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Electricity generation company in record Shs24bn profit

Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL) announced on Dec.17 that it had made a net profit of Shs24.7bn for the financial year 2018/19, up from a loss of Shs10.8bn a year before. Officials said the profit, the first since the company’s inception in 2001, …

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Jumia expansion hits snag

The company quits Rwanda, Tanzania and Cameroon markets Kampala, Uganda | JULIUS BUSINGE | E-commerce has been slowly gaining traction in Africa in recent years. As a result, the popular talk has been that e-commerce firms are making money off people’s obsession with surfing and shopping on the internet. That …

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No fruit for Uganda-Rwanda after 8 hours of marathon talks

Kampala, Uganda | THE INDEPENDENT  |  After eight hours closed in a hall at Commonwealth Resort Munyonyo, delegations from Rwanda and Uganda failed to reach an agreement and decided to refer the matters to the head of states of both countries. There was no communique after the representatives came out of …

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