In The Magazine

Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …

Hilton Hotel towers leaves a complicated legacy Kampala, Uganda | THE INDEPENDENT | The Hilton Hotel was Nairobi’s first skyscraper. The iconic cylindrical tower was opened in 1969 by President Jomo Kenyatta, six years after Kenya’s independence from Britain. The recent closure of the hotel after more than 50 years of …

Move underway to expand the initiative Kampala, Uganda | THE INDEPENDENT | Phase Two of the Africa Women Health Champions (AWHC) initiative is underway and it will be bigger with an expanded reach. The World Health Organisation Regional Office for Africa (WHO-AFRO) and United Nations Volunteers (UNV) programme partnered on Africa …

Kampala, Uganda | THE INDEPENDENT | The Directorate of Fire Prevention and Rescue Services of the Uganda Police is working on a law that will make it mandatory for every building owner to put in place fire hydrants and other services that can be used to put out fires. The Police …

Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has recorded a 6% increase in revenues to Shs 99.5bn for the year ended Dece.31, 2022, but the profit after tax declined marginally to Shs 9.9bn. The cigarettes distributor said the 4% decline in profit after tax was attributed to a …

Entrepreneur, attorney and best-selling author NJ Ayuk releases book on ending Africa’s energy poverty Kampala, Uganda | THE INDEPENDENT | Entrepreneur, attorney and best-selling author NJ Ayuk has officially released his most recent book, titled ‘A Just Transition: Making Energy Poverty History with an Energy Mix.’ The book is now available …

Kampala, Uganda | THE INDEPENDENT | A species of mosquito that can carry malaria known as Anopheles stephensi has invaded eastern Africa. Moina Spooner, from The Conversation Africa, in October 2020 asked Jeremy Herren and Clifford Mutero; scientists at the International Centre of Insect Physiology and Ecology in Nairobi, to provide …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has proposed to pay a final dividend of Shs 123bn or Shs 5.5 per share to shareholders following double-digit growth in profits for 2022. The annual financial results show that the Uganda Securities Exchange-listed firm recorded a 19.3% growth in profit after tax …

Kampala, Uganda | THE INDEPENDENT | The Reserve Bank of Malawi has awarded a licence to Centenary Group and the Catholic Church Archdiocese of Lilongwe to carry out banking operations in Malawi. The name of the new bank is Centenary Bank Limited, with Centenary Group holding majority shareholding and the Catholic …

Kampala, Uganda | THE INDEPENDENT | The Public Procurement and Disposal of Public Assets (PPDA) tribunal has cancelled the aviation fuel supply contract that Uganda National Airlines had awarded to Vivo Energy, citing procurement irregularities. On November 8, 2022, Uganda Airlines, through a newspaper advertisement, invited sealed bids for the procurement …