Business

Structural defects and contractor delays now threaten Uganda’s energy future Kampala, Uganda | JULIUS BUSINGE | The Isimba Hydropower Dam, a flagship project in Uganda’s energy sector, was envisioned as a cornerstone of the country’s long-term development goals. Commissioned in 2019, the 183MW facility was meant to provide affordable and reliable …

The telecom firm recorded a 19.5% increase in service revenue to Shs 3.1 trillion, fueled by a 30.5% rise in data revenue and 22.8% growth in fintech earnings Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has delivered a 30.1% surge in net profit to Shs 641.5billion for FY 2024, a …

Kampala, Uganda | JULIUS BUSINGE | Newly qualified accountants have been urged to uphold ethical values, embrace emerging technologies, and adopt a strategic mindset as they step into the evolving world of finance. Speaking as the chief guest at the Institute of Certified Public Accountants of Uganda (ICPAU) graduation ceremony in …

BEIJING | Xinhua | China’s government work report, unveiled Wednesday at this year’s annual session of the national legislature for deliberation, has garnered widespread attention from home and abroad. How did the world’s second-largest economy perform in the past year? What are its major development goals and policy directions for …

The region has made a remarkable recovery from the impacts of COVID-19, recording approximately 8.5 million international tourist arrivals in 2024, surpassing pre-pandemic levels of 7.7 million in 2019 Kampala, Uganda | AGENCIES | For the first time, the East African Community (EAC) will participate as a unified entity at the …

Things looked bad for Francis Thoya when the event planner lost his income and became a shark meat seller. But that led to an “aha” moment that has since become a win-win for him and his community. SPECIAL REPORT | BIRD AGENCY |  A delicious smell of baking fills the …

Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded two leaders of the Uganda Liberal Teachers’ Union Members’ SACCO on charges of obtaining money by false pretence and conspiracy to defraud. The leaders are Evans Mutesasira Kaganizo, the SACCO Chairperson resident of Katanga Zone in …

Kampala, Uganda | THE INDEPENDENT | The Police have identified the two people who died in the Wednesday fire that gutted the Sunrise Hotel Building in Kampala. Kampala Metropolitan Police Spokesperson, Patrick Onyango, has identified the victims as Akot Akol Arop Chan, a South Sudan National and Shineni Mwinsadi, a …

Dar es Salaam, Uganda | THE INDEPENDENT | While government has decided that expected oil and gas revenues will be reserved in a Petroleum Fund for infrastructure development, experts from across Africa have urged extra caution. The Petroleum Fund was part of the outcome of a benchmarking exercise in Norway at the …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has commissioned the Kampala Flyover Project, aimed at easing traffic congestion and improving road networks in the city. The project is part of the government’s broader efforts to modernize urban transport and boost economic growth. Speaking at the commissioning ceremony …