Business

Kampala, Uganda | THE INDEPENDENT | Cipla Quality Chemicals Limited has reported a substantial 74% dip in profit after tax to Shs 3.56 billion for the six months ending September 30. The dip is attributed to a significant increase in operating expenses and a shift in the product mix. The company’s …

Kampala, Uganda | THE INDEPENDENT |  Money lenders and microfinance institutions have been advised to use legal means to conduct their businesses instead of resorting to the use of force, especially in recovering money. This comes at a time when the small lenders are trying to get to terms with …

Kampala, Uganda | THE INDEPENDENT |  The insurance industry estimates that Ugandans will pay up to sh2 trillion in total premiums for different products next year, as the population becomes more aware of the importance of insurance. This is partly attributed to the innovative products that have become more appealing …

Kampala, Uganda | THE INDEPENDENT | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, has issued a profit warning for the six months period ended Sept.202, 2023, citing changes in product mix. The Uganda Securities Exchange-listed firm now expects to report lower net earnings than what it reported during the same period …

Kampala, Uganda | THE INDEPENDENT | In line with EACOP’s environmental mitigation and conservation requirements, EACOP has signed a Memorandum of Understanding with the Ugandan National Forestry Authority (NFA) to facilitate the continued partnership between the two entities for biodiversity conservation and natural resource management where their areas of interest coincide. …

Johannesburg, South Africa | THE INDEPENDENT | MTN South Africa and Huawei have won the “Sustainability Champion of the Year” award at this year’s AfricaCom Awards. AfricaCom is the largest annual event in the communications industry in Africa. Its awards are designed to recognize organisations and institutions that have made …

  Kampala, Uganda | THE INDEPENDENT |  The Secretary to the Treasury Ramathan Ggoobi has hailed Uganda’s top tax payers, saying they have contributed greatly to the transformation of the country. ” I thank all Ugandans who pay their taxes because it’s from this revenue that government finances the country’s …

Kampala, Uganda | THE INDEPENDENT |  In a bid to stimulate business growth for its retailers, Nile Breweries has trained 100 local retailers in entrepreneurship, digital, and financial skills. The training code-named GRIT – Growing Retailers Innovatively Together – is aimed at upskilling the retailers to help them grow their …

Kampala, Uganda | THE INDEPENDENT |  Uganda Baati, a leading manufacturer of roofing and building materials in Uganda, has announced the launch of a new e-commerce platform, providing customers with an effortless and convenient way to purchase its high-quality stone-coated shingles. Macklean Kukundakwe, Head of Marketing at Uganda Baati, said …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has appealed to the government of China to open their market for more finished goods from countries like Uganda. “I would like to encourage China to open their market more for processed coffee and other products, not only raw materials,” he …