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In The Magazine

magazine stories

Umeme records Shs139bn net profit

Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …

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Equity bank, FSDU to boost refugee’s livelihoods

Looming project will promote financial inclusion and economic prosperity Kampala, Uganda | JULIUS BUSINGE | Financial institutions are carrying out a study to inform potential investors about the viability of doing business in refugee settlement areas and host communities. Equity Bank, Financial Sector Deepening Africa, Financial Sector Deepening Uganda and …

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UN agency unveils $15m digital project

It is targeting one million people in key economy sectors Kampala, Uganda | JULIUS BUSINGE | Small and medium businesses in northern Uganda now have a big opportunity to exploit from a Shs57bn new project that aims to use information technology tools to offer services for the next five years. …

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Fossil fuel and climate change

As pressure builds to phase out fossil fuels in Africa, African Business Magazine’s NJ Ayuk argues that we must not rob our continent of the benefits it can realise from oil and gas. Africans | THE INDEPENDENT | Pressure is building to phase out fossil fuels in Africa to fight …

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Coronavirus bailout

COVER STORY | THE INDEPENDENT TEAM |  As the coronavirus pandemic ravages the globe, countries are scrambling to protect citizens financially, cushion businesses and companies, and ensure their economies do not fail from the fallout. This is because the coronavirus pandemic is not only straining the world’s health sector, businesses …

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