Washington, US | Xinhua | U.S. President Joe Biden delivered his State of the Union address to Congress on Tuesday night amid a sour public mood. This is Biden’s second State of the Union speech since he took office in January 2021 and the first of its kind before a …
Read More »UETCL commissions US$ 24 million Luzira Industrial Park Substation
Big power consumers like Cipla, UBL, Metro Plastics, and National Water are to benefit from the new infrastructure Kampala, Uganda | JULIUS BUSINGE | The Uganda Electricity Transmission Company Limited has commissioned the 120MVA, 132/33kV Luzira Industrial Park Substation which is expected to boost the supply of reliable power to consumers, …
Read More »Nile Breweries gets new country director
Kampala, Uganda | THE INDEPENDENT | Nile Breweries Limited (NBL) unveiled a new country director for Uganda Adu Rando succeeding David Valencia, who had served in the same position for two years. Rando has been part of the ABI-InBev for the last twenty years, having served in Brazil, China and most …
Read More »Pesapal ventures into powering petrol station payment
Kampala, Uganda | THE INDEPENDENT | Pesapal has unveiled a new Forecourt Management Solution in Uganda, Kenya and Tanzania delivering integrated payments alongside monitoring and data tools. The solution drives the automation of fuel and retail management processes, seamlessly connecting distribution points and digital payments – backed up with tools to reduce …
Read More »DPF’s assets increase by 15% to Shs1.15trillion
Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …
Read More »Coca-Cola to empower 10,000 youth
Kampala, Uganda | THE INDEPENDENT | A total of 10,000 youth in 10 higher education institutions will be enrolled in a digital coaching and mentorship programme called Boundless Minds in partnership with Coca-Cola Beverages Uganda (CCBU). The project will intensively mentor 100 students from different institutions who will be recruited as …
Read More »UDB staff graduate at Kyankwanzi
Kampala, Uganda | THE INDEPENDENT | Staff of Uganda Development Bank graduated in transformative leadership from the National Leadership Institute (NALI) – Kyankwanzi on Jan.31, the lender said in a media release. The two weeks leadership training was aimed at facilitating and developing quality leaders who would stimulate Uganda’s socio-economic transformation …
Read More »The Private Sector Foundation takes lead on Uganda-South Africa business summit
Museveni and Ramaphosa to attend summit Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda (PSFU) in patnership with Ministries of Foreign Affairs, Trade and Cooperatives, Privatisation and Investment is organizing a Uganda- South Africa Trade, Tourism, and Investment Summit February 27th – 1st March 2023 in Pretoria, South …
Read More »URA’s half-year performance for FY2022/23 improves but deficits remain
The tax authority collected Shs11.6tn in the six months, recording a Shs95bn shortfall Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority collected Shs11.6trillion against the target of Shs11.7tn for the first six months of the financial year 2022/23 – representing 46.4% of the annual target. URA’s Commissioner General John Rujoki …
Read More »What did Byarugaba tell the NSSF probe?
Former MD refutes Minister Amongi’s allegations of mismanagement of the workers’ fund Kampala, Uganda | THE INDEPENDENT | When Richard Byarugaba, the former Managing Director of the National Social Security Fund (NSSF) appeared before the select Parliamentary committee Friday 3rd February, he shared data and statistics in defence of his performance in …
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