Wednesday , January 8 2025
Home / Business (page 86)

Business

Business news

MTN Uganda boosts a rural enterprise with coffee processing machines in Sironko District

Kalaa Mugosi Women Empowerment Ltd, serving 1,246 small-scale farmers, has been at the forefront of advocating for economic empowerment to improve community livelihoods Sironko, Uganda | THE INDEPENDENT | Kalaa Mugosi Women Empowerment Ltd, a community-based social enterprise located in Sironko District, Eastern Uganda, has historically encountered challenges in processing and …

Read More »

MTN, Huawei sign partnership

Kampala, Uganda | THE INDEPENDENT | MTN Group and Huawei signed a Memorandum of Understanding for a Joint Innovation Technology Lab, aiming to deepen cooperation in technological innovation. The signing ceremony, which was held at MWC Barcelona, Spain was attended by senior delegations from MTN and Huawei on Feb.28. This strategic …

Read More »

Turkish real estate firm enters Ugandan market

The company plans to invest about US$30million in the short and long term Kampala, Uganda | THE INDEPENDENT |  Turkish real estate firm, VAAL Real Estate, has entered the Ugandan market with its flagship housing project dubbed CADENZA valued at approximately US$30 million. The construction works for CADENZA located in …

Read More »

Five Post Bank staff arrested over theft of sh138million

Arua, Uganda | THE INDEPENDENT |  Arua central police station is holding five staff of Post Bank over the alleged theft of Shillings 138 million. The suspects include Leonard Lakwey, the Operations Manager, Walter Feni, the Customer Service Officer, Resty Lunkuse, David Tenywa, and Brian Olara Okidi, all banking officers at …

Read More »

UEDCL records a 10.5% surge in revenue to Shs88bn

The company faces numerous challenges such as limited funding,long distances of distribution networks and high energy losses Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has recorded a 10.5% surge in revenue to Shs88.5bn for the year ended June 2023. The company executives revealed during the Annual …

Read More »