Business

Johannesburg, South Africa | AFP |  South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 — the company’s first — after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging …

Uganda Telecom Limited (UTL) that has been limping for years, will be rescued by government. Government will take over UTL’s full management immediately. Minister for Finance Matia Kasaija confirmed Wednesday that Libyan company UCOM, a subsidiary of majority shareholders Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC), would no …

Washington, United States | AFP |  US President Donald Trump pledged Tuesday to bring one trillion dollars in public and private investment to rebuild what he called America’s crumbling infrastructure. Trump made the promise in a high-stakes speech to a joint session of Congress, moving to make good on one …

VIDEO: The man caught on camera on Monday wielding a stick and blocking the Lord Mayor and Councilors from visiting Park Yard market opens up to NBS TV, and says he works for peace. About three men were captured Monday afternoon wielding sticks, and at some point blocking traders from accessing …

Former street kids turn to helping vulnerable women For many people, the mere mention of its Iwawa Island invokes fear and uncertainty. Fear that you have finally been nabbed by law enforcement officers and you do not know your fate and uncertainty for what’s going to become of you when …

  Retail chain finalises plans to pay suppliers debts, revamp outlets Finally, there is good news at the outlets of Nakumatt Holdings in Uganda following an announcement by Atul Shah, the group managing director, that it was getting a US$75 million (Approx. Shs282.4 billion) capital injection. Shah said in a …

Other banks say the government needs to urgently pass regulatory framework Stanbic has identified about 1000 agents to deal with as soon as the proposed new agency banking is legalised, according to the Chief Executive Officer of Uganda’s largest bank, Patrick Mweheire. In an interview with The Independent, Mweheire said …

Kampala Lord Mayor Erias Lukwago and KCCA councilors have Monday afternoon been blocked from accessing the cordoned-off Park Yard Market, with a group of stick wielding men forcefully ordering them off the premise. Lukwago attempted to access the area after KCCA Council resolved to undertake a fact finding mission to …

Rebecca Kaduru is the Executive Director of KadAfrica, a social enterprise based company. She spoke to the Independent’s Agnes E Nantaba about the potential of social enterprises and agri-business in supporting Uganda’s economy. What are the key elements in your management philosophy? Managing a social enterprise is a bit more …

VIDEO: The late Bonny Katatumba was an asset for Uganda in the eyes of Prime Minister Dr Ruhakana Rugunda. The premier described the late Katatumba as enterprising, and patriotic who greatly contributed to building peace and the economy. The premier was speaking at a requiem mass at Rubaga Cathedral. Share on: WhatsApp