The company executives say focus on digitization will drive growth of business going forward Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported a 9.1% increase in net profit to Shs442.6billion for the first six months of 2020. According to company’s latest interim results, the performance was driven by …
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Kampala, Uganda | THE INDEPENDENT Uganda Revenue Authority – URA registered a surplus in tax collections for July 2020 after some people and corporations that had suspended payments during the Coronavirus (COVID-19) lockdown paid up. URA collected 1.2 trillion Shillings in July 2020 against a target of 1.02 trillion Shillings – …
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Kampala, Uganda | THE INDEPENDENT | Power distributor Umeme saw its after-tax-profits fall by 64 per cent with the revenues affected by low demand for electricity and payments during the coronavirus lockdown. Umeme said in its half-year financials published today that the company’s profits had dropped to 22 billion Shillings in …
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Kampala, Uganda | THE INDEPENDENT | As the country struggles to overcome of the effects of the recent lock-down to prevent the spread of the COVID-19 pandemic, Uganda’s export earnings increased for a second consecutive month to US$ 337.19 million in June 2020 from US$290.93 million in May 2020. The …
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Kampala, Uganda | THE INDEPENDENT | Uganda National Bureau of Standards (UNBS) has translated into Luganda guidelines that small companies in the food industry are expected to follow to keep food and beverages free from contamination. Smaller companies, majority of which engage in the selling of different food stuffs had for …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has named commercial banks charged borrowers lowest rates between January and June 2020, effectively making them the cheapest lenders for debtors to run to. Absa bank, Baroda, Bank of India, Citibank, Ecobank, NC Bank, Stanbic Bank, Standard Chartered Bank, United Bank of …
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Kampala, Uganda | THE INDEPENDENT | Uganda on Thursday suffered a fourth nationwide blackout in five months, raising concerns about the state of the sector. According to energy experts, the insistent nationwide blackouts raise questions on the stability of the country’s power supply and but also on whether the technical …
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Kampala, Uganda | THE INDEPENDENT | The Kingdom of Tooro has signed a Memorandum of Understanding-MoU with Uganda Industrial Research Institute- UIRI to establish an industrial research institute and specialized industrial park in Tooro. The park, valued at USD 100 million (366 billion Shillings), will be named the King Oyo Science, …
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Gulu, Uganda | THE INDEPENDENT | At least 200 Boda-boda cyclists in Acholi and Lango sub regions are crying foul after allegedly being defrauded more than Sh100 million by a one Easy Boda-Boda Company Ltd in Koro Sub-County in Omoro District. The aggrieved cyclists allege that prior to the lockdown …
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Pay-as-you-go off-grid solar energy is bringing electricity to millions across Africa. Ian Lewis reports Falling costs and improved sales networks mean that small-scale solar power for households or micro-businesses is taking off across Africa. Crucially, this is fast becoming a self-sustaining sector that can generate its own revenues, and allowing numerous companies of …
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