Entebbe, Uganda | THE INDEPENDENT | Uganda National Roads Authority-UNRA has collected a total of shillings 13 billion from tolling the Kampala-Entebbe expressway in the last four and a half months, the contractor Egis has revealed. Joy Nabasa, the public relations manager of Egis, which maintains the road and collects the …
Read More »PureBorn names Ugandan brand ambassadors
Kampala, Uganda | THE INDEPENDENT | PureBorn has strengthened its presence in Uganda by naming a team of brand ambassadors. The brand ambassadors that include philanthropist, model and socialite Judith Allen Heard, are mothers of mostly nappy wearing babies who will create content tailor made to engage and learn more about PureBorn. …
Read More »Kansai paint ltd to sell its Africa business to AkzoNobel
Kampala, Uganda | Julius Businge | Kansai Paint Co., Ltd. (“Kansai Paint”) has entered into an agreement to sell its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global paints and coatings company, it said on June 2 in a statement. The sale is subject to the regulatory approvals of the …
Read More »Business picks up on Martyrs day eve
Kampala, Uganda | THE INDEPENDENT | Business has picked up this morning at Namugongo Martyrs shrine according to traders. The most sought-after items include jerry cans, scarfs, rosaries, and other religious items. By 9:00am in the morning, a number of pilgrims were seen buying jerrycans costing between 1,000 and 3,000 Shillings …
Read More »Why are commercial banks adopting online lending?
Kampala, Uganda | THE INDEPENDENT | The idea of mobile phone lending was first made a reality in Uganda IN 2016 when Commercial Bank of Africa, CBA, partnered with MTN to launch the MoKash product. This was an expansion of MTN’s Mobile Money services to diversify into savings and loan products …
Read More »MTN to pay dividends despite poor show of stock market and global inflation
Kampala, Uganda | THE INDEPENDENT | MTN Uganda shareholders are due to get their first dividends since the company listed on the Uganda Securities Exchange, with the register for those eligible closing June1. The shareholders will have their dividends paid on June 24, with each share earning the holder 4.706 shillings, …
Read More »Oil and gas land acquisitions near completion
CNOOC’s work at the Kingfisher Development Area stand at less than 10 percent ahead of commercial oil production in 2025 | THE INDEPENDENT | Land acquisition a head of oil and gas developments in the Albertine region stands at 99%, according to the oil companies. But some of the land …
Read More »South Sudan gets first 5-Star hotel
Radisson Blu Hotel boasts views of Juba CBD and famed White Nile | RONALD MUSOKE | Radisson Hotel Group has launched the first internationally branded 5-star hotel in South Sudan. Located in Juba, the fast-growing capital and largest city of South Sudan on the White Nile River, Radisson Blu Hotel-Juba, …
Read More »Dott Services ventures into Uganda’s aviation industry
Firm among four seeking UCAA’s air transport licenses | RONALD MUSOKE | Four airlines are seeking for entry into Uganda’s aviation industry to tap into the growing demand for air passenger and cargo services. These include; Dott Services Ltd, a company renowned in Uganda’s engineering and road construction sector, Safari …
Read More »Cipla to pay shareholders dividend worth Shs 7.3billion
The company recorded the first profit since listing on Uganda Securities Exchange in 2018 | THE INDEPENDENT | Cipla Quality Chemical Industries has reported a better performance for the period ended March 31, 2022, posting a net profit of Shs24bn compared to a loss of Shs10bn in 2020. This performance …
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