Business

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has commenced implementing Power Sector Reforms to enhance sector performance and provide affordable power to the people of Uganda. The changes will lead to the creation of the Uganda National Electricity Company Limited (UNECL) as a state-run entity …

African football fans are keeping up with the World Cup 2022 games from their mobile devices on the back of rapid smartphone penetration, high-speed internet and increased VPN usage on the continent. Doha, Qatar | BIRD AGENCY |  Sports content is being democratised in Africa with more bespoke over-the-top (OTT) …

Fort Portal, Uganda | THE INDEPENDENT | In 2017, the factory was sinking into debt and on the verge of closure. The factory had a debt of 6.4 billion shillings owed by several service providers including financial institutions. According to the factory’s annual report for 2021, the company made a loss …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development in partnership with the Office of the Prime Minister on November 29, unveiled a committee dubbed Uganda National Committee on Large Dams (UCOLD) to deal with hydropower dam safety issues and curtail any calamities that may affect their operations. …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has partnered with CR2, a global-leading banking software company to upgrade its ATM, Card and Payments Management Platform. The partnership between dfcu and CR2 will build the Bank’s technological capability and will start by enhancing the customer experience across cards, ATMs, and payments. dfcu …

Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme’s contract will run its full course but will not be renewed by government in 2025.  Fears that the Umeme concession would be terminated before 2025 have therefore been put to rest. Government is going ahead with plans to form its own company to …

Kampala, Uganda | THE INDEPENDENT | Parliament calls for sensitization of traders before the full implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS). The House chaired by Deputy Speaker, Thomas Tayebwa on Wednesday, 07 December 2022 adopted the report of the Committee on Tourism, Trade and Industries recommending changes in …

COMMENT | Sylvia Mulinge | A few weeks ago, I had the opportunity of visiting one of our hybrid network sites located in Luweero district approximately 60km out of Kampala. This site, which early next year shall be converted to a 100% low carbon emission site, currently employs 40 solar panels …

Kampala, Uganda | THE INDEPENDENT | Buganda Kingdom, through its investment arm, Majestic Brands has today extended a partnership with Uganda Breweries Limited (UBL) to manufacture Ngule, the kingdom’s official beer. The contract was signed at Bulange Mengo by the leadership of Majestic Brands and Eunice Waweru, Finance and Strategy …

Kampala, Uganda | THE INDEPENDENT | To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC announced a loan to Airtel Africa to help connect millions of new subscribers to mobile internet in six African countries. IFC will provide six of Airtel Africa’s …