Company expects more revenue from government’s free connection policy Kampala, Uganda | JULIUS BUSINGE | Power distributor, Umeme Limited recorded a 70% jump in profit after tax for the year ended December 2018 compared to the previous year. This came after the company settling a conflict regarding a specific clause …
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Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to $285.4 million. The total comprehensive income reflects a …
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Kampala, Uganda | THE INDEPENDENT | Agriculture might be finally catching financiers’ eye, with money disbursed to farmers topping all other sectors in January, according to official figures. Statistics from the Finance and Economic Development Ministry show that agriculture received 28% (Sh 283bn) of all loans disbursed in January up …
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Top managers are optimistic the future of the business is bright Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu would be happier if the bank’s financial accounts showed a decline in costs and increase in revenue. This is not the case for the financial year 2018. However, dfcu’s …
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Kampala, Uganda | THE INDEPENDENT | Hearing of a case filed by traders operating on contested commercial buildings in Kampala failed to take off on Monday as the respondents sought leave to file more affidavits and cross examine the applicants. More than 292 city traders ran to the Civil …
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Kampala, Uganda | THE INDEPENDENT | Uganda Airlines, the national carrier of Uganda, has firmed up its order for two A330-800 airliners, the latest version of the most popular A330 widebody airliner. They become only the second airline to own the new aircraft. Kuwait Airways is the only other customer …
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A digital overhaul of Africa’s tax system is needed to boost revenue collection, regional coordination and financing, Adam Elhiraika, Director of Macroeconomic Policy at the Economic Commission for Africa says in conversation with Shoshana Kedem during the recently Conference of African Ministers of Finance, Planning and Economic Development in Marrakech, …
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Kampala, Uganda | THE INDEPENDENT | Economists have warned against over running government budgets saying the move will distort government’s planning processes. Recently, the Ministry of Finance, Planning, and Economic Development (MoFPED) released the Economic Performance report for January 2019. The report revealed that government spent Shs1.286 trillion instead of …
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Will economists prove more helpful today, when the challenges are as pressing as the Great Depression? COMMENT | DANI RODRIK | At the end of 1933, John Maynard Keynes sent a remarkable public letter to U.S. President Franklin Delano Roosevelt. FDR had taken office earlier that year, in the midst …
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Kampala, Uganda | THE INDEPENDENT | Kenyan Journalist Patrick Alushula bags Overall Award, Pan African Journalist of the Year Wolmar, Flic En Flac, Mauritius, March 28th, 2019: Leading Pan African Reinsurance firm, Continental Reinsurance Plc has announced winners of the 2019 Pan African Re/Insurance Journalism Awards at its annual 6th CEO …
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The Independent Uganda: You get the Truth we Pay the Price
