However, experts emphasize building trust and financial literacy to attract more customers Kampala, Uganda | ISAAC KHISA | Nairobi-based insurtech firm, Turaco’s decision, to unveil operations in Uganda to provide medical insurance has signalled an immense potential for the growth of microinsurance in emerging markets, especially across Africa. Launched four years …
Read More »Govt appoints market administrators to resolve unending disputes among vendors
Kampala, Uganda | THE INDEPENDENT | Authorities in local governments have been granted the power to appoint administrators in markets as a solution to ongoing disputes between vendors and local governments. The Markets Act of 2023 empowers local governments to directly appoint administrators who will be responsible for managing the …
Read More »KAZO: Livestock markets reopen after four months’ closure over FMD
Kazo, Uganda | THE INDEPENDENT | The livestock markets of Bwatamara Buremba town council and Kazo Town Council in Kazo district have been reopened four months after its closure. In March 2023, the district registered a new case of foot and mouth disease, and immediately announced several measures to contain the …
Read More »Govt issues guidelines on management of city markets
Kampala, Uganda | THE INDEPENDENT | The Ministry for Kampala and Metropolitan Affairs has issued guidelines for the management of City markets. The markets were re-possessed by the government in 2020 following a presidential directive. Addressing the press on Tuesday at the Uganda Media Center, the Minister for Kampala, Hajjat …
Read More »ARUA: Museveni orders probe into market lockup allocation
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has directed the State House Anti-Corruption Unit (SHACU) to investigate irregularities in the allocation of lockups and stalls at Arua central Market. While addressing a public rally at the West Nile golf ground in Arua City on Wednesday, Museveni said …
Read More »Can Africa reduce the impact of the US dollar on its emerging markets?
Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …
Read More »Absa Africa Financial Markets Index
Uganda moves to the fourth spot due to strong data reporting standards, new environmental, social and governance incentives Kampala, Uganda | THE INDEPENDENT | Uganda’s overall score in the Absa Africa Financial Markets Index increased by six points to 66 in 2022, moving the country up to fourth from sixth place …
Read More »CTI and IST assure market women of access to healthcare
Kampala, Uganda | THE INDEPENDENT | “Market Women” are the ubiquitous vendors who populate local markets throughout Uganda and sub-Saharan Africa. In many ways, they are the lifeblood of most African economies. In Uganda, the “informal sector” accounts for 75% of the total working population, and in many ways …
Read More »UK-based energy innovators to explore energy access markets in Uganda
Kampala, Uganda | Patricia Akankwatsa | The Department for International Trade, Uganda (DIT) in collaboration with Innovate UK, this week hosted a team of UK companies for a Trade Mission in Uganda to seek partnerships with key Uganda energy companies to realise affordable and clean energy. 12 UK companies from the energy sector …
Read More »KCCA councilors protest presidential directives on markets
Kampala, Uganda | THE INDEPENDENT | Councilors in Kampala have protested against Presidential directives on markets which they say undermine their efforts to legislate on management of markets and other matters in the city. The protest was staged during a council sitting called by the authority speaker Zahara Luyirika at City …
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