Three ways to spot them Kampala, Uganda | David R. Katerere | At the end of a long day, you realise you’re starting to get a headache. So you buy painkillers from the street vendor, and take two. But how do you know what those pills really are? The vendor isn’t …
Read More »The world is hooked on junk food
How big companies pull it off Kampala, Uganda | Agnes Erzse | It is almost impossible nowadays to listen to the radio, watch TV or scroll through social media without being exposed to an advertisement telling us that all we need for a little happiness and love is a sugary drink or …
Read More »Bank of Uganda: Oil will attract FDI in excess of $15bn in the medium term
Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …
Read More »2023 Africa Wealth Report
It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …
Read More »Funding climate change-induced losses and damage
UN moves to set-up Fund for poor and developing countries Kampala, Uganda | RONALD MUSOKE | The United Nations has established a transitional committee to begin work on operationalizing a new fund whose purpose is to respond to climate change-related losses and damage in poor and developing countries like Uganda. …
Read More »dfcu bank’s net profit more than doubles to Shs 30.6bn
Kampala, Uganda | THE INDEPENDENT | dfcu bank’s profit after tax has more than doubled to Shs 30.6bn for 2022 owing to a sharp drop in operating expenses. The lender’s impairment losses on financial instruments fell from Shs 148bn in 2021 to Shs 88bn as interest payment on deposits dropped from …
Read More »MTN Uganda to invest Shs295million in new dormitory at Salama School for the Blind
Kampala, Uganda | THE INDEPENDENT | MTN Uganda through its Corporate Social Responsibility arm, MTN Foundation, has today commenced the construction of a new girls’ dormitory at Salama School for the Blind worth Shs295 million to improve accommodation services for the learners. The 36-bed facility to accommodate up to 72 learners …
Read More »Life insurance catching up with the non-life insurance segment
Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association has unveiled a campaign dubbed Wewanile to rally the population to purchase life insurance services. The Independent caught up with UIA CEO Jonan Kisakye to highlight the significance of the campaign and life insurance growth prospects. What is your assessment of the …
Read More »ICPAU publishes list of licensed accounting firms
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda has published the list of accounting firms and practising accountants licensed to operate in Uganda as at March 31, 2023. The list contains 248 accounting firms and 398 practising accountants. There are 10 new firms and 21 …
Read More »Uganda’s vanishing glaciers
Time is running out for the once-sprawling ice fields in the Rwenzori Mountains Kampala, Uganda | John Wendle | Enock Bwambale stopped at the lip of the dying glacier, its blunted nose arcing steeply down to scoured rocks, then shouted up to his fellow guide Uziah Kule that the ice was too …
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