Nakasongola, Uganda | THE INDEPENDENT | The Nakasongola District Security Committee has resolved to establish a military detachment in Kalongo sub-county to fight rampant animal thefts. According to Nakasongola district authorities, between 10 to 20 heads of cattle are stolen each day in Nakasongola and sold in Kampala City. The …
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Nairobi, Kenya | THE INDEPENDENT | The Democratic Republic of Congo has today signed the Treaty of Accession to the East African Community (EAC) cementing their Admission as the 7th member of the EAC. The ceremony was witnessed by Presidents Yoweri Museveni of Uganda and Paul Kagame of Rwanda. “Our …
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Kampala, Uganda | THE INDEPENDENT | MetropolitanRepublic Uganda (MRU) has named Derek Mwesigye as their new creative director. Managing Director, Josephine Muvumba said: “Derek and his team serve as the backbone of the agency. Winning pitches outside Uganda, in a more advanced market raises the confidence we have in our work, our …
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Kampala, Uganda | THE INDEPENDENT | Paul Kavuma has been appointed the CEO of Jubilee Allianz General Insurance Company Limited Uganda, effective April 04, 2022. He replaces Deepak Pandey, who will stay with the company until April 30, 2022 after which he will take up a new role in the …
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The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …
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Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …
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But the recovery in the economy is expected to boost growth in 2022 Kampala, Uganda | ISAAC KHISA | dfcu bank’s net profit fell 46% for the year 2021 to Shs13.2billion due to the increase in non-performing loans but the management believes that the recovery of economy that had been …
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The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …
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Lagos, Nigeria | Xinhua | The Nigerian Navy on Friday launched a special operation to stop oil thieves from further sabotaging the nation’s oil and gas installations. Awwal Gambo, the country’s chief of naval staff, who spoke at the launch of the operation, blamed the nation’s economic downturn on attacks …
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Kampala, Uganda | THE INDEPENDENT | Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments. Unlike the online applications, …
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