ART | DOMINIC MUWANGUZI | Aaron Wasala fresh from graduating from art school, began exhibiting his artwork in galleries around Kampala. This was not hard because naturally he had a good talent in painting that earned him a good reception among several gallerists. Years later, Wasala is still regarded as an …
Read More »KCB screens green loans worth KShs. 615bn in 2023
Kampala, Uganda | THE INDEPENDENT | KCB Group screened loans worth KShs. 615 billion for environmental and social risks in 2023 as the Bank races to support projects with positive environmental impacts. This constitutes half of the Group’s loan book as of last year’s end, cementing KCB commitment to sustainable finance. …
Read More »dfcu Bank Posts 45% Surge in Net Profit on Lower Credit Losses and Strategic Fee Growth
Kampala, Uganda | THE INDEPENDENT | dfcu Bank has recorded a robust 45% increase in net profit to Shs 42 billion for the first half of 2024, buoyed by significant reductions in credit losses and strategic cost management. This marks a substantial rise from Shs 29 billion in the same period …
Read More »Raising revenue from land
What African cities might learn from Hong Kong’s unique land-lease system ANALYSIS | ASTRID R.N. HAAS | Land prices across many African cities are soaring. This is because land is a city’s key asset. As urbanisation progresses, demand for land will rise, and therefore so will land prices, because the supply of land in …
Read More »Uganda drills 72 wells ahead of oil production
However, progress on the $4.5 billion refinery remains limited Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil sector is advancing significantly with 72 out of 457 wells drilled at the Tilenga and Kingfisher oil projects as TotalEnergies and CNOOC Uganda Limited push towards commercial production slated for 2025. Energy and Mineral …
Read More »Parliamentary democracy could be a blessing
A major advantage is the relevance it gives small parties as long as they can send a member to parliament COMMENT | MAGEZI KIRIINJJU | The minister of internal affairs, Maj General Kahinda Otafiire was recently quoted in the media addressing another person at a gathering saying; “we fought for democracy, …
Read More »Agora and the crisis of digital media
New communication technology-enabled activist journalism needs empirical frameworks of accountability COMMENT | JOSEPH WERE | The recent public flaying of Agather Atuhaire, Godwin Toko and Jimmy Spire Ssentongo should be a top discussion issue for anyone involved in news media. It is discouraging that most discussion so far has centred on …
Read More »Mpox surge grips Africa
Africa CDC’s vaccine hopes rise on Bavarian Nordic pledge ANALYSIS | MELODY CHIRONDA | “The African Centers for Disease Control and Prevention (Africa CDC) is in talks with Bavarian Nordic to facilitate technology transfer for African manufacturers,” said Dr. Jean Kaseya, the Director General of the Africa CDC, who addressed the …
Read More »Umeme’s profit declines as concession nears conclusion
The electricity distributor recorded 1.61% decline in profit after tax to Shs 12.99 billion for H1, 2024 Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited, has reported a slight decline in profit after tax for the first half of 2024, with earnings down by 1.61% to Shs 12.99 …
Read More »Ghanaian-based flooring company eyes Ugandan market
INTERVIEW | JULIUS BUSINGE & DAVID BASIL | David Basil is a Ghanaian-based entrepreneur running a premium flooring company called Modern Floors. He spoke to Julius Businge during his recent visit to Kampala during the Uganda Buildcon International Exhibition. Who is Basil David Anthony, and what does Modern Floors do? …
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