Business

Latest data from the Petroleum Authority of Uganda shows that the country has a minimal emission rate of greenhouse gases, accounting for only 0.02% of global greenhouse gas emissions Kampala, Uganda | JULIUS BUSINGE | Uganda’s non-governmental organizations (NGOs) are advocating for sustainable oil and gas development to safeguard the environment, …

Kampala, Uganda | THE INDEPENDENT | Reckitt has showcased its dominance at this year’s People’s Choice Awards, a gala event held in Kampala. Four of Reckitt’s esteemed brands, Dettol, Harpic, Mortein, and Jik stood out, earning recognition as the best in their respective categories. Dettol antibacterial soap, a flagship product of …

An expert view on why and how to reverse it ANALYSIS | ODONGO KODONGO | Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 …

Kampala, Uganda | THE INDEPENDENT | Cipla Quality Chemicals Limited has reported a substantial 74% dip in profit after tax to Shs 3.56 billion for the six months ending September 30. The dip is attributed to a significant increase in operating expenses and a shift in the product mix. The company’s …

Kampala, Uganda | THE INDEPENDENT |  Money lenders and microfinance institutions have been advised to use legal means to conduct their businesses instead of resorting to the use of force, especially in recovering money. This comes at a time when the small lenders are trying to get to terms with …

Kampala, Uganda | THE INDEPENDENT |  The insurance industry estimates that Ugandans will pay up to sh2 trillion in total premiums for different products next year, as the population becomes more aware of the importance of insurance. This is partly attributed to the innovative products that have become more appealing …

Kampala, Uganda | THE INDEPENDENT | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, has issued a profit warning for the six months period ended Sept.202, 2023, citing changes in product mix. The Uganda Securities Exchange-listed firm now expects to report lower net earnings than what it reported during the same period …

Kampala, Uganda | THE INDEPENDENT | In line with EACOP’s environmental mitigation and conservation requirements, EACOP has signed a Memorandum of Understanding with the Ugandan National Forestry Authority (NFA) to facilitate the continued partnership between the two entities for biodiversity conservation and natural resource management where their areas of interest coincide. …

Johannesburg, South Africa | THE INDEPENDENT | MTN South Africa and Huawei have won the “Sustainability Champion of the Year” award at this year’s AfricaCom Awards. AfricaCom is the largest annual event in the communications industry in Africa. Its awards are designed to recognize organisations and institutions that have made …

  Kampala, Uganda | THE INDEPENDENT |  The Secretary to the Treasury Ramathan Ggoobi has hailed Uganda’s top tax payers, saying they have contributed greatly to the transformation of the country. ” I thank all Ugandans who pay their taxes because it’s from this revenue that government finances the country’s …