Business

Kampala, Uganda | THE INDEPENDENT | The Ministry of Works and Transport has urged government departments to lead the way by insuring their assets, not only to reduce risk but to propel insurance penetration in Uganda. The minister, Gen Edward Katumba Wamala, says his ministry has most of its assets …

Kampala, Uganda | THE INDEPENDENT | The recent changes in electricity prices have had an immediate impact on the country’s energy sector inflation, as increased pressure is registered in other sectors. According to new figures from the Uganda Bureau of Statistics (UBOS), Uganda’s headline inflation in April 2025 nudged up …

New NWSC unit to combat corruption, protect customers Kampala, Uganda | THE INDEPENDENT | The National Water and Sewerage Corporation (NWSC) has established a dedicated Customer Protection Unit to combat corruption, infrastructure vandalism, and illegal water use, the utility’s managing director has announced. Eng. Dr. Silver Mugisha, NWSC’s managing director, …

  Kisoro, Uganda | THE INDEPENDENT | A 30-year-old shop attendant in Muramba sub-county, Kisoro district, is admitted to Kisoro hospital after being shot and reportedly robbed by unknown people. Kenneth Mucunguzi, an attendant at the shop of Michael Turinayo, a businessman in Mugomberero trading centre,  was attacked by four …

Hima Cement achieves 50% biomass fuel use Kampala, Uganda | THE INDEPENDENT | Hima Cement has announced  that over 50% of its fuel for cement production now comes from renewable biomass — a bold shift from fossil-heavy inputs like Heavy Fuel Oil (HFO). “Five and a half sums of energy now …

KAMPALA, UGANDA | THE INDEPENDENT | Uganda is urged to focus on exploiting resources where it has the potential to generate energy that is most affordable to the ordinary person and therefore sustainable. Gabriel Obiang Lima, the Minister for Finance, Economy and Planning of the petroleum-rich Equatorial Guinea, says that …

Kigali, Rwanda | THE INDEPENDENT | BK General Insurance Ltd, a subsidiary of BK Group, has announced plans to merge with Sonarwa General Insurance Ltd and Sonarwa Life Assurance Company Ltd, both owned by the Rwanda Social Security Board (RSSB). The move, announced on April 17, marks one of the most …

Elon Musk is right to shift his focus back to carmaking ANALYSIS | AGENCIES | “The future of Tesla is brighter than ever.” So declared Elon Musk during an earnings call on April. 22,2025. According to the carmaker’s boss, Tesla remains on course to become the world’s most valuable firm, worth …

Absa Bank’s double-digit growth rate of 13% and 17.46% market share was attributed to its robust product offering, a very experienced team of people, robust marketing strategies, and personalized customer service. Kampala, Uganda | THE INDEPENDENT | Bancassurance has continued to revolutionize Uganda’s insurance sector, with the Insurance Regulatory Authority …

African nations have enjoyed duty-free access to the US market for over two decades under the AGOA. What if US President Trump refuses to renew it? ANALYSIS | ADWOA TENKORAMAA DOMENA | The African Growth and Opportunity Act (AGOA), a trade agreement at the core of US economic policy on Africa, …