Business

Kampala, Uganda | THE INDEPENDENT | The Shadow Cabinet has called for an expedited appraisal of the impact of the National Data Transmission Backbone Infrastructure and e-Government Infrastructure that was rolled out during the Financial Year 2006/2007 to benefit Ministries, Departments, and Agencies – MDAs. The government through the National …

Kampala, Uganda | THE INDEPENDENT |  Airtel Uganda’s First 5G Network has demonstrated 5G’s potential to foster digital inclusion and connectivity in Uganda. This was during a 5G showcase event held at Kampala Serena Hotel Monday night. Airtel Uganda unveiled one of its industry firsts, the 5G network, ushering in …

Kampala, Uganda | PATRICIA AKANKWATSA | Francis Kamau is the CEO of GA Insurance. He spoke to The Independent’s Patricia Akankwatsa in an interview about Uganda’s insurance growth prospects. GA Insurance entered the Ugandan market through the acquisition of Nova Insurance Company nearly four years ago. How has business been so …

Kampala, Uganda | THE INDEPENDENT | A top property manager and consultant has warned developers about developing condominium units of housing without putting the market preference in mind. A condominium is a building structure divided into several units which can be separately owned, while the separate owners jointly own some …

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has been assigned a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale. Assigned by Fitch Ratings, a world-renowned international credit rating agency, the Bank was also assigned a Long-Term Issuer Default Rating (IDR) …

Tokyo, Japan | (Xinhua | Japan Industrial Partners Inc., a Tokyo-based investment fund, announced Monday it will launch a 2 trillion yen (about 14 billion U.S. dollars) tender offer for Toshiba Corp. on Tuesday, a move that would end the company’s 74-year history as a public company. The tender offer …

Shareholders could earn Shs5.6 per share in September Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported an 18% jump in profit after tax to Shs228bn in the first six months of 2023 compared to Shs193bn reported in the same period last year. The company’s Chief Executive Officer Sylivia Mulinge …

The Fund maintained its investment bias towards government securities as assets crossed the Shs1 trillion mark Kampala, Uganda | THE INDEPENDENT | Retail investors with a holding in UAP Old Mutual’s collective investment scheme will earn 11% interest on their funds as Assets Under Management cross the Shs1 trillion mark for the …

Kampala, Uganda | THE INDEPENDENT | On Aug.4, Kampala, Centenary Bank together with Rotary Uganda partnered with the Ministry of Foreign Affairs to rally Ugandans in the diaspora and well-wishers in other countries to participate in the 2023 Cancer Run. This year’s run will be held under the theme: Run for …

Kampala, Uganda | JULIUS BUSINGE | Uganda Tourism Board has started a nationwide grading and classification exercise for hotels and other tourist facilities. This was revealed at a news conference held in Kampala on Aug.2 by Lilly Ajarova, the chief executive officer of UTB, Uganda Hotel Owners Association Chairperson and Vice …