Kampala, Uganda | THE INDEPENDENT | The headline Stanbic Purchasing Managers’ Index (PMI) dipped to 51.2 during February from 53.2 in January as business activity increased in the services and wholesale and retail categories, but decreased in agriculture, construction and industry. However, the Ugandan private sector remained in growth territory at …
Read More »Kenya’s former Absa CEO Jeremy Awori assumes office at Ecobank Group
Kampala, Uganda | THE INDEPENDENT & AGENCIES | Jeremy Awori, Kenya’s seasoned banker, has officially joined Ecobank as its new Chief Executive Officer (CEO), a few months after exiting Absa Bank Kenya. Awori was appointed Pan-African lender CEO in September of last year, succeeding Ade Ayeyemi, who retired. He joins from …
Read More »East African Breweries retires Japheth Katto
Kampala, Uganda | THE INDEPENDENT | The Board of Directors of East African Breweries PLC hereby announces the retirement of Japheth Katto as a director of the company with effect from Feb.28. Katto steps down after having served the company for nine years as an independent director. “The Board takes this …
Read More »BAT calls on Govt to help fight illicit trade
Kampala, Uganda | THE INDEPENDENT | BAT Uganda has called upon the Government to ramp up efforts to curb illicit trade in cigarettes, which it says is impacting the sustainability of its business. In its 2022 performance results, the company says it recorded a 6% revenue growth, to Shs99.5 billion. Profit …
Read More »Busiro are Airtel-Masaza Cup winners
Airtel Uganda re-affirms commitment to support 2023 Masaza season Kampala, Uganda | THE INDEPENDENT | The 2022 Airtel – Masaza Cup tournament organized by Buganda Kingdom in partnership with Airtel Uganda has climaxed with Busiro claiming the 2022 Title against Buddu. Busiro beat Buddu 2-1 in added time of today’s …
Read More »DRC suspends traffic on roads connecting to Goma City
Goma, DRC | THE INDEPENDENT | The government of the Democratic Republic of Congo has suspended traffic on four major roads connecting to Goma City in North Kivu province, just one day after re-opening. The authorities had allowed the resumption of traffic along Goma-Rutshuru-Kanyabayonga, Goma-Sake-Kitshanga-Kanyabayonga, Goma-Sake-Kitshanga-Pinga, and Goma-Sake-Mushaki-Masisi – Walikale …
Read More »COMMENT: Expanding internet connectivity to underserved communities in Uganda will boost economic transformation
COMMENT | MICHAEL MUKASA | Over the past three decades, the internet has become an integral part of our daily lives. Technology has transformed the way we communicate, obtain information and do business. However, the benefits of the internet have not reached everyone equally, especially in the underserved areas …
Read More »Airtel Money opens 450,000 Micro-Enterprises to digital financial inclusion in just 9 months
Kampala, Uganda | THE INDEPENDENT | The journey of digital financial inclusion within Uganda’s big informal economy continues to make important milestones. This journey is important in the delivery of an economy that works for the many and reducing the cost of doing business. In May 2022, Airtel Mobile Commerce Limited …
Read More »CNOOC Ltd announces major oilfield discovery of Bozhong 26-6 in Bohai
Hong Kong | THE INDEPENDENT | CNOOC Limited announced today that it has discovered Bozhong 26-6 oilfield in Bohai Sea, which brings another hundred million tons of reserves. Bozhong 26-6 oilfield is located in the south of Bohai Sea, with an average water depth of 22 meters. The main oil-bearing …
Read More »This Kenyan cowhorn luxury jewellery brand with a Luganda name is going global
Lucille Nyikuri repurposes cattle horn into elegant, distinctive jewellery and her striking craftsmanship is seeing her jewellery snapped in luxury markets worldwide. Nairobi, Kenya | BIRD AGENCY | What would a vice president at SC Johnson Business School at Cornell University in the United States, an interior design ambassador in …
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