Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited scooped the Gold Accolade for the Integrated Report of the Year award at the 2023 Financial Reporting Awards held in Kampala on Nov.1. National Social Security Fund won Silver while PostBank went home with Bronze. Organised by the Institute of Certified …
Read More »MTN Uganda records 21.1% rise in Q3 profit to Shs 354.4bn
The company’s key drivers for growth included surge in customer base, data and fintech services Kampala, Uganda | THE INDEPENDENT | MTN, Uganda’s biggest mobile phone operator by market value, has reported a 21.1% rise in its third-quarter profit after tax, buoyed by an increasing customer base and heightened demand for …
Read More »Uganda Waragi brands winners again at the 2023 Monde Selection Gold Quality Awards
Kampala, Uganda | THE INDEPENDENT | For the second consecutive year, all three Uganda Waragi brands – Premium, Pineapple and Coconut – have won Gold Awards in the prestigious 2023 Monde Selection International Quality Awards. This brings the overall number of quality awards won by the brand to …
Read More »President Museveni opposes direct taxes on manufacturers
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has warned government agencies in charge of taxation from imposing direct taxes on large scale manufacturers. This, Museveni said, discourages investment. Speaking at Hariss International, the producers of Riham products, at their factory in Kawempe, Museveni said he doesn’t want …
Read More »Refugees reap from hotel apprenticeship
Kampala, Uganda | THE INDEPENDENT | Ninety five refugees have completed training in hotel and tourism management. This is part of on partnership on Inclusive Jobs and Education for Host Communities, Refugees, and other Forcibly Displaced Persons, a joint initiative of ILO, the UN Refugee Agency (UNHCR), UNICEF, the …
Read More »Sugar, onions and maize flour prices slow down Uganda inflation
Kampala, Uganda | THE INDEPENDENT | Uganda’s year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour, and sugar over the past 12 months, ending in October 2023. According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation …
Read More »BOU: Save only in regulated financial institutions
Kampala, Uganda | THE INDEPENDENT | The acting Governor Bank of Uganda (BOU) Michael Atingi-Ego has urged savers in the country to always entrust their savings to regulated financial institutions only. “The only way to preserve and grow the value of your money is to earn a return greater than inflation. …
Read More »Fish maw traders protest high taxes, brutality on water bodies
Kampala, Uganda | THE INDEPENDENT | Fish maw traders have protested against high taxes being imposed by the government on fish maw consignments This was contained in a petition delivered on Tuesday to Parliament’s Committee on Agriculture, Animal Industry, and Fisheries by the Fish Maw and Traders Association Uganda Limited. …
Read More »Banks, VISA forum seeks to promotes women’s economic empowerment
Kampala, Uganda | PATRICIA AKANKWATSA | In a concerted effort to champion women’s economic empowerment in Uganda, the Uganda Bankers’ Association (UBA), in collaboration with VISA, hosted a pioneering forum at Mestil Hotel in Kampala on Oct. 24 underscoring the pivotal role of enhancing women’s access to tailored financial services and …
Read More »UK PM Rishi Sunak speaks out on AI risks
Kampala, Uganda | THE INDEPENDENT | Artificial intelligence could help make it easier to build chemical and biological weapons, United Kingdom Prime Minister Rishi Sunak has warned through a BCC news report. In a worst-case scenario, society could lose all control over AI, preventing it from being switched off, Sunak said. …
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