The policy frames these mega-projects as key to attracting the private sector interest needed to fuel economic growth, increase exports and alleviate poverty | GEDIMINAS LESUTIS | People’s responses to large infrastructure projects – railways, bridges, highways – are rarely neutral. To some, these projects represent powerful social and political …
Read More »Cipla’s profits rises fivefold to Shs 13.9billion
The company manufactures antiretrovirals, artemisinin-based combination therapies (ACTs) and Hepatitis medicines to treat HIV/AIDS, malaria and Hepatitis | THE INDEPENDENT | Cipla Qaulity Chemicals Ltd, the East African nation’s drug manufacturer, has said net profits surged nearly five times to Shs 13.9 billion for the six months ending September driven …
Read More »MTN Uganda to pay an interim dividend as profits surge to Shs 292.7bn
MTN Uganda has declared an interim dividend of Shs 5.4 per share, a total of Shs 120.9billion, after its net profit surges 21% to Shs 292.7billion for the nine months ending 30th September 2022. | THE INDEPENDENT | This is the second time that MTN Uganda has declared interim dividends …
Read More »Building the critical minerals industry
The hidden environmental, human cost and solutions to the Great Lakes regional peace, security, stability and development In 2007, a global consortium of 31 universities and colleges across the world took part in developing a 5-Seater plug-in hybrid electric vehicle, the Vision 200, targeting the Indian market. This innovation was …
Read More »What’s next for Xi’s China?
Chinese President Xi Jinping opened the 20th National Congress of the Communist Party of China (CPC) by celebrating the destruction of Hong Kong’s autonomy, reiterating the goal of “reunification” with Taiwan, praising the zero-COVID policy, and stressing the importance of economic “self-reliance.” What he did not do was allow the …
Read More »Uganda’s Operation Shujaa one year later
How Kenyan troops, the latest addition, shift eastern DRC puzzle Kampala, Uagnda | IAN KATUSIIME | On Nov. 2, Kenyan President William Ruto flagged off a near 1000 troop contingent to eastern DRC on a stabilisation mission. The deployment of Kenyan troops as part of an East African regional force …
Read More »Ebola lockdown fear
Lessons from COVID show it’s a bad idea COVER STORY | THE INDEPENDENT | Since the first case of the current Ebola outbreak in Uganda was confirmed on September 20, the number of cases had by November 04 topped 131 across seven districts, including 17 in the capital city Kampala. …
Read More »UDB disburses Shs237bn in third quarter of 2022
The Bank’s investment portfolio improve 15% to Shs1.8tn | THE INDEPENDENT | Uganda Development Bank Ltd (UDB) has reported that it disbursed loans worth Shs237bn in the third quarter of 2022, lower than Shs333bn that was approved in the period under review, it said in a media release dated Oct.28. …
Read More »Legal reforms behind Uganda’s insurance boom
The sector has also benefitted from a strong regulator Kampala, Uganda | ISAAC KHISA | Uganda’s insurance sector is more than seven decades old but momentous growth has only been recorded in the last 10 years as multinational and local insurers scramble for a pie of the emerging market. Big insurers …
Read More »URA collects Shs5.4trillion in first quarter of FY2022/23
But it reported revenue shortfall in withholding tax, temporary road license and export levy | THE INDEPENDENT | Uganda Revenue Authority collected net revenue amounting to Shs5.4trillion against a target of Shs5.1trillion for the three months ending September 30, representing a Shs286billion surplus. This represents a 105.58% improved performance and …
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