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 …
Read More »Elon Musk wrong on Twitter
Research shows content rules on Twitter help preserve free speech from bots and other manipulation | FILIPPO MENCZER | Elon Musk’s acquisition of Twitter on Oct. 27, 2022 has triggered renewed debate about what it means for the future of the social media platform, which plays an important role in …
Read More »Congo war nears Uganda
Local and foreign-backed forces wage war over mineral riches Some residents of the eastern Democratic Republic of Congo simply call it la guerre sans fin — the war without end. One morning in August, Abigael Bahati felt it in her skin as she searched for cassava leaves close to the …
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