Business

The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …

Agago, Uganda | THE INDEPENDENT | Agago district has rejected 200 bee hives on grounds that they were procured in disregard of the formal procurement process.  The beehives were reportedly dumped at the district headquarters two weeks ago by the supplier without the knowledge and approval of the receiving committee …

Copenhagen, Denmark | Xinhua |  Denmark will expand the capacity of a renewable energy island in the Baltic Sea to secure more power links to Germany and the rest of Europe, the Danish energy ministry said on Monday. The Energy Island of Bornholm, an offshore energy hub approximately 169 kilometers …

River Nile countries push for an interconnected power grid SPECIAL FEATURE | ESPOIR IRADUKUNDA & RONALD MUSOKE |  It is 9am in downtown Bujumbura— Burundi’s commercial city, and the alleys are already crowded with buyers and sellers haggling noisily over prices of merchandise. They must shout to be heard because …

2nd African conference held on debt accountability mechanism Kampala, Uganda  | IAN KATUSIIME | Fears about growing debt in African countries led to the hosting of the second African conference on Debt and Development that happened simultaneously in five African countries. Uganda Debt Network (UDN), a national advocacy organisation on …

  New Delhi, India | Xinhua |  India is turning into a hub of e-vehicles, both two-wheelers and four-wheelers, and the country is witnessing a “silent revolution” as the e-vehicles do not make noise, said Prime Minister Narendra Modi on Sunday. Speaking at the commemoration of 40 years of Suzuki …

Kampala, Uganda | THE INDEPENDENT | Planned activities of the National Physical Planning Board – NPPB are on standstill due to funding constraints, the Board’s leadership has disclosed. In an interview with Uganda Radio Network, Dr. Amanda Ngabirano, the Board’s Chairperson revealed that in this quarter, the Ministry of Finance, …

Kampala, Uganda | THE INDEPENDENT | The eviction of encroachers on Lubigi Wetland has left taxi operators stranded.   Last week, the National Environment Management Authority (NEMA) and the Ministry of Water and Environment embarked on an operation of restoring the Lubigi wetland. Busega taxis were also affected leaving passengers to …

Mukono, Uganda  | THE INDEPENDENT | The proposed construction of a modern market in Mukono Municipality hangs in balance due to the lack of sufficient land. The municipality was given green light by the Ministry of Local Government to present all the necessary requirements which include the land title and benefit …

Kampala, Uganda | THE INDEPENDENT | Professor Wasswa Balunywa, the former Board Chairman of Uganda Airlines Corporation, says the revived national carrier should focus more on commencing flights to China and not the United Kingdom. He was responding to media reports that the airline has not yet acquired a permit …