Business

Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …

Kampala, Uganda | THE INDEPENDENT |  International Medical Centre’s growing list of branches has extended to Kireka, on Jinja Road just outside Kampala City. The facility that opened today, will provide specialized and general medical services to residents of Kireka and surrounding areas of Kira Municipality. IMC Kireka is part of the …

Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …

Mazima Retirement Plan was in 2016 granted an operating licence by the industry regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The company’s CEO Livingstone Mukasa spoke to the Independent’s Isaac Khisa about the progress registered in promoting voluntary retirement plans targeting informal sector and the opportunities that lies ahead. Two …

  Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to explain why they have decided to fund an investor to construct an international specialized hospital. Government plans to guarantee a loan of $ 379 million to an investor for the construction of an International Specialized Hospital …

Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …

Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …

San Francisco, United States | AFP | Uber on Friday released earnings figures that showed its loss narrowed in the final quarter of last year while revenue growth slowed as the ridesharing giant prepares for a stock market debut. The loss for the final three months of the year amounted to …

Kampala expels boss of MTN’s Uganda arm, citing ‘national security’ Kampala, Uganda | AFP | Compromising national security has been cited as one of the reasons Kampala has deported the Belgian CEO of the Ugandan branch of MTN Wim Vanhelleputte. It is the fourth such expulsion targeting the South African telecoms …

Kampala, Uganda | THE INDEPENDENT | MTN-Uganda Chief Executive Officer, Wim Vanhelleputte has been deported. Wim Vanhelleputte was deported on Thursday night aboard Brussels Airlines on the orders of the Internal Affairs Minister, Gen Jeje Odong. The Belgian is the fourth employee of Uganda’s telecom giant to be deported in the …