Kampala, Uganda | THE INDEPENDENT | Uganda is responsible for the continent’s decline in coffee exports in February 2022, a new report by the International Coffee Organization (ICO) indicates. The March 2022 Coffee Market report shows that exports from Africa fell from 1.11 million bags in February 2021 to 975,000 bags …
Read More »Uganda, Kenya sign defense, security cooperation agreement
Kampala, Uganda | THE INDEPENDENT | Uganda and neighboring Kenya have signed a defense and security agreement that will facilitate joint cooperation in addressing threats like terrorism, a ministry of defense statement said on Thursday. The agreement was signed on Wednesday by Uganda’s Minister of Defense and Veteran Affairs Vincent Ssempijja …
Read More »Commercial development of our oil presents tremendous opportunities for Ugandan firms
COMMENT | TOM JOSEPH MUKASA | Following the full opening of our economy, one can now say, ‘the year started on a good note.’ But even better is the blessing of the Final Investment Decision (FID) by crucial players TotalEnergies, CNOOC, UNOC and TPDC in our oil and gas …
Read More »LOP Mpuuga hosts EU human rights chief
Kampala, Uganda | THE INDEPENDENT | The Leader of the Opposition in Parliament (LOP), Mathias Mpuuga has held talks with the European Union (EU) Special Representative on Human Rights, Eamon Gilmore over the human rights situation in Uganda. Gilmore flew in from Brussels for a three-day working visit during which he …
Read More »Stanbic goes for SACCOs, young clients
The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …
Read More »Uganda unveils mortality table for life insurers
Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …
Read More »Umeme net profits up
The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …
Read More »Briquette maker turns the heat on charcoal
Conservationist starts venture to use up 65% of harvested trees that often goes to waste Kampala, Uganda | RONALD MUSOKE | Uganda’s tropical high forests have been declining rapidly and conservationists have been relentless in sounding the alarm over their imminent disappearance in the next two decades unless something is …
Read More »Boosting tax compliance
Uganda study shows text messages can work | ISABELLE COHEN | Every government needs money to fund its political, social and economic duties. Much of what they spend is generated from taxes, fines and sales of public goods and services. The exchange of these revenues for government services is at …
Read More »Opposition to Uganda oil pipeline
Why Pope Francis met two young Ugandan women activists determined to stop it Kampala, Uganda | RONALD MUSOKE | Groundwork on keystone oil and gas infrastructure projects is beginning to take shape in western Uganda after TotalEnergies and CNOOC in February signed off the necessary Final Investment Decision (FID). But …
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