Thursday , November 14 2024

Business

Business news

Uganda closes in on electricity connectivity target despite backlog

Kampala, Uganda | THE INDEPENDENT | The government has so far completed 9,800 electricity connections out of the 110,000 targeted connections for this year, under the Electricity Connection Policy. The policy implementation resumed in March after a three-month suspension starting in December 2020. Electricity companies implementing the connections had already …

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CPA Constant Othieno Mayende is new ICPAU president

Kampala, Uganda | THE INDEPENDENT | The Council of the Institute of Certified Public Accountants of Uganda (ICPAU) has at its 26th annual meeting this week elected CPA Constant Othieno Mayende and CPA Josephine Ossiya as President and Vice President respectively. CPA Mayende succeeds CPA Frederick Kibbedi, the 8th President of …

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Court sets date for vehicle tracking cases

  Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has fixed dates to decide on two separate applications challenging the decision by the government to install surveillance devices in vehicles and other vessels. The two applications were filed by city lawyer Male Mabirizi and Legal Brains Trust, …

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M-KOPA expands into Nigeria

Nairobi-based lender M-KOPA is expanding into the Nigerian market, and have hired an ex-Andela executive for the job | DAVID THOMAS | Kenya’s M-KOPA, which offers underbanked customers finance to acquire solar lighting, smartphones, TVs and domestic appliances, is expanding into Nigeria after a successful pilot project. M-KOPA, which means …

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Umeme, Stanbic dominate Uganda bourse trading

Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, …

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