In The Magazine

Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …

It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …

UN moves to set-up Fund for poor and developing countries Kampala, Uganda | RONALD MUSOKE | The United Nations has established a transitional committee to begin work on operationalizing a new fund whose purpose is to respond to climate change-related losses and damage in poor and developing countries like Uganda. …

Kampala, Uganda | THE INDEPENDENT | dfcu bank’s profit after tax has more than doubled to Shs 30.6bn for 2022 owing to a sharp drop in operating expenses. The lender’s impairment losses on financial instruments fell from Shs 148bn in 2021 to Shs 88bn as interest payment on deposits dropped from …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda through its Corporate Social Responsibility arm, MTN Foundation, has today commenced the construction of a new girls’ dormitory at Salama School for the Blind worth Shs295 million to improve accommodation services for the learners. The 36-bed facility to accommodate up to 72 learners …

Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association has unveiled a campaign dubbed Wewanile to rally the population to purchase life insurance services. The Independent caught up with UIA CEO Jonan Kisakye to highlight the significance of the campaign and life insurance growth prospects. What is your assessment of the …

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda has published the list of accounting firms and practising accountants licensed to operate in Uganda as at March 31, 2023. The list contains 248 accounting firms and 398 practising accountants. There are 10 new firms and 21 …

Time is running out for the once-sprawling ice fields in the Rwenzori Mountains Kampala, Uganda | John Wendle | Enock Bwambale stopped at the lip of the dying glacier, its blunted nose arcing steeply down to scoured rocks, then shouted up to his fellow guide Uziah Kule that the ice was too …

The government’s decision to take over Nalubaale and Kira hydropower dams comes barely a year following a similar step on Namanve Thermal Power Plant. Kampala, Uganda | KHISA ISAAC | Ugandan government has repossessed assets of the country’s two oldest hydropower dams Nalubaale and Kira downstream of R. Nile in Jinja …

Kampala, Uganda | THE INDEPENDENT | The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to the Stanbic Purchase Managers Index for the month of March, released today. The headline PMI …