Business

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …

Kampala, Uganda | THE INDEPENDENT | RentBeta, is a digital financial solutions platform for managing rental properties and has been launched, tailored with extra service focused on making life easier for both landlords and tenants through online interactions. “Most landlords are on the lookout and some have adopted unreliable solutions to …

Nairobi, Kenya | THE INDEPENDENT | Airtel Africa  has restated its commitment to the relentless pursuit of a better future for African children through the provision of access to digital education. Dr Segun Ogunsanya, CEO of Airtel Africa plc that is a leading provider of telecommunications and mobile money services …

Kampala, Uganda | THE INDEPENDENT | TikTok is setting a 60-minute daily screen time limit for users who are aged under 18. If young people hit the new limit, they will have to enter a passcode to continue to use the service that day, BCC reported March 3. But they will …

French Court dismissal of case against TotalEnergies shatters hope Kampala, Uganda | RONALD MUSOKE | On Feb.28, the Paris Civil Court dismissed a landmark case filed by six French and Ugandan NGOs against French oil major, TotalEnergies, for the oil project it is currently developing in Uganda. The environmental groups wanted …

Kampala, Uganda | THE INDEPENDENT | The Parliament select committee investigating the operations of the National Social Security Fund (NSSF) has dismissed allegations of financial loss on select investment projects in their report tabled in Parliament on March 1, 2023. These projects include the investment in MTN, Quality Chemicals, construction …

The company distributes power in nine service territories covering 74 districts countrywide Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has reported a 9% increase in revenues to Shs80.1bn for the period ended June 2022 citing an increase in operational efficiency and increased customer connections. UEDCL Managing …

Kampala, Uganda | THE INDEPENDENT | The headline Stanbic Purchasing Managers’ Index (PMI) dipped to 51.2 during February from 53.2 in January as business activity increased in the services and wholesale and retail categories, but decreased in agriculture, construction and industry. However, the Ugandan private sector remained in growth territory at …

Kampala, Uganda | THE INDEPENDENT & AGENCIES | Jeremy Awori, Kenya’s seasoned banker, has officially joined Ecobank as its new Chief Executive Officer (CEO), a few months after exiting Absa Bank Kenya. Awori was appointed Pan-African lender CEO in September of last year, succeeding Ade Ayeyemi, who retired. He joins from …

Kampala, Uganda | THE INDEPENDENT | The Board of Directors of East African Breweries PLC hereby announces the retirement of Japheth Katto as a director of the company with effect from Feb.28. Katto steps down after having served the company for nine years as an independent director. “The Board takes this …