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Tag Archives: Uganda

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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