Power generator cleared to hire new dam supervisor Kampala, Uganda | JULIUS BUSINGE | Power generator—Uganda Electricity Generation Company Limited (UEGCL)—is set to hire a new supervisor technically known as Owner’s Engineer (OE) for the 183MW Isimba hydro-power dam. This comes two months after the contract of Energy Infratech expired in …
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Paris, France | AFP | International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms “while the sun is shining” on the global economy. In an interview with France’s Le Journal du Dimanche published Sunday Lagarde said the strength of the global economic recovery …
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So why might there be hunger tomorrow? Kampala, Uganda | RONALD MUSOKE | On April 14, this year, Betty Atyeno, a 30 year old pregnant mother from Atali village in Abako Sub-County, in the northern Uganda district of Alebtong lost her grip – up a mango tree. She plunged metres …
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Low private sector lending, decline in interest rates to take toll on the bank’s profitability for the year ending Dec 2017 Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks seem to be laying down new strategies as the industry anticipates to record subdued earnings in 2016 owed to low private …
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Kampala, Uganda | THE INDEPENDENT | Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit. Fabian Kasi, the managing director of Centenary Bank said the new partnership re-affirms the lender’s commitment to …
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Kampala, Uganda | THE INDEPENDENT | On Dec.14, dfcu Bank in partnership with Price Waterhouse Coopers (PwC) and NTV Uganda rewarded Geneber Outspan Organic Farmers with Shs 25million after emerging as the overall winner of the nationwide campaign targeted at driving a savings and investment culture in Uganda. The campaign, which …
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Kampala, Uganda | ISAAC KHISA | Sanlam General Insurance Uganda has appointed two senior executives in an ongoing re-organisation of the firm’s management following the US$6.5 million acquisition of Lion Assurance Company (LAC) and rebranding last month. Ambrose Kibuuka has been appointed as General Manager, Commercial Business Division and Donato Laboke, …
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Kampala, Uganda | THE INDEPENDENT | Dubai-based carrier, Flydubai, has unveiled flights out of Kilimanjaro International Airport in Tanzania, expanding its network in Africa to 12 destinations. The carrier will offer six flights a week to Kilimanjaro, three of which are via a stop in the capital, Dar es Salaam bringing …
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Kampala, Uganda | THE INDEPENDENT | Kenya’s telecom firm, Safaricom, has relaunched its Internet-enabled digital TV decoders in the market a year after it suspended sales to address technical malfunctions, according to Business Daily. The telco started selling the Safaricom Digital TV and Internet Box for Kshs 9,999 (Shs350, 000) at …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme, is to invest $155 million during 2018 to among other things, refurbish old networks, build new power sub-stations and improve the network across the country. The firm’s Deputy Managing Director, Sam Zimbe, said they have submitted an investment plan for the …
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The Independent Uganda: You get the Truth we Pay the Price