Kampala, Uganda | THE INDEPENDENT | Protea Hotel by Marriott Kampala Skyz on Friday hosted President Yoweri Kaguta Museveni as it marked five years of operations. The hotel is celebrating years of operations filled with noteworthy accomplishments, tremendous growth, impactful partnerships, and industry accolades. Since 2017, Protea Hotel Skyz has set …
Read More »Vantage not deterred by Bitature’s continued abuse of court processes
Kampala, Uganda | THE INDEPENDENT | Vantage Mezzanine Fund II Partnership, a South African based capital fund has vowed to recover all the money that Kampala businessman Patrick Bitature owes them. In a lengthy advertorial published in the Daily Monitor newspaper today, Vantage explained the genesis of the dispute between them …
Read More »Concession delays could result in Karuma electricity losses – Umeme
Kampala, Uganda | THE INDEPENDENT | Electricity distributor Umeme has appealed to parliament to review the laws that affect the power sector, especially those that directly affect the pricing of power to the final consumer. The high cost of electricity and the unstable supply are the major concerns presented by electricity users …
Read More »No dividends for shareholders as Umeme concession uncertainty persists
Kampala, Uganda | THE INDEPENDENT | Electricity distributor Umeme has decided not to pay out any dividends to its shareholders despite the significant recovery in business over the last one year, according to the performance indicators. The unexplained decision comes amidst what the company calls uncertainty created by the delayed government …
Read More »Museveni’s remarks rattle umeme shareholders
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni labor day remarks over electricity distribution costs seems to have sent shock waves among shareholders of Umeme Limited-the main electricity distribution company. The concern over the President’s statement emerged on Thursday as Umeme MEME shareholders met for the annual general meeting in Kampala. …
Read More »Umeme posts 70% profits fall due to Covid 19
Kampala, Uganda | THE INDEPENDENT | Electricity Company Umeme Ltd has posted a net profit of 41.1 Billion Shillings from its 2020 operations. This is a decline of 69% from the 139.2 Billion Shillings it recorded in the year 2019. The huge fall in the profits is largely attributed to …
Read More »Mismatch between school curriculum and market demand – Museveni
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has said there is a mismatch between the school curriculum and the demands of the job market. This he says has created a skills gap among the young people in Uganda. Museveni says science courses have a high demand in the …
Read More »BITATURE: Umeme committed to powering Uganda’s prosperity
COMMENT | Patrick Bitature | I would like to congratulate the government for having successfully gone through the 2019 Manifesto Week, that run from 13th -24th May 2019. I particularly would like to applaud government for having attained a mid-term manifesto implementation score of 62 percent to date, according …
Read More »Virtual University of Uganda seeks to raise $US1 million for scholarships
Kampala, Uganda | THE INDEPENDENT | Virtual University of Uganda (VUU), Sub-Saharan Africa’s first private online only university and a vanguard in the technological revolution in university education, has kicked off a campaign to raise US$1 million in scholarships and bursaries for masters and postgraduate degrees in Africa. The Fund dubbed …
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