Kampala, Uganda | JULIUS BUSINGE | The Federation of Uganda Social Enterprises (FUSE) has launched Uganda’s first domestic Social Enterprise Certification and Verification System, aimed at setting national standards for businesses that combine commercial activities with social and environmental impact. Timothy Mugerwa, president of FUSE, announced the initiative on …
Read More »Uganda’s organic farming drive turns to policy, trade and market access
Kampala, Uganda | JULIUS BUSINGE | Uganda’s efforts to build a more resilient agricultural sector are increasingly focusing on how sustainable farming practices can translate into higher farmer incomes, stronger domestic markets and export opportunities. The challenge will take centre stage at two upcoming agricultural events in Kampala, where farmers, policymakers, …
Read More »Uganda’s $500bn growth ambition puts CFOs in the spotlight
Kampala, Uganda | JULIUS BUSINGE | Uganda’s ambition to expand its economy tenfold to $500 billion by 2040 will depend partly on the ability of businesses to invest productively, manage financial risks and convert the country’s natural resources into higher-value products. That puts chief financial officers (CFOs) at the centre of …
Read More »Nedbank takes control of NCBA in East African expansion drive
Kampala, Uganda | JULIUS BUSINGE | South Africa’s Nedbank Group has completed the acquisition of a 66% controlling stake in NCBA Group PLC, giving the lender a foothold in East Africa as regional financial institutions seek to expand cross-border business and investment. The transaction, announced on October 19, …
Read More »Nile Breweries’ next 75 years depend on more than beer
As the brewer marks its 75th anniversary, local sourcing, tax policy, illicit alcohol and water efficiency are emerging as key tests of its next phase of growth NEWS ANALYSIS | JULIUS BUSINGE | Uganda’s beer maker, Nile Breweries Limited, is looking to deepen local sourcing, improve water efficiency …
Read More »Ugandans pay the price of a weaker shilling
Petrol prices have jumped to Shs7,000 per litre from Shs4,000 in September, as the dollar climbs to Shs4,000 from Shs3,700 Kampala, Uganda | JULIUS BUSINGE | Uganda’s government is resisting broad fuel subsidies and artificial support for the shilling, a decision that could prolong pressure on households and …
Read More »Uganda housing gap shifts focus to delivery
Kampala, Uganda | JULIUS BUSINGE | Uganda’s housing shortage should be treated as an economic development issue requiring practical solutions, affordable financing and better urban planning rather than as a challenge that government can address alone, housing sector stakeholders have said. The call was made at the inaugural National Housing …
Read More »Uganda’s tax policy faces a test of value for money
As Uganda pursues a US$500bn economy, policymakers face a difficult question: how much revenue can the country afford to sacrifice in the pursuit of growth? Kampala, Uganda | JULIUS BUSINGE | Uganda’s tax policy is facing an increasingly important test: whether the revenue government gives up through exemptions, …
Read More »Uganda’s pension sector takes aim at growth
As Uganda targets a US$500 billion economy, pension leaders say deeper savings could provide the patient capital needed for transformation Kampala, Uganda | JULIUS BUSINGE | Uganda’s ambition to transform its economy could increasingly depend on how effectively the country mobilises and invests the savings of its workers. …
Read More »France expands support for Uganda’s green entrepreneurs
The programme is valued at about Shs2.8bn grant from the French Embassy and Shs400bn co-financing from Stanbic Bank Uganda Kampala, Uganda | JULIUS BUSINGE | France is expanding support for Uganda’s women and youth-led green businesses, moving beyond project funding towards a longer-term pipeline intended to connect …
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The Independent Uganda: You get the Truth we Pay the Price