Business

Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, …

Cleantech: The urgent need for concerted efforts in its adoption Kampala, Uganda | THE INDEPENDENT | When it comes to climate change, Uganda has been doing one thing right, and that is maintaining a small carbon footprint. According to the information from Our World in Data, 2017 statistics stood at …

  But there is little or no legal framework for telehealth in most Sub-Saharan African states Kamapal, Uganda | ISAAC KHISA | Globally, insurers have been perceived as slow to evolve and embrace innovation. But the coronavirus pandemic is flipping the narrative, as some insurers rapidly innovate to help consumers …

  Xining, China | Xinhua | After one year of operation, China’s first ultra high-voltage (UHV) power superhighway for transmitting clean energy delivered 13.1 billion kWh of power from the Qinghai-Tibet Plateau, abundant in energy resources, to densely populated Henan in central China, according to State Grid’s Qinghai branch. As …

Kampala, Uganda | THE INDEPENDENT | The High Court has quashed an agreement reached between the Institute of Certified Public Accounts of Uganda -ICPAU and Budadiri West MP Nathan Nandala Mafabi in which ICAPU considered his application for a practicing certificate and his name included on the new council members. …

Kampala, Uganda | THE INDEPENDENT | Experts believe Uganda could benefit from the East African Region “economic war” between the two local giants, Kenya and Tanzania. A fight for Uganda’s cargo has emerged in the past two years, with Kampala seeking to take advantage of the war, by tabling new conditions. Apart …

Kampala, Uganda | THE INDEPENDENT | The Civil Division of the High court in Kampala has dismissed an application by a section of vendors from Nakasero market seeking orders to throw Kampala Capital City Authority-KCCA out of the market management. The vendors organized under Nakasero Market Sitting Vendors and Traders Limited …

    Kampala, Uganda | THE INDEPENDENT | The government has signed a contract with a Russian Company to provide digital trackers to all vehicles in the country. At a ceremony held on Friday at the Office of the President in Kampala, Waiswa Bageya the Permanent Secretary in the Ministry …

Global insurer, Prudential, has become the country’s largest life insurer following the acquisition of IAA Air Ambulance Healthcare, a Health Membership Organisation, at undisclosed consideration. Kampala, Uganda | ISAAC KHISA | Prudential Life Assurance Uganda Ltd entered the Ugandan market in 2015 through the acquisition of Goldstar Life Assurance, and …

  Valletta, Malta | Xinhua | Global oil demand is rising following an accelerated vaccination campaign and an economic recovery, pushing oil prices to two-and-a-half-year highs amid an output deficit. Although an agreement for more output reached among the Organization of the Petroleum Exporting Countries (OPEC) and its allies on July …