In The Magazine

Some lenders have either voluntarily exited the market or offered themselves for acquisitions to meet the new capital requirements Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has got the nod from the Capital Markets Authority to go ahead with the bonus issue to raise capital to meet the new …

CTI Foundation launches in Uganda Kampala, Uganda | PATRICIA AKANKWATSA | In a stride towards combating sickle cell disease (SCD) in Uganda, the CTI Foundation on May 23 made its debut in the country, bringing renewed hope for individuals affected by this hereditary blood disorder. Speaking about the launch, CTI Global …

New era of redefining how continent deals with health, humanitarian and climate crises Kampala, Uganda | AGENCIES | The Africa Centres for Disease Control and Prevention (Africa CDC) and World Health Organisation (WHO) have launched of a Joint Emergency Preparedness and Response Action Plan (JEAP). This pioneering five-year strategic collaboration will …

African brands slip to 14% o as non-African brands entrench positions Kampala, Uganda | AGENCIES | • Nike retains #1 ranking for 5th consecutive year in a relatively unchanged Top 10 ranking of the most admired brands in Africa. • Unicef is the #1 NGO. • Coca Cola the #1 non-African …

Kampala, Uganda | JULIUS BUSINGE | Nile Breweries Limited has launched a social entrepreneurship program dubbed “100+ Accelerator,” Cohort 2023 aligned towards the promotion of business start-ups committed to sustainability. The program, an initiative of the parent company of NBL, AB InBev will offer a funding opportunity of up to …

But directors have recommended a dividend of Shs2.5 per share payable in September this year which is higher than Shs2 per share paid last year. Kampala, Uganda | JULIUS BUSINGE | Pharmaceutical manufacturing company Cipla Quality Chemical Industries Limited has reported a 21% decline in profit after tax from Shs24bn in …

Kampala, Uganda | THE INDEPENDENT | Roofings, the leading manufacturer of steel and plastic construction materials in East and Central Africa, was honoured with an esteemed award for its outstanding performance in occupational safety and health management. The Ministry of Gender, Labour, and Social Development bestowed this accolade upon the company …

Kampala, Uganda | THE INDEPENDENT | The Uganda Civil Aviation Authority (UCAA) is planning to use the much-anticipated aviation expo to promote air transport among members of the public. UCAA Director General, Fred Bamwesigye told reporters that the authority said the expo will be a good platform to demystify the many …

NEWS ANALYSIS  | THE INDEPENDENT | The Biden administration has ratcheted up protectionism and industrial policy amid surging economic tensions with China. Legislation passed in 2022 unlocked hundreds of billions of dollars in subsidies to spur domestic production of renewable energy and electric vehicles, and to support other decarbonisation goals. The …

Kampala, Uganda | THE INDEPENDENT | Sugarcane farmers in Busoga can now access up to Shs100 million in unsecured farmer loans repayable within two years at an interest rate of 2% per month courtesy of a new partnership between Stanbic Bank, Kakira sugar works, and Busoga Sugarcane Growers Association. Dubbed the …