Business

  By Jocelyn Edwards The man who got Shs 250 billion from selling Uganda’s oil has a ‘deal with him at your own risk’ tag in financial circles The company that may have taken Uganda for a ride in the deals for one of its most valuable resources is headed …

By Mubatsi Asinja Habati The Public Procurement and Disposal of Public Assets Authority (PPDA) has launched an electronic register of providers of procured materials to the government. PPDA Executive Director Edgar Agaba said the e-register will provide details to enable the government to identify local companies and providers who are …

By Patrick Kagenda Hirome Mayanja Sabbehe, the director of Shamila Contractors, was the chairman of the Uganda business community in south Sudan from 2005 to the beginning of 2007. He dealt in human drugs in Malakal in the Upper Nile State of south Sudan. It was here that he met …

By Ariel Rubin A scathing new report issued by the London-based environment and governance watchdog Platform has put government and oil companies under fire. Revealing for the first time one of the production sharing agreements (PSAs) between Heritage and the government, Platform’s analysis reveals that, contrary to oil company and …

By Joseph Were It has not been a wonderful world at Zain Uganda according to its official third quarter financial statements. The telecom giant recorded a net loss of US$ 3.6 million (approx. Shs7 billion) over the three months’ period ending September 30 on top of a 27 percent drop …

By Joshua Masinde Ugandans are set to enjoy improved reception quality, a variety of channels, clear audio signals, and sharper visuals with the adoption of digital broadcasting. The switch to Digital Terrestrial Television (DTTV) is being engineered by Next Generation Broadcasting (NGB) and Uganda Broadcasting Corporation (UBC). NGB Executive Director …

By Joshua Masinde 7th phone firm promises cheaper calls Ugandans have a reason to smile. They have a seventh telecommunications operator to choose from. Aptly called Smile, the new company which launched operations last week promises cheaper call rates. Smile CEO, Irene Charnley said its target is the segment of …

By Patrick Kagenda Bank of Uganda last week issued a Shs 60 billion 10 year bond and will issue another bond of a similar magnitude at the beginning of December. The Independent’s Patrick Kagenda talked to Stephen Kaboyo the director Financial Markets Department at the central bank. What financial instruments …

By Joshua Masinde Essar had earlier paid US$ 3 million in licence fees to receive Uganda’s sixth mobile licence Warid Uganda could have been sold by the end of the week if everything went according to plan. Essar Group, one of the largest Telecommunication industries in India is the intending …

By Independent Team MTN’s Average Revenue per User (ARPU) which describes how much money each subscriber spends on average on the network has declined, according to its latest figures. Following on a pattern set in the past, Ugandans have continued to spend less on phone calls as they make shorter …