Business

Kampala, Uganda | THE INDEPENDENT | Allianz, one of the world’s leading insurers and asset managers has acquired a majority stake in Jubilee Insurance Uganda. This is part of the USD 100 million investment in the East African region. The acquisition follows the execution of an agreement signed on September …

System provides Africa with greater capacity to conduct cross-border transactions, expand opportunities Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank and the Secretariat have rolled the Pan-African Payment and Settlement System (PAPSS), revolutionalised financial market infrastructure to enable instant, cross-border payments in local currencies between African …

The company’s share price has tumbled from Shs 256.5 during the IPO period to less than Shs100 Kampala, Uganda | ISAAC KHISA | Cipla Quality Chemical Ltd is considering widening its product portfolio as part of its new strategy to improve its fortunes in the medium term. The company has …

  London, UK | THE INDEPENDENT | The Minister of Security Maj. Gen Jim Muhwezi is the Ugandan minister cited in the Pandora Papers as having secret offshore properties. On Monday, the International Consortium of Investigative Journalists-ICIJ released the now-famous Pandora Papers where it reviewed more than 11 million documents …

Tororo, Uganda | THE INDEPENDENT | Residents of Lyokango trading center commonly known as Mile 5 in Tororo district have raised concern over the increasing number of commercial sex workers in their area. The residents say the number of commercial workers has been increasing since the inception of Hima and Simba …

Kampala, Uganda | THE INDEPENDENT | The third edition of the annual KTA Symposium, to be held under the theme, “Harnessing Intellectual Property in the Fourth Industrial Revolution,”  takes place in Kampala October 21 through to 22, 2021. Key among the objectives of this symposium organised by KTA Advocates is …

  Kampala, Uganda | THE INDEPENDENT | The Civil Aviation Authority (CAA) has been given two days to provide a report about the power outage that paralysed business at the Entebbe International Airport a week ago. The demand was made during a meeting between a team from the Civil Aviation …

➡️ 3.5 kilometers runway ➡️ Long enough for: ✅Boeing 777 ✅Antonov 124 Hoima, Uganda | THE INDEPENDENT | Construction of the Hoima-based Kabaale International Airport will be completed in 16 months from now. The contractor-SBC and Uganda Refinery Holding Company say slightly above 30 percent of the work is yet …

New boss determined to pump out Uganda’s oil in four years Kampala, Uganda | RONALD MUSOKE | Philippe Groueix took over from Pierre Jessua on Sept. 01 as the General Manager of TotalEnergies EP Uganda with one critical goal on his mind: commercializing Uganda’s oil resources by 2025. Uganda first …

This will potentially be the largest IPO on the Ugandan market and will be delivered primarily through a digital paperless/ green platform which is the first of its kind in East Africa Kampala, Uganda | THE INDEPENDENT | MTN Uganda has today announced intentions to float 20% of their shares …