Kampala, Uganda | THE INDEPENDENT | Uganda’s economic indicators spell better conditions for the private sector and business compared to other countries in the region, according to an expert study, the Africa Trade Barometer (ATB). Uganda’s overall macroeconomic conditions are “average with a slight positive outlook relative to the other countries …
Read More »MTN Uganda unveils ‘Unstoppable Network’ campaign
Kampala, Uganda | THE INDEPENDENT | MTN Uganda has unveiled a new campaign, dubbed the “Unstoppable Network” following its consistent recognition as the Best Mobile Network, with the fastest network and widest coverage in Uganda. This campaign also casts a light on the strong network of its ever-growing base of …
Read More »UAP Old Mutual bags two accolades, commits to observe ESG values
Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual Insurance Uganda Limited has committed to respecting environmental social and governance values as cornerstones for its business growth and sustainability. This comes a week after the insurer bagged two accolades at the 13 Financial Reporting Awards (FiRe awards). The two awards are; …
Read More »South African insurer gains E.A foothold in deal with APA insurance
The partnership gives Kenya’s second-largest insurer access to a larger market and expanded opportunities for growth Kampala, Uganda | THE INDEPENDENT | South Africa’s largest privately-owned insurance group, Hollard plans to extend its footprint in East Africa through the acquisition of a significant interest in Apollo Investments Limited, the holding company …
Read More »NSSF dominates Airtel share sale
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda Ltd, the mobile telecommunications company, has closed its public offer of shares with a subscription rate of 54.45 percent. Trading of shares on the Uganda Securities Exchange (USE) started today at 9.30 am. It will be the 11th local listed company on the …
Read More »Robbers snatch sh200 million from Chinese man
Kampala , Uganda | THE INDEPENDENT | Police is investigating a shooting and robbery incident at the weekend involving a Chinese man. In a late bid to save money stolen from him, a Chinese national opened fire indiscriminately on a Kampala road, forcing people to scamper to safety. Lee Shao resorted …
Read More »EACOP makes significant progress
Kampala, Uganda | THE INDEPENDENT | Panyu Chu Kong (PCK) Steel Pipe Co., Ltd, the company contracted to supply line pipes to the S$4bn East Africa Crude Oil pipeline (EACOP) has said the first batch of 100 kilometres of pipes is completed and in the process of being delivered to the …
Read More »Uganda urged to invest in mineral data to attract investments and create jobs
EU has recently supported the Directorate of Geological Survey and Mines (DGSM) with over Shs3 billion to conduct evaluations of iron ore prospects in Southwestern Uganda Kampala, Uganda | JULIUS BUSINGE | Stakeholders in Uganda’s mining sector have called on the government to make substantial investments in determining the quantities of …
Read More »Museveni declares war on Kenyan fuel middlemen
✳Diesel I. Middlemen’s price – $118 II. Price from bulk suppliers or Refiners -$83 ✳ Petrol I. Middlemen’s price -$97.5 II. Bulk suppliers or Refiners’ price- $61.5 ✳ Kerosene: I. Middlemen’s price – $114 II. Bulk suppliers or Refiners’ price – $79 Entebbe, Uganda | THE INDEPENDENT | President Yoweri …
Read More »Africa’s food and agribusiness industry set to hit US$1 trillion mark by 2030
Despite being home to 65% of the world’s remaining uncultivated arable land, Africa still imports most of its food Kampala, Uganda | RONALD MUSOKE | Africa’s food and agribusiness industry is set to reach US$1 trillion mark by 2030, Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB) told …
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