Category: Business

Kampala traders caught with smuggled livestock in Nakapiripirit

Kampala traders caught with smuggled livestock in Nakapiripirit

Michael Longole, the Mt Moroto regional police spokespersonMoroto, Uganda | THE INDEPENDENT | Two livestock traders from Kampala are in police custody in Moroto after being found transporting livestock that did not match their movement permits. Mike Longole, the Mt. Moroto Region Police Sp

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UCC trains 1,800 boda boda riders to drive Uganda’s digital economy

UCC trains 1,800 boda boda riders to drive Uganda’s digital economy

KAMPALA — The Uganda Communications Commission has trained 1,800 boda boda riders in an ambitious drive to transform the country’s informal transport sector into a digitally integrated workforce. Through its Beera Ku Digital initiative, the commission is executing a structural intervention de

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dfcu Opens Namanve Branch as Bahati Urges Review of Lending Rates

dfcu Opens Namanve Branch as Bahati Urges Review of Lending Rates

dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex

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South Africa Bond Rally Builds Ahead of February 25 Budget

South Africa Bond Rally Builds Ahead of February 25 Budget

South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up

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Why Uganda must become a permanent member of BRICS

Why Uganda must become a permanent member of BRICS

If we become permanent members of BRICS, the most obvious benefit shall be economic. Our economy relies heavily on agriculture, raw materials, and a growing services sector. We need big markets like those of China and India for our agricultural produce.Uganda has a young population, with a

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Insurance players tipped to leverage booming Ugandan economy

Insurance players tipped to leverage booming Ugandan economy

With oil production expected to start soon, Dr Julius Kipng’etich projected even stronger growth over the next two to three decades, potentially transforming Uganda into one of the continent’s largest economies.Insurers in Uganda and across the East African region have been called to

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Uganda Airlines Long-Haul Crisis Deepens As Tycoon Sudhir Falls Victim To London Flight Cancellations

Uganda Airlines Long-Haul Crisis Deepens As Tycoon Sudhir Falls Victim To London Flight Cancellations

Uganda’s national carrier, Uganda Airlines, is grappling with escalating operational turbulence after grounding both of its long-haul aircraft, triggering a wave of flight cancellations that has now ensnared city tycoon Dr. Sudhir Ruparelia among affected passengers.“My Sunday flight w

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Uganda’s economy improves in January as inflation rises to 3.2% and exports surge 83.5%

Uganda’s economy improves in January as inflation rises to 3.2% and exports surge 83.5%

Uganda’s economy registered an improvement in January 2026, supported by better business conditions, rising consumer demand and increased employment levels, according to the latest Performance of the Economy Report.The report indicates that economic activity continued on an upward trajec

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Soroti Fruit Factory posts Shs5.3Bn loss despite management overhaul – Audit

Soroti Fruit Factory posts Shs5.3Bn loss despite management overhaul – Audit

Soroti, Uganda: The Soroti Fruit Factory operates at a loss of Shs5.371 billion for the 2024/2025 Financial Year, deepening its financial troubles despite a recent management overhaul, the latest Auditor General’s report reveals.The audit report released on December 31, 2025 by Auditor G

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UGANDA: China’s zero-tariff policy to boost Africa’s industrialization

UGANDA: China’s zero-tariff policy to boost Africa’s industrialization

39th African Union summitKAMPALA, UGANDA | Xinhua | A senior Ugandan official on Tuesday welcomed China’s decision to fully implement zero-tariff treatment for 53 African countries with diplomatic relations, starting from May 1, saying the move will accelerate industrialization and econo

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