Business

✳Diesel I. Middlemen’s price – $118 II. Price from bulk suppliers or Refiners -$83 ✳ Petrol I. Middlemen’s price -$97.5 II. Bulk suppliers or Refiners’ price- $61.5 ✳ Kerosene: I. Middlemen’s price – $114 II. Bulk suppliers or Refiners’ price – $79 Entebbe, Uganda | THE INDEPENDENT | President Yoweri …

Despite being home to 65% of the world’s remaining uncultivated arable land, Africa still imports most of its food Kampala, Uganda | RONALD MUSOKE | Africa’s food and agribusiness industry is set to reach US$1 trillion mark by 2030, Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB) told …

Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited scooped the Gold Accolade for the Integrated Report of the Year award at the 2023 Financial Reporting Awards held in Kampala on Nov.1. National Social Security Fund won Silver while PostBank went home with Bronze. Organised by the Institute of Certified …

The company’s key drivers for growth included surge in customer base, data and fintech services Kampala, Uganda | THE INDEPENDENT | MTN, Uganda’s biggest mobile phone operator by market value, has reported a 21.1% rise in its third-quarter profit after tax, buoyed by an increasing customer base and heightened demand for …

    Kampala, Uganda | THE INDEPENDENT | For the second consecutive year, all three Uganda Waragi brands – Premium, Pineapple and Coconut – have won Gold Awards in the prestigious 2023 Monde Selection International Quality Awards. This brings the overall number of quality awards won by the brand to …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has warned government agencies in charge of taxation from imposing direct taxes on large scale manufacturers. This, Museveni said, discourages investment. Speaking at Hariss International, the producers of Riham products, at their factory in Kawempe, Museveni said he doesn’t want …

  Kampala, Uganda | THE INDEPENDENT | Ninety five refugees have completed training in hotel and tourism management. This is part of on partnership on Inclusive Jobs and Education for Host Communities, Refugees, and other Forcibly Displaced Persons, a joint initiative of ILO, the UN Refugee Agency (UNHCR), UNICEF, the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour, and sugar over the past 12 months, ending in October 2023. According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation …

Kampala, Uganda | THE INDEPENDENT | The acting Governor Bank of Uganda (BOU) Michael Atingi-Ego has urged savers in the country to always entrust their savings to regulated financial institutions only. “The only way to preserve and grow the value of your money is to earn a return greater than inflation. …

Kampala, Uganda | THE INDEPENDENT | Fish maw traders have protested against high taxes being imposed by the government on fish maw consignments This was contained in a petition delivered on Tuesday to Parliament’s Committee on Agriculture, Animal Industry, and Fisheries by the Fish Maw and Traders Association Uganda Limited. …