Business

The group rescheduled 32% of all client loans to support recovery from COVID-19 pandemic | THE INDEPENDENT | Equity Group Holdings has recorded a 99% jump in profit after tax to Ksh40bn for the year ended December 2021 riding on higher yields from interest paid by borrowers and an improved …

Masaka, Uganda | THE INDEPENDENT | Uganda National Roads Authority -UNRA is set to redesign and reconstruct the entire Lwera stretch on the Kampala-Masaka highway as a permanent solution to the rampant breakdowns experienced on the section of the road. In the past four years, the 20-kilometer section of the …

Kampala, Uganda | THE INDEPENDENT | Three leaders of carpenters along Nsambya-Ggaba road have been remanded to Luzira Prison on charges of stealing sh132 million meant for relocating carpenters to pave way for construction of the Kampala flyover. The accused Muleke Moses aka Saddam 55, Kennedy Mugoya 41, and Edward …

Mbarara, Uganda | THE INDEPENDENT | A committee has been formed to verify the list of vendors that will occupy Mbarara Central Market. The committee was set up after a number of vendors complained missing on the list that was displayed last week. Nyombi Muhammed the chairperson of the vendors Association …

Nairobi, Kenya | Xinhua | Kenya and Huawei on Friday signed an agreement to boost the Information and Communication Technology (ICT) capacity in the country. Joe Mucheru, cabinet secretary in the Ministry of ICT, Innovation and Youth Affairs said in the Kenyan capital, Nairobi, that under the agreement, a total …

Lira, Uganda | THE INDEPENDENT | Vendors in Lira have protested their planned eviction from the streets.  Last week, Lira City Council gave the vendors an ultimatum of five days to leave the streets. However, this directive has been rejected by the more than 500 vendors selling tomatoes, sweet bananas, …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Ramsar Committee has endorsed Lake Bunyonyi as a ramsar site. A ramsar site is a wetland site designated to be of international importance under the Ramsar Convention that was established in 1971 during an intergovernmental environmental treaty by the United Nations Educational, …

  SPECIAL FEATURE | After the full opening of the economy in January 2022 by President Yoweri Museveni, many rejoiced as the uncertainity that had been brought up by the Coronavirus (Covid-19) pandemic for almost two years had to come to an end. While few industries were spared by the …

Profit After Tax increased by 99% to Ushs 1.2 trillion ($349million) Nairobi, Kenya | THE INDEPENDENT | Equity Group has recorded superior performance for the year ended 31st December 2021, putting it at the top as the regional financial sector market leader, despite the challenging operating environment characterized by a global …

Uganda Red Cross Society has received Shs360 million from Cola Coca Foundation to promote COVID-19 vaccination. Kampala, Uganda | THE INDEPENDENT | The funds will support numerous activities at vaccination sites, vaccine distribution, Personal Protective Equipment procurement (PPEs), awareness efforts promoting vaccination and sanitary practices to reduce the spread of …