Business

Kampala, Uganda | THE INDEPENDENT | A top property manager and consultant has warned developers about developing condominium units of housing without putting the market preference in mind. A condominium is a building structure divided into several units which can be separately owned, while the separate owners jointly own some …

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has been assigned a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale. Assigned by Fitch Ratings, a world-renowned international credit rating agency, the Bank was also assigned a Long-Term Issuer Default Rating (IDR) …

Tokyo, Japan | (Xinhua | Japan Industrial Partners Inc., a Tokyo-based investment fund, announced Monday it will launch a 2 trillion yen (about 14 billion U.S. dollars) tender offer for Toshiba Corp. on Tuesday, a move that would end the company’s 74-year history as a public company. The tender offer …

Shareholders could earn Shs5.6 per share in September Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported an 18% jump in profit after tax to Shs228bn in the first six months of 2023 compared to Shs193bn reported in the same period last year. The company’s Chief Executive Officer Sylivia Mulinge …

The Fund maintained its investment bias towards government securities as assets crossed the Shs1 trillion mark Kampala, Uganda | THE INDEPENDENT | Retail investors with a holding in UAP Old Mutual’s collective investment scheme will earn 11% interest on their funds as Assets Under Management cross the Shs1 trillion mark for the …

Kampala, Uganda | THE INDEPENDENT | On Aug.4, Kampala, Centenary Bank together with Rotary Uganda partnered with the Ministry of Foreign Affairs to rally Ugandans in the diaspora and well-wishers in other countries to participate in the 2023 Cancer Run. This year’s run will be held under the theme: Run for …

Kampala, Uganda | JULIUS BUSINGE | Uganda Tourism Board has started a nationwide grading and classification exercise for hotels and other tourist facilities. This was revealed at a news conference held in Kampala on Aug.2 by Lilly Ajarova, the chief executive officer of UTB, Uganda Hotel Owners Association Chairperson and Vice …

Kampala, Uganda | THE INDEPENDENT | On July 27, MultiChoice Uganda through the Group’s flagship Corporate Social Value (CSV) programme, MultiChoice Talent Factory (MTF) announced a call for enrollment in short online courses for film industry actors. The fully-funded introductory TV production short online courses will be conducted by MTF in …

Kampala, Uganda | THE INDEPENDENT | The Indian government will contribute US$2 million to the Africa Digital Financial Inclusion Facility (ADFI) housed and managed by the African Development Bank to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa. Manisha Sinha, …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has attained the ISO 9001: 2015 Quality Management Systems Certification. The achievement comes after excelling in the Quality Management Systems Audit carried out by Axe Register, covering the Development of National and Regional Standards for products and services (Standards …