Kampala, Uganda | THE INDEPENDENT | The Banking industry reports that the not-so-friendly business environment has contributed to it’s failure to fully return to the post COVID-19 performance levels yet, despite improving results. Stanbic Holdings Uganda Ltd (SUHL), which has announced a profit after tax of 235.5 billion shillings for the …
Read More »Alcohol bill dismissed for failure to address real sector challenge of illicit alcohol and trade
KAMPALA, UGANDA | THE INDEPENDENT | A report on the proposed 2023 Alcohol Bill tabled by Sylvia Nayebare, the Chairperson Trade and Tourism Committee of Parliament has been dismissed following findings of the joint committees on Trade and Tourism that observed that the bill fell short of addressing the real challenges …
Read More »Irrigation to revolutionise food security and climate resilience in Teso
Katakwi, Uganda | Patricia Akankwatsa | A groundbreaking irrigation project, spearheaded by the Food and Agriculture Organization of the United Nations (FAO), in partnership with the Norwegian government and the Global Environment Facility (GEF), is poised to reshape agricultural landscapes and boost food security in Teso sub-region. By introducing state-of-the-art irrigation …
Read More »8 women-owned businesses secure shs1.6 billion from AWE initiative
Kampala, Uganda | THE INDEPENDENT | Eight women-owned businesses have emerged as the inaugural recipients of the Advancing Women Entrepreneurs (AWE) contract worth UGX 1.6 billion an initiative, by MTN Uganda in collaboration with partners such as American Tower Corporation (ATC) Uganda. This initiative aims at empowering women entrepreneurs by integrating …
Read More »Bududa landslide victims say no to govt’s cash payments
Bududa, Uganda | THE INDEPENDENT | Bududa landslide victims are urging the government to prioritize the construction of physical housing structures in its resettlement plan rather than providing cash payments. In a petition to the Minister of State for Disaster Preparedness, Relief, and Refugees, Ms. Lilian Aber, local leaders expressed concerns …
Read More »Sci-fi thriller “Alien: Romulus” tops China’s box office chart
BEIJING, China | Xinhua | 20th Century Studios’ sci-fi thriller “Alien: Romulus” topped the Chinese mainland’s daily box office on Saturday, according to the China Movie Data Information Network. The seventh installment of the successful “Alien” franchise, the movie grossed approximately 63.99 million yuan (about 8.95 million U.S. dollars) on …
Read More »First electric commuter taxi launched, runs between 250 and 300 km on 1 full charge
Kampala, Uganda | THE INDEPENDENT | The first all-electric commuter taxi in Uganda has been launched, following a partnership between Freedom EV Electrical SMC Ltd and Kampala Capital City Authority-KCCA. The vehicle, manufactured by Dongfeng Automobile Company (DFAC) in China, runs for between 250 and 300 kilometres on one full charge …
Read More »Arsenal, Liverpool off to winning starts in Premier League
LONDON, UK | Xinhua | Arsenal got their Premier League campaign off to a smooth start with a 2-0 win at home to Wolves on Saturday, with a goal in each half. Kai Havertz nodded them in front after 25 minutes following a cross from Bukayo Saka, and the impressive …
Read More »Private sector records improved activity
Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector reported a continued growth of new orders running into the fourth month at the end of July marking the start of the third quarter. The upturn was widespread across all five monitored sectors, with firms linking the expansion to new client wins. …
Read More »Hundreds displaced by Karuma dam project demand fair compensation
Kampala, Uganda | THE INDEPENDENT | A group of 119 people displaced by the Karuma Hydro Dam project have petitioned President Yoweri Museveni, seeking his intervention over unfair compensation and delayed resettlement. An additional 60 individuals claimed their land and property were undervalued when the project began in 2013. The petitioners …
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