Business

At least 10 Kenya-based startups, including Notify Logistics, WeFarm and Kune, have shut down since 2021 because of worsening macroeconomic conditions ANALYSIS | ADONIJAH NDEGE | iProcure, the Kenyan agritech startup backed by Safaricom’s Spark Fund, is now under administration after failing to settle undisclosed debts. KPMG’s advisory arm has been …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Trade, Industry and Cooperatives in charge of Industry, David Bahati has teamed up with the Uganda Manufacturers Association to demand for lower cost of credit by the commercial and development banks so as to meet the intended needs of the businesses. …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda is the platinum sponsor of the popular Vumbula Uganda Festival, a 3-day extravaganza that showcases Uganda’s rich tourism attractions, art, heritage, music, and culture. This year’s edition takes place between May 31st and June 3rd at the spacious Nile Nest resort in …

     Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda has marked a significant milestone in its journey towards environmental sustainability through a new partnership with the National Forestry Authority (NFA) aimed at planting 20,000 Trees in 2024 equivalent to 30 Hectares. The trees will be planted at Jubiya …

  Kampala, Uganda | JULIUS BUSINGE | COMESA Competition Commission (CCC) and Fidelis Leadership Institute (FLI) are set to start training programs in competition law, international trade, and consumer protection in June this year, officials said at the launch of the Competition Law & Consumer Protection Training event held in …

Is it the answer to a tax system that’s not bringing in enough revenue? INTERVIEW | MARIA JOUSTE | Uganda, with a fiscal deficit of 5.6% in 2023, has increasingly turned to local resources to make up for its revenue shortfall since the World Bank suspended its funding on August 08, …

Kampala, Uganda | THE INDEPENDENT | Younger swineherds from various parts of Uganda have been amazed by the products made out of pigskin leather, seeing it as another avenue to make money from their herds. These products were part of the display at the Piggery Value Chain Symposium, which attracted over …

Kampala, Uganda | THE INDEPENDENT | The COMESA Competition Commission together with Fidelis Leadership Institute have launched a training program on consumer protection and competition laws, amidst calls for the implementation of the relevant laws in Uganda. Recently, President Yoweri Museveni assented to the Competition Act 2023 but it is yet …

  COMMENT | GEORGE ORODI | As a young graduate, when I was being introduced into the circles of trade and tax, my CEO then, Kaushik Shah made me attend some of the key meetings at the Kenya Association of Manufacturers and I would later grow to chair a sub-committee on regional trading bloc configuration and a member of …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity picked up in April amidst prolonged traders’ strike over the government’s enforcement of the Electronic Fiscal Receipting and Invoicing Solutions, a new business survey shows. The Stanbic Bank Purchasing Managers’ Index (PMI) rose to 52.6 in April from 49.3 a month …