Business

  Absa Group operations demonstrating continued strong recovery Johannesburg, South Africa | THE INDEPENDENT | Absa Group headline earnings increased 27% to Rands 11 billion in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic downturn in 2020. Absa reported solid pre-prevision …

Odinga: In our view there is neither a legally and validly declared winner nor a president-elect Nairobi, Kenya | THE INDEPENDENT & THE STAR KENYA  | Azimio la Umoja presidential aspirant Raila Odinga has called on his supporters to stay calm as his alliance seeks the ear of the Supreme Court on …

  COMMENT |  AIRSPACE AFRICA  | With only two airlines in the world currently flying the Airbus A330-800NEO, it’s a rare sight and an even more unique opportunity to fly the widebody. Uganda Airlines acquired two of the type with a plan to service a long-haul network that will stretch a …

The move is expected to improve performance at the electricity company that has recently been embroiled in management disputes    Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Transmission Company Limited has appointed Michael Taremwa Kananura as the Acting Chief Executive Officer, replacing George Rwabajungu who served the company in …

Jinja, Uganda | THE INDEPENDENT | Police in Busoga East on Saturday rescued fake magicians who were attempting to fleece residents of Idudi A cell in Idudi town council, Bugweri district of their money after scaring them that their fetishes had entered their bodies. Prior to the mob action against …

Kampala, Uganda | THE INDEPENDENT | The National Drug Authority (NDA) has confiscated drugs worth over 150 million Shillings in an enforcement operation carried out on unlicensed outlets in Rubaga Division in Kampala. Abiaz Rwamwiri, the authority’s Public Relations Officer told URN that a total of 80 outlets were inspected …

Kampala, Uganda | THE INDEPENDENT | The traffic police have warned drivers against using energy drinks to fight fatigue. Assistant Superintendent of Police, Faridah Nampiima, the traffic police spokesperson, said they have noticed an increase in false belief that energy drinks help drivers to deal with fatigue on roads. Nampiima …

Kampala, Uganda | THE INDEPENDENT | The lengthy vote counting process in Kenya is making the whole election period longer than it has been expected and hoped before, and this is influencing the activities in the financial markets. The business community in the region as a whole has been waiting …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has raised the Central Bank Rate, the rate the regulator uses to control the cost of money from the banking industry, to 9 percent from 8.5 percent, at which it has been for only five weeks. The frequent Monetary Policy …

Kampala, Uganda | ISAAC KHISA | British American Tobacco Uganda has recorded a 14% increase in net profit to Shs3.9bn for the half year period ended June.30 driven largely by increase in sales revenues. Results released on Aug. 5 shows that the company’s gross revenue grew by 12% to Shs …