UEGCL remains optimistic that official launch of the project is set for August Kampala, Uganda | JULIUS BUSINGE | On Monday, April 02, another step towards having a high-tech, well built 183MW Isimba hydro power plant was demonstrated by its main overseer– Uganda Electricity Generation Company Limited (UEGCL). The Dam …
Read More »Why Ugandan bankers are heading to court to battle URA
Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) is challenging a directive to its members requiring them to furnish information related to all the accounts they hold. Uganda Revenue Authority (URA) last month wrote to all Ugandan banking institutions asking them to release demographic and financial …
Read More »Chesang makes history with 2nd gold for Uganda
Chesang GOLD ?? Chelangat Bronze ?? Gold Coast, Australia | THE INDEPENDENT | Stella Chesang joined the list of Ugandan Commonwealth Games champions by winning the 10,000m final emphatically at the Gold Coast event on Monday. She becomes only the second ever Uganda champion in the women’s events after Dorcus Inzikuru, winner …
Read More »Tanzania – Uganda oil players share opportunities
Kampala, Uganda | JULIUS BUSINGE | With the first oil expected towards the end of 2020 in Uganda, players are already exploring more ways of reaping from the sector. The latest avenue was a two-day local content workshop organized by the Association of Uganda Oil and Gas Service Providers (AUGOS) in …
Read More »Uganda’s banks brace for tough year again?
Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …
Read More »Local transformer manufacturers to benefit from BUBU
Kampala, Uganda | GODFREY SSALI | Government has taken a decision to prioritize local manufacturers of transformers in government procurement processes as one of the moves to promote Buy Uganda Build Uganda. This was agreed on during a meeting convened by the Ministry of Trade with local companies that manufacture transformers, …
Read More »HRM Professionals bill, 2017 to be tabled before Parliament
Kampala, Uganda | GODFREY SSALI | Government has finalized the drafting of a new bill aimed at regulating Human Resource practitioners and putting in place new measures to professionalize the human resource industry and protecting it from errant officers. This was revealed by the outgoing president of The Human Resource …
Read More »DFCU profits expose BoU ‘sweetheart deals’
DFCU DEAL: Taxpayer stands to lose Shs300bn Kampala, Uganda | HAGGAI MATSIKO | When Juma Kisaame; the Managing Director of DFCU Bank, looks at its latest financial results, he might have reason to smile and to worry. The bank’s latest financial results have excited shareholders but are also …
Read More »Cheptegei wins GOLD
▶ 5000m Cheptegei GOLD ??GC2018athletics Gold Coast, Australia | THE INDEPENDENT | Uganda’s long distance ace Joshua Cheptegei has won the 5000m gold at the 2018 Commonwealth Games. After a slow start, 21-year-old Cheptegei took charge of the race in the last 5 of 12.5 laps, finishing powerfully in 13:50.83 for …
Read More »Who can stop Uganda’s Cheptegei?
Sunday Results – 100m 4th in Heat 2 – Scovia Ayikoru 11.86 5th in heat 1 – Pius Adome 10.70 Netball England ??????? 55 Uganda ?? 49 (Proscovia 23 goals, Nanyonga 22) Schedule ▶ 9.40am – ?? GC2018athletics 5000m final ▶ 10.26am – ?? GC2018athletics 100m semifinal Gold Coast, Australia | THE INDEPENDENT & AFP | Uganda’s …
Read More »