COMMENT | DAVID BIRUNGI | This year marks 25 years since the reforms that have progressively transformed the communications sector in this country. We join in celebrating the Uganda Communications Commission (UCC) that has presided over most of these reforms – some bad, most of them transformative. In 1989 when …
Read More »UEDCL records a 10.5% surge in revenue to Shs88bn
The company faces numerous challenges such as limited funding,long distances of distribution networks and high energy losses Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has recorded a 10.5% surge in revenue to Shs88.5bn for the year ended June 2023. The company executives revealed during the Annual …
Read More »Chinese VP calls on China-U.S. business circles to beef up mutual trust
BEIJING, CHINA | Xinhua | Chinese Vice President Han Zheng on Friday called on the business circles of China and the United States to consolidate the foundation of friendship and mutual trust and expand cooperation areas. Han made the remarks when addressing the annual appreciation dinner of the American Chamber …
Read More »Professional runners to be part of Absa KH3 – 7 Hills Run
Kampala, Uganda | THE INDEPENDENT | The 2024 Absa KH3 – 7 Hills Run Sunday, March 17 will include professional athletes, who have been invited to spur the event by providing new challenges to runners. Proceeds from the run will again go towards supporting the girl child in school. Speaking …
Read More »Environmentalists petition gov’t over high taxes on plastic recycling machines
Masaka, Uganda | THE INDEPENDENT | Environment activists are appealing to the government for tax exemptions on the machinery they import to support their operations. Martha Nalukenge, the Sales and Communications Officer at EcoBrix-Masaka Recycling Initiative; a local volunteers’ association that promotes proper disposal and management of plastic waste, says the …
Read More »Innovation to boost insurance penetration
Kampala, Uganda | THE INDEPENDENT | The insurance industry has attributed the recent high growth rates in business to the innovation trends, that have seen delivery of services to the public become easier. The business value, measured by the value of the Gross Underwritten Premiums (the money that the public gives …
Read More »Airtel Africa founder Sunil Bharti Mittal knighted
London, UK | THE INDEPENDENT | Sunil Bharti Mittal, Chairman of Airtel Africa has been awarded A Honorary Knighthood, the Knight Commander of the Most Excellent Order of the British Empire (KBE), by King Charles III, in recognition of his contribution towards promoting India-UK business relations. The KBE is one of …
Read More »Suspension of Pivot Payments Ltd raises questions in financial sector
Kampala, Uganda | THE INDEPENDENT | The suspension by Bank of Uganda (BOU) of the operations of Pivot Payments Ltd has raised fresh regulatory questions regarding Uganda’s financial sector. The Central Bank on Thursday suspended the licenses of the company, citing Section 13 of the National Payment Systems Act, 2020. The …
Read More »Cipla Quality Chemical Industries changes name
Kampala, Uganda | THE INDEPENDENT | On Feb.22, in a notice, Emmanuel Katongole, the Chairman and Co-Founder Quality Chemical Industries Limited announced the changes saying the announcement is made pursuant to Rule 36(2) of the Uganda Securities Exchange Listing Rules 2021. “Quality Chemical Industries Limited wishes to notify its shareholders and …
Read More »Leaders meet in Nairobi, discuss a Global Plastics Treaty
Nairobi, Kenya | THE INDEPENDENT | The sixth session of the United Nations Environment Assembly (UNEA-6) has opened in Nairobi Kenya to discuss a global treaty to ban plastics around the world. UNEA is the world’s top decision-making body on the environment. It aims to help restore harmony between humanity and nature, improving …
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