Kampala, Uganda | THE INDEPENDENT | For just Shs6000 a month or Shs72,000 a year, Ugandans who use SafeBoda as a means of transport will be assured of up to Shs1million in insurance cover, in case of an accident, thanks to a new partnership with Liberty Insurance a member of the …
Read More »EACOP contractor visits PAU’s CEO
Kampala, Uganda | THE INDEPENDENT | On Sept.7, Aimin Luo, the General Manager of China Petroleum Pipeline Engineering Co Ltd (CCP) paid a courtesy call to Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda to reinforce their working relationship. CCP is the construction contractor for the EACOP and …
Read More »TotalEnergies reaches 20 million man-hours without injury incidents
Hoima, Uganda | THE INDEPENDENT | TotalEnergies E&P Uganda has achieved 20 million man-hours without Lost Time Incidents (LTI) on the Tilenga Project. This milestone was recorded on August 10, 2023, exactly 226 days since the 10-million-hour mark was realized in January. It comes two years since the Tilenga Project …
Read More »BAT Uganda’s revenue decline
COVID-19 and harsh regulations blamed Kampala, Uganda | RONALD MUSOKE | Cigarette distributor, British American Tobacco (BAT) Uganda executives have attributed the company’s recent drop in revenue to the lingering impacts of the COVID-19 pandemic and stringent tobacco control regulations enforced by the government. In their half-year performance report ending June …
Read More »Oil and Gas campaign engages sector players
Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum has registered success for its annual 90 Days of oil and Gas Media Campaign the third edition that entered day 35 on Sept.4. UCMP runs this annual activity with the main purpose of sharing sector information for players to …
Read More »URSB to decide “Tova Ku Main Slogan” ownership case next month
Kampala, Uganda | THE INDEPENDENT | The Uganda Registration Services Bureau (URSB) has scheduled October 19th, 2023, as the date to deliver its decision in a case where three individuals are claiming ownership of the ‘Omalako Jajja Tova Ku Main’ political slogan. The claimants are social media critic Frank Gashumba, Lwengo …
Read More »MTN to buy one million Ugandan-manufactured smartphones
Kampala, Uganda | THE INDEPENDENT | MTN Uganda has pledged to support the local assembly and manufacturing of smartphones by purchasing one million handsets. Smartphone penetration is still below 40% in the country and lowering the cost of handsets will go a long way to improve overall penetration. Speaking at the …
Read More »Allianz, Sanlam merger to form powerful non-bank financial company
Johannesburg, South Africa | THE INDEPENDENT | Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the global insurance and financial services leaders have got approvals from regulators to merge their operations in 27 African countries including Uganda. The two have announced that they have received regulatory approvals …
Read More »Uganda’s economy shows mixed trends
Companies remain optimistic about future output growth Kampala, Uganda | JULIUS BUSINGE | The monthly Stanbic Purchasing Managers’ Index (PMI) for Uganda dipped slightly in August, falling from 53.9 in July to 51.6, as businesses grappled with the implications of the World Bank’s suspension of further loans to the country. However, …
Read More »Forex trading: Why the first hour of trading day matters
Period after lunch but before last hour of trading day is least preferred among all asset classes Kampala, Uganda | RONALD MUSOKE | The first hour of the trading day is the most favoured time to execute trades globally, across all asset classes, according to a survey published on Aug.30 by …
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