KAMPALA, Uganda | Xinhua | Uganda said 72 oil wells in its two production areas in the country’s western and northern regions have been successfully drilled ahead of commercial production slated for next year. Ruth Nankabirwa, minister of energy and mineral development, told journalists on Wednesday during a press conference …
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Johannesburg, South Africa | THE INDEPENDENT | Absa Group reported headline earnings of R10.2 billion for the first half of 2024 and said it expects an improvement in second-half Group performance as its South African retail businesses demonstrated earnings growth across the portfolio in the first six months of the year. …
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Masaka, Uganda | THE INDEPENDENT | Masaka was buzzing with energy over the weekend as revellers joined in on the Laga Swagga activation, a highlight of UBL’s nationwide campaign aimed at rewarding loyal consumers of iconic brands like Uganda Waragi Premium, Coconut, Lemon and Ginger, V&A, Bond 7, and Gilbeys. …
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Kampala, Uganda | THE INDEPENDENT | Corporate banker, NCBA Uganda has honored its key partners in asset financing, acknowledging their pivotal role in driving regional infrastructure development and growth. The event at the 4 Points by Sheraton Kampala celebrated the collaborative efforts that have significantly advanced the automotive sector and beyond, …
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Hoima, Uganda |THE INDEPENDENT | CNOOC Uganda Limited, an Energy company on Monday 19th August completed the Heavy Goods Vehicle (HGV) drivers Training and Licensing Program. The program involved 110 drivers being trained, Licensed and certified to professionally drive Heavy Goods trucks and trailers (class CH License) or rigid trucks …
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Uganda Breweries Limited announces price reduction on Pilsner Lager Port Bell – Luzira , Uganda | THE INDEPENDENT | Uganda Breweries Limited (UBL) has announced a price reduction on one of its iconic beer brand, Pilsner Lager. Starting today, the favourite local beer will be sold at a recommended retail price …
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TECH NEWS | THE INDEPENDENT | Excitement is building as Talkio Mobile, Uganda’s latest Mobile Virtual Network Operator (MVNO), gears up for its highly anticipated launch. Promising a blend of innovation and disruption, Talkio Mobile aims to shake up the telecommunications landscape in Uganda, with whispers circulating that the launch …
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JOHANNESBURG | Xinhua | South African President Cyril Ramaphosa signed the Electricity Regulation Amendment Act into law on Friday, clearing the way for significant reforms in the country’s energy sector. The new legislation was aimed at addressing the country’s long-standing power outage challenges by far-reaching reforms, including establishing a competitive …
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Kampala, Uganda | THE INDEPENDENT | The Banking industry reports that the not-so-friendly business environment has contributed to it’s failure to fully return to the post COVID-19 performance levels yet, despite improving results. Stanbic Holdings Uganda Ltd (SUHL), which has announced a profit after tax of 235.5 billion shillings for the …
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Kampala, Uganda | THE INDEPENDENT | Eight women-owned businesses have emerged as the inaugural recipients of the Advancing Women Entrepreneurs (AWE) contract worth UGX 1.6 billion an initiative, by MTN Uganda in collaboration with partners such as American Tower Corporation (ATC) Uganda. This initiative aims at empowering women entrepreneurs by integrating …
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