lake Victoria to boost trade in the region. Infrastructure development was a key item in bilateral discussions Saturday between visiting Ugandan President Yoweri Museveni and Tanzania’s John Magufuli. At a joint news conference in Dar es Salaam, Magufuli …

Frankfurt am Main, Germany | AFP |  China overtook the United States last year to become Germany’s biggest trading partner for the first time, official data showed, a shift likely to reassure Berlin as worries grow over US President Donald Trump’s protectionist leanings. The figures compiled by federal statistics office …

VIDEO: State house has launched investigations into circumstances under which a sh2.2 billion modern fish handling facility constructed in Serere district was abandoned by the fisher folk operating on Lake Kyoga. The facility is now home to bats and reptiles. Share on: WhatsApp