Business

Kampala, Uganda | THE INDEPENDENT | Police are hunting for an unidentified assailant behind the killing of the manager of Chilies Fast Foods and Takeaway Restaurant in Ntinda, a Kampala suburb. Luke Owoyesigyire, the Kampala Metropolitan Deputy Police spokesperson identifies the deceased as Isaac Mugga, who was attacked while balancing books …

Kampala, Uganda | THE INDEPENDENT | CNOOC Uganda Limited and Stanbic Business Incubator Limited (SBIL) have signed a Memorandum of Understanding (MoU) to facilitate a partnership and collaboration that will significantly contribute to the development and sustainability of national content in the oil and gas sector. Tony Otoa, the Chief Executive, …

Kampala, Uganda | THE INDEPENDENT | At least 300 or more people are seeking a certificate of good conduct daily from the National Central Bureau commonly known as Interpol –Uganda. Charles Birungi, the acting Director Interpol, says that on average they attend to 300 people mostly female seeking to be …

Kampala, Uganda | THE INDEPENDENT | The Education Ministry has been faulted for failing to kick-start a $25million World Bank funded project for four years despite the disbursement of funds. The five-year Albertine Region Sustainability Development Project III was designed to upgrade two technical Institutions; the Uganda Petroleum Institute Kigumba …

  ✳ Loans and advances grew by 27% from Sh2.8 trillion (2019) to Sh3.6 trillion (2020) ✳ Customer deposits increased by 16% from Sh4.7 trillion (2019) to Sh5.4 trillion (2020) ✳ Profit After Tax was Sh242 Billion (2020) down from Sh259 Billion (2019) largely due to the impact of Covid-19 Pandemic on client …

This comes at a time the property market is slowly recovering from coronavirus pandemic hit   Kampala, Uganda | JULIUS BUSINGE | Kampala has an additional condominium property that is open for those searching for high end homes with services that meet their living expectations – Bukoto Living Condo Project. …

CSOs call for ‘special drawing rights’ to deal with COVID-19 crises Kampala, Uganda | JULIUS BUSINGE | Economic experts are calling for the implementation of all kinds of measures geared towards bringing back to life the world economy that has been severely hit by COVID-19 pandemic since last year when …

Kampala, Uganda | THE INDEPENDENT | Two enforcement officers from Uganda Revenue Authority –URA attached to Arua Customs were airlifted to Kampala on Monday evening after being beaten into coma by suspected residents of Yobuyia cell in Ayivu East Constituency Arua City. Residents ganged up against the duo on Sunday …

Kampala, Uganda | THE INDEPENDENT | Hajji Musa Katongole, the former chairman of the now defunct Uganda Taxi Owners and Driver’s Association (UTODA) is dead. Katongole who has been sick and admitted at TMR Hospital in Naalya, a Kampala suburb for several days was pronounced dead this morning. It is …

The electricity distribution company sees brighter days ahead owed to ongoing COVID-19 vaccination and the anticipated improvement in the economy Kampala, Uganda | ISAAC KHISA | Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit …