New tax sees company’s sales for affordable brands drop by 30 percent Kampala, Uganda | JULIUS BUSINGE | Beer maker, Uganda Breweries Limited, saw its revenue surge amidst a sharp decline in sales for affordable brands for the half year ended December 2018. The company’s financial statements released on Feb. …
Read More »
Kampala, Uganda | THE INDEPENDENT | The price of inputs in the construction sector went up by 2.0 percent for the year ending in January 2019 compared to 1.5 increase of the year that ended in January 2018. This is according to the construction sector indices released by Uganda Bureau …
Read More »
Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …
Read More »
Kampala, Uganda | THE INDEPENDENT | International Medical Centre’s growing list of branches has extended to Kireka, on Jinja Road just outside Kampala City. The facility that opened today, will provide specialized and general medical services to residents of Kireka and surrounding areas of Kira Municipality. IMC Kireka is part of the …
Read More »
Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …
Read More »
Mazima Retirement Plan was in 2016 granted an operating licence by the industry regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The company’s CEO Livingstone Mukasa spoke to the Independent’s Isaac Khisa about the progress registered in promoting voluntary retirement plans targeting informal sector and the opportunities that lies ahead. Two …
Read More »
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to explain why they have decided to fund an investor to construct an international specialized hospital. Government plans to guarantee a loan of $ 379 million to an investor for the construction of an International Specialized Hospital …
Read More »
Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …
Read More »
Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …
Read More »
San Francisco, United States | AFP | Uber on Friday released earnings figures that showed its loss narrowed in the final quarter of last year while revenue growth slowed as the ridesharing giant prepares for a stock market debut. The loss for the final three months of the year amounted to …
Read More »
The Independent Uganda: You get the Truth we Pay the Price