Mulago to continue charging for specialized services Kampala, Uganda | THE INDEPENDENT | Patients seeking specialized care from Mulago National Specialized hospital will continue paying out of their pockets for drugs and sundries that are not quoted as essential medicines. Mulago Hospital Executive Director Dr Byarugaba Baterana told journalists on Friday …
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The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which …
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The electricity distribution company sees brighter days ahead owed to ongoing COVID-19 vaccination and the anticipated improvement in the economy Kampala, Uganda | ISAAC KHISA | Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit …
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Company executives are optimistic the remaining half will see a surge in power sales, profitability as government relaxes COVID-19 lockdown Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distributor, Umeme, is now pinning its profit growth on the remaining six months of the reporting year following government’s move to ease …
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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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Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited has secured a $70m (Ushs .258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the syndicate including Stanbic Bank Uganda Limited, Standard Chartered Bank and the …
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Kampala, Uganda | THE INDEPENDENT | Businessman Patrick Bitature has reacted angrily to reports that his businesses benefited from an offshore arrangement to lower his tax bill in Uganda. Recently, leaked documents from Mauritius showed that Bitature and his company Electro-Maxx Uganda Limited received loans from Africa Frontier 1 LLC, a …
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More accounts opened as players suggest ways of boosting market activity Kampala, Uganda | JULIUS BUSINGE | There is good news at the Uganda Securities Exchange. The latest market report shows that the number of depository accounts being opened is on the upward trend, signaling a growing interest by the …
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BOD Chairman Patrick Bitature says negotiations to be concluded before end of year Kampala, Uganda | JULIUS BUSINGE | Patrick Bitature is a top businessman and entrepreneur in Uganda with interests in the energy, telecommunication, real estate, mining and hospitality sectors. He has earned respect by chairing boards of several …
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Kampala, Uganda | THE INDEPENDENT | The much anticipated launch of a book about Ugandan businessman, entrepreneur and philanthropist Patrick Bitature at Protea Hotel on Saturday afternoon is expected to attract leading names in East African politics and business. “Inspired By Bitature” is a book that has been published on the business …
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