Business

▶ Kampala Flyover links to: ✅ Kampala-Jinja Expressway ✅ Kibuye-Busega-Mpigi Expressway ✅ Kampala-Entebbe Expressway ✅ Kampala Northern by Pass ▶ Phase 1 ✅ Junction upgrading at Shoprite & Clock Tower ✅ Road upgrading at Queensway, Entebbe, Nsambya, Mukwano & Ggaba roads ✅ Pedestrian bridges at Clock Tower, Shoprite & Kibuli ✅ Underpass at Nsambya Kampala, Uganda | THE INDEPENDENT | …

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council leaders have raised concerns about the failure of Multiplex Limited to meet the deadline for the completion of road works in the city. In May 2021, Multiplex Limited and Ditaco International Trade were awarded a joint contract to construct three roads …

Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Boda Boda riders have sued City Clerk Assy Abireeba Tumwesigye and the City Council for suspending the election of their leaders. Through their Umbrella, Mbarara City General Boda Boda Operators Association, the riders say that the City Clerk is acting in a discriminatory …

London, UK | Xinhua | HSBC, the largest bank in Europe, on Monday said it had bought the United Kingdom (UK) operations of the failed U.S. lender Silicon Valley Bank (SVB) for a single symbolic pound (1.21 U.S. dollar). The move is expected to save many British startups from huge …

  Johannesburg, South Africa | THE INDEPENDENT |  Absa Group has today reported strong normalised headline earnings of R21 billion ($1.15billion) for the 2022 financial year, an increase of 13% from the prior year and well above pre-COVID levels. The result, Absa Group said,  was driven by significantly higher pre-provision …

San Francisco, US | Xinhua | The U.S. government would not bail out Silicon Valley Bank (SVB), Treasury Secretary Janet Yellen said on Sunday as systemic “contagion” worries spread across the venture capital and technology industries. “Let me be clear that during the financial crisis, there were investors and owners …

Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has recorded a 6% increase in revenues to Shs 99.5bn for the year ended Dece.31, 2022, but the profit after tax declined marginally to Shs 9.9bn. The cigarettes distributor said the 4% decline in profit after tax was attributed to a …

Mbarara, Uganda | THE INDEPENDENT | Smirnoff – a product of Uganda Breweries Limited – has announced a new date for the Mbarara Smirnoff Fiesta, which is the 13th of May at University Inn. The Fiestas are countrywide experiences through which Smirnoff curates full brand immersions that tap into pop …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has proposed to pay a final dividend of Shs 123bn or Shs 5.5 per share to shareholders following double-digit growth in profits for 2022. The annual financial results show that the Uganda Securities Exchange-listed firm recorded a 19.3% growth in profit after tax …