Business

Kampala, Uganda | THE INDEPENDENT |  Paul Kavuma has been appointed the CEO of Jubilee Allianz General Insurance Company Limited Uganda, effective April 04, 2022. He replaces Deepak Pandey, who will stay with the company until April 30, 2022 after which he will take up a new role in the …

The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …

Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …

But the recovery in the economy is expected to boost growth in 2022 Kampala, Uganda | ISAAC KHISA | dfcu bank’s net profit fell 46% for the year 2021 to Shs13.2billion due to the increase in non-performing loans but the management believes that the recovery of economy that had been …

The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …

Lagos, Nigeria | Xinhua | The Nigerian Navy on Friday launched a special operation to stop oil thieves from further sabotaging the nation’s oil and gas installations. Awwal Gambo, the country’s chief of naval staff, who spoke at the launch of the operation, blamed the nation’s economic downturn on attacks …

Kampala, Uganda | THE INDEPENDENT | Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments. Unlike the online applications, …

Moroto, Uganda | THE INDEPENDENT | Moroto municipal authorities are considering banning animal kraals in town to minimize attacks by cattle rustlers. This follows several attacks by suspected cattle rustlers targeting animals such as goats, sheep and cows around Moroto town, which has led to the loss of innocent lives. …

Kampala, Uganda | THE INDEPENDENT | A few days ago, there was a heated argument between two drivers and traffic officers manning traffic at the Jinja road junction in the central division of Kampala City. Two drivers came out of their vehicles and confronted traffic officers who had stopped the …

Kampala, Uganda | THE INDEPENDENT | E-Passports, driving licenses and other security documents will soon be produced within the country, according to a plan by the Ministry of Works and Transport. Winstone Katushabe, the commissioner for Transport Regulation and Safety in the Ministry of Works and Transport says once the …