Business

Stanbic continues to support clients as the economy recovers Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda (SBU) has paid out a total of Sh110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of …

  Kampala, Uganda | THE INDEPENDENT | Agnes Namyalo Mayanja has been appointed Executive Director for KCB Bank Uganda Limited. As the Executive Director, she will deputize and support the Bank’s Managing Director in the overall strategy formulation and implementation of astute leadership and management in line with the Bank’s …

Kampala, Uganda | Julius Businge | Airtel Africa, a telecommunications and mobile money services provider has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest US$200million in Airtel Mobile Commerce BV (“AMC BV”), it said on …

AVIATION NEWS | Airspace Africa | A recent report by the Auditor General of Uganda highlighting the financial Performance of Public Corporations and State Enterprises has laid bare the devastating effects of the global pandemic on Africa’s aviation industry with the new National Airline and the Uganda Civil Aviation Authority in the …

PELUM recommends that ministry of agriculture should prioritise and allocate funds for publicising, disseminating and educating citizens on standards Kampala, Uganda | Julius Businge | A membership civil society organisation, Participatory Ecological Land Use Management (PELUM) Uganda has added its voice on the current debate surrounding the quality of maize grain traded …

Kenya last year banned dairy imports from Uganda citing complaints by Kenyan farmers over the influx of Ugandan milk which was being priced lower than the one produced in their home country Kampala, Uganda | Julius Businge | Traders and civil society organisations in Uganda are urging the government of Kenya …

Agago, Uganda | THE INDEPENDENT |  Hundreds of different trees species covering an estimated 100 acres of land in Agago district have been destroyed by commercial charcoal dealers within the past two years, an environmental justice pressure group in Acholi sub-region has revealed.    The pressure group named Our Trees, We …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda (BoU) has disagreed with the proposed amendments to Article 161 of the Constitution regarding the composition of the Central Bank’s Board of Directors. The Deputy Governor Bank of Uganda Michael Atingi-Ego accompanied by other Central Bank officials on Wednesday presented their position …

Gulu, Uganda | THE INDEPENDENT |  Former Gulu Municipal councillors of the four former Divisions are demanding payment of their arrears.    The outstanding arrears include 37.4 Million shillings for Pece Division, 12.5 Million Shillings for Bardege, and 6.7 Million Shillings for Laroo, 5.4 Million Shillings for Layibi. Peter Okwera Onen, …

High investment cost is to blame for low uptake of biogas digesters among the population Kampala, Uganda | ISAAC KHISA | Margaret Atimango, one of the 30 members of Kudinger People Living with HIV/AIDS, no longer wakes up worried on how to prepare meals for her family. Before the Food …