Business

Isimba and Karuma power stations are expected to boost its earnings Kampala, Uganda | JULIUS BUSINGE | Officials at Uganda Electricity Generation Company Limited (UEGCL) are hoping to record improved performance after posting the first net profit in 18 years. The company reported at the end of last year that …

But 2021 general election might affect pace of growth Kampala, Uganda | ISAAC KHISA AND PATRICIA AKANKWATSA | Companies, businesses and ordinary folks are cautiously optimistic that 2020 will be a better year though projections point to a rough business terrain owed to the much anticipated competitive 2021 election campaigns. …

Kampala, Uganda | THE INDEPENDENT  |  Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said.   Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere University …

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

Kampala, Uganda | THE INDEPENDENT | Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said. Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere …

Case of Africa’s troubled richest woman casts new light ANALYSIS | THE INDEPENDENT | When the former long-serving leader of Zimbabwe, Robert Gabriel Mugabe died on September 06, 2019, attention almost immediately turned to the wealth he is alleged to have looted while in office and those likely to benefit …

Kampala, Uganda | THE INDEPENDENT | Africa’s largest telecom firm, MTN, has agreed to sell its towers businesses in Uganda and Ghana as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East. Clashes with regulators in Nigeria, Uganda and elsewhere have crimped …

Lagos, Nigeria | AFP |  Mobile giant MTN has said that Nigeria’s attorney general had withdrawn a demand for around $2 billion in back taxes in the latest step towards resolving its legal woes with the authorities. The South African telecommunications firm has already battled back a string of financial …

  Kampla, Uganda | THE INDEPENDENT | Former president of Uganda Law Society (ULS) Ruth Sebatindira, took charge of the heavily indebted Uganda Telecom on Jan.6 as the administrator when Bemanya Twebaza, the telecom’s former administrator handed over to her. High Court appointed Sebatindira to the position after a Twebaze’s …

Entebbe, Uganda | THE INDEPENDENT | Civil Aviation Authority-CAA has disqualified 60 airport taxis from operating at Entebbe International Airport on account of being old.  The affected taxis, manufactured majorly before 2003, were discontinued between September 2019 and January 7th 2020. This is line with an agreement between taxi operators, Uganda …