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Independent Reporter

Inside Umeme’s Shs47.5bn loss

  UMEME: Company fails to win court case against ERA, writes off Shs115.3bn from its balance sheet  Kampala, Uganda | JULIUS BUSINGE | Electricity distributor, Umeme Limited, recorded a first ever loss since it listed its shares on the Uganda Securities Exchange and the Nairobi Secures Exchange five  years ago. …

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Kadaga commissions paper processing plant

MP Abigaba roots for investment in the manufacturing of eco-friendly paper bags to replace ‘Kaveera’ Kampala, Uganda | GODFREY SSALI | Government has been urged to invest in the manufacturing of eco-friendly paper bags made from banana stems. The eco-friendly paper bags will help waste disposal by households as Uganda moves to implement the …

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Govt issues oil exploration license to Australians Armour Energy

Uganda Government issues Kanywataba petroleum exploration license to Armour Energy Limited Kampala, Uganda  | JULIUS BUSINGE | Uganda has handed over the petroleum exploration license in the Kanywataba block in the Albertine area to an Australian company – Armour Energy Limited. Speaking at a press conference at the Ministry of Energy offices in Kampala …

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