Plan will support government’s development targets relating to electricity distribution countrywide Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited is seeking US$3.1million (approx. Shs11billion) to start construction of its mega pole production plant in Wakiso District. Paul Mwesigwa, the managing director for UEDCL said on Aug.17 that …
Read More »Otuke farmers counting losses after hailstorm
Otuke, Uganda | THE INDEPENDENT Hailstorm has left a trail of destruction in Ogwete and Olilim Sub counties in Otuke district. The hailstorm followed heavy rains that pounded the two sub counties over the weekend raving the entire Iooro Village in Olilim Sub County and Akadodek, Imatoigwokoto, Apengere, Tedam, Olilim and …
Read More »Umeme’s net profit reduces 64% in first half of 2020
Company executives are optimistic the remaining half will see a surge in power sales, profitability as government relaxes COVID-19 lockdown Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distributor, Umeme, is now pinning its profit growth on the remaining six months of the reporting year following government’s move to ease …
Read More »Cipla Quality Chemicals in sh4.6b expansion move
Kampala, Uganda | THE INDEPENDENT | Drugs maker Cipla Quality Chemicals Limited (CiplaQCi) has announced that it has paid 4.7 billion Shillings to acquire what they described as the Human Care Business assets of Quality Chemicals Limited. According to Nevin Bradford, the executive director of Cipla Quality Chemicals Limited, the …
Read More »COVID-19: Ministry of Finance grapples with 21 cases, UNRA 6
Kampala, Uganda | THE INDEPENDENT | At least 21 staff at the Ministry of Finance and six from Uganda National Roads Authority (UNRA) have tested positive for the Coronavirus (COVID-19) as the cases grow among different private and public agencies. Finance staff under-went mandatory COVID-19 test on August 19. Test results, …
Read More »Gunfire rocks Mbarara over Barya building
Mbarara, Uganda | THE INDEPENDENT | Gunfire rocked Mbarara City on Sunday afternoon as employees of Barya Stint Hardware rose up in protest against the attachment of Barya Building along Akiiki Nyabongo Road by Orient bank. Led by the sons of Apollo Muhumuza Barya, the Proprietor Barya Building, the employees …
Read More »Deal sealed to promote Uganda as a film and tourist destination
Kampala, Uganda | THE INDEPENDENT | Uganda Tourism Board (UTB) and Uganda Communications Commission (UCC) have signed a Memorandum of Understanding to jointly promote “Destination Uganda” as a premier film and tourist destination. The MoU enjoins the two parties to collaborate and jointly market Destination Uganda, and to improve Uganda’s brand …
Read More »New German ambassador starts work, to step up economic diplomacy
Kampala, Uganda | THE INDEPENDENT | Minister of Foreign Affairs Sam Kutesa has hailed Germany for the support extended to Uganda in the water, energy and governance sectors. Kutesa made the remarks Friday after he received copies of credentials of the Ambassador designate of the Federal Republic of Germany to …
Read More »Rwanda targets Chinese coffee consumers
Kigali, Rwanda | XINHUA | Rwanda’s investment authority said Friday that it expects to raise more awareness of Rwandan coffee among Chinese consumers as coffee export to China is on the rise. The rise is being achieved through online sales with popular celebrities as livestreaming hosts on Chinese social …
Read More »Small banks pay higher interest to savers
Kampala, Uganda | THE INDEPENDENT | Saving with a smaller bank earns you a better return than you would get with glamorous bigger banks, analysis of the latest Bank of Uganda data compilation shows. The data which shows what the banks pay you and charge you shows that commercial banks outside …
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