The company distributes power in nine service territories covering 74 districts countrywide Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has reported a 9% increase in revenues to Shs80.1bn for the period ended June 2022 citing an increase in operational efficiency and increased customer connections. UEDCL Managing …
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Kampala, Uganda | THE INDEPENDENT | The headline Stanbic Purchasing Managers’ Index (PMI) dipped to 51.2 during February from 53.2 in January as business activity increased in the services and wholesale and retail categories, but decreased in agriculture, construction and industry. However, the Ugandan private sector remained in growth territory at …
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Kampala, Uganda | THE INDEPENDENT & AGENCIES | Jeremy Awori, Kenya’s seasoned banker, has officially joined Ecobank as its new Chief Executive Officer (CEO), a few months after exiting Absa Bank Kenya. Awori was appointed Pan-African lender CEO in September of last year, succeeding Ade Ayeyemi, who retired. He joins from …
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Kampala, Uganda | THE INDEPENDENT | The Board of Directors of East African Breweries PLC hereby announces the retirement of Japheth Katto as a director of the company with effect from Feb.28. Katto steps down after having served the company for nine years as an independent director. “The Board takes this …
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Kampala, Uganda | THE INDEPENDENT | BAT Uganda has called upon the Government to ramp up efforts to curb illicit trade in cigarettes, which it says is impacting the sustainability of its business. In its 2022 performance results, the company says it recorded a 6% revenue growth, to Shs99.5 billion. Profit …
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Airtel Uganda re-affirms commitment to support 2023 Masaza season Kampala, Uganda | THE INDEPENDENT | The 2022 Airtel – Masaza Cup tournament organized by Buganda Kingdom in partnership with Airtel Uganda has climaxed with Busiro claiming the 2022 Title against Buddu. Busiro beat Buddu 2-1 in added time of today’s …
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Goma, DRC | THE INDEPENDENT | The government of the Democratic Republic of Congo has suspended traffic on four major roads connecting to Goma City in North Kivu province, just one day after re-opening. The authorities had allowed the resumption of traffic along Goma-Rutshuru-Kanyabayonga, Goma-Sake-Kitshanga-Kanyabayonga, Goma-Sake-Kitshanga-Pinga, and Goma-Sake-Mushaki-Masisi – Walikale …
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COMMENT | MICHAEL MUKASA | Over the past three decades, the internet has become an integral part of our daily lives. Technology has transformed the way we communicate, obtain information and do business. However, the benefits of the internet have not reached everyone equally, especially in the underserved areas …
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Kampala, Uganda | THE INDEPENDENT | The journey of digital financial inclusion within Uganda’s big informal economy continues to make important milestones. This journey is important in the delivery of an economy that works for the many and reducing the cost of doing business. In May 2022, Airtel Mobile Commerce Limited …
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Hong Kong | THE INDEPENDENT | CNOOC Limited announced today that it has discovered Bozhong 26-6 oilfield in Bohai Sea, which brings another hundred million tons of reserves. Bozhong 26-6 oilfield is located in the south of Bohai Sea, with an average water depth of 22 meters. The main oil-bearing …
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