Business

The company’s key drivers for growth included surge in customer base, data and fintech services Kampala, Uganda | THE INDEPENDENT | MTN, Uganda’s biggest mobile phone operator by market value, has reported a 21.1% rise in its third-quarter profit after tax, buoyed by an increasing customer base and heightened demand for …

    Kampala, Uganda | THE INDEPENDENT | For the second consecutive year, all three Uganda Waragi brands – Premium, Pineapple and Coconut – have won Gold Awards in the prestigious 2023 Monde Selection International Quality Awards. This brings the overall number of quality awards won by the brand to …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has warned government agencies in charge of taxation from imposing direct taxes on large scale manufacturers. This, Museveni said, discourages investment. Speaking at Hariss International, the producers of Riham products, at their factory in Kawempe, Museveni said he doesn’t want …

  Kampala, Uganda | THE INDEPENDENT | Ninety five refugees have completed training in hotel and tourism management. This is part of on partnership on Inclusive Jobs and Education for Host Communities, Refugees, and other Forcibly Displaced Persons, a joint initiative of ILO, the UN Refugee Agency (UNHCR), UNICEF, the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour, and sugar over the past 12 months, ending in October 2023. According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation …

Kampala, Uganda | THE INDEPENDENT | The acting Governor Bank of Uganda (BOU) Michael Atingi-Ego has urged savers in the country to always entrust their savings to regulated financial institutions only. “The only way to preserve and grow the value of your money is to earn a return greater than inflation. …

Kampala, Uganda | THE INDEPENDENT | Fish maw traders have protested against high taxes being imposed by the government on fish maw consignments This was contained in a petition delivered on Tuesday to Parliament’s Committee on Agriculture, Animal Industry, and Fisheries by the Fish Maw and Traders Association Uganda Limited. …

Kampala, Uganda | PATRICIA AKANKWATSA | In a concerted effort to champion women’s economic empowerment in Uganda, the Uganda Bankers’ Association (UBA), in collaboration with VISA, hosted a pioneering forum at Mestil Hotel in Kampala on Oct. 24 underscoring the pivotal role of enhancing women’s access to tailored financial services and …

Kampala, Uganda | THE INDEPENDENT | Artificial intelligence could help make it easier to build chemical and biological weapons, United Kingdom Prime Minister Rishi Sunak has warned through a BCC news report. In a worst-case scenario, society could lose all control over AI, preventing it from being switched off, Sunak said. …

Kampala, Uganda | THE INDEPENDENT | Former Finance Minister Prof Ezra Suruma is proposing a referendum to determine how the oil revenue should be utilized. According to Suruma, this is one of the ways Uganda can achieve social protection which involves preventing, managing, and overcoming situations such as poverty, poor …