Business

The company’s service revenue surged by 20.4% to Shs 1.5 trillion, supported by an increase in mobile subscriber numbers, which now stand at 20.7 million. Kampala, Uganda | THE INDEPENDENT | MTN Uganda is set to pay shareholders an interim dividend of Shs 6.6 per share, amounting to Shs 147.8 billion, …

Mbarara, Uganda | THE INDEPENDENT | Ankole traders have voiced concern about their limited knowledge of E-business, which they believe is hindering their growth and competitive edge compared to other traders across the country. Fred Kimbareba, the President of the Mbarara Small Manufacturers Association, expressed that E-business technology has not …

Hoima, Uganda | THE INDEPENDENT | Farmers in Hoima district have been cautioned against compromising the quality of their coffee by ensuring that they do not harvest unripe coffee. Rosemary Mukonyezi, the regional coffee extension officer for Hoima sub-region said harvesting raw coffee not only affects the quality of the final …

Masaka, Uganda | THE INDEPENDENT | A market constructed by the Ministry of Works in Lukaya along the Kampala-Masaka highway in Kalungu district continues to be shunned by the intended beneficiaries. Authorities in the area are confused about what to do with it as it goes to waste under their …

Madi-Okollo, Uganda | THE INDEPENDENT | Up to 192,640 households in the West Nile sub-region are set to benefit from reliable electricity following groundbreaking work by a government-backed independent power developer. The project will establish a 24 MWp Solar Photovoltaic (PV) plant in Madi Okollo district. The solar plant, implemented by …

Kampala, Uganda | THE INDEPENDENT | A total of 60 youth, women, and small and medium entrepreneurs have graduated in the inaugural Enterprise Development Program of the Uganda Development Bank, with a call on institutions to “enable capital flow”. The program is a business incubator designed to prepare businesses to become …

Mbarara, Uganda | THE INDEPENDENT |  An audit report on the operations of Mbarara Central Market Vendors Savings Cooperative Society has found that part of the money donated by President Yoweri Museveni can not be traced. The SACCO received sixty million shillings from the president as a donation for startup …

Kampala, Uganda | THE INDEPENDENT |  Uganda has five new cash millionaires, courtesy of  ITHUBA Uganda, the official operator of the Uganda National Lottery. The historic first ever Ugandan LOTTO jackpot draw on August 3, 2024 produced unlikely winners, going by the two who have so far claimed their winnings …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development is in final stages of drafting a National Tax Policy. The policy expected to become public in December, will provide a set of guidelines for the taxation of goods, services and income as a vital tool …

Energy giant announces projects across Africa including Uganda, Rwanda and Malawi ANALYSIS | AGENCIES | French energy giant TotalEnergies has announced expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian renewable energy company Scatec, the company said in …