Orient Bank’s acquisition in Uganda expands its balance sheet by Shs753 billion Kampala, Uganda | ISAAC KHISA | Regional lender, I&M Group PLC has recorded 33% growth in profit after tax to Shs134.6billion for 2021 half year period ended June.30. Its net interest income grew by 28% to Shs 285.2 …
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The company’s trading price has tumbled to less than Shs100 per share, down from Shs 256.5 IPO level Kampala, Uganda | ISAAC KHISA | Shareholders of drug maker, Cipla Quality Chemicals Ltd will not earn a dividend for the second consecutive year even after reporting a more than 50% drop …
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Growth is attributed largely to government’s move to relax second lockdown measures Kampala, Uganda | JULIUS BUSINGE | The business community has reported an improved business environment that has seen them somewhat recover from the negative effects of the 42-day lockdown, according to a monthly survey report sponsored by Stanbic …
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Beijing’s outreach is largely driven by the desire for support on the international stage from the continent’s 54 countries | THIERRY PAIRAULT | For all the talk of China’s growing presence in Africa, its economic engagement is surprisingly limited. In 2020, Africa accounted for 4 percent of China’s trade with …
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Opposition fear foreign-based critics could become new targets of government following disappearance of notorious Turkey-based vlogger Kampala, Uganda | IAN KATUSIIME | The Independent recently held a very revealing interview with the Attorney General, Kiryowa Kiwanuka, on the whereabouts of Fred Kajjubi Lumbuye; the missing critic of the government and …
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Donors offer relief but locals have different ideas Kampala, Uganda | RONALD MUSOKE | The north-eastern sub-region of Karamoja is notorious for its perennial food shortage. And once again humanitarian aid is flowing in. This time, the aid is in form of a Shs16.69billion (€4 million) project known as the …
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Number of school dropouts likely to increase due to teenage pregnancies Kampala, Uganda | PATRICIA AKANKWATSA | The Ministry of Education and Sports has yet to announce the dates for schools to re-open again after being shut down at the height of the Second wave of COVID-19. But the delay …
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New hi-tech Katosi plant cheaper, cleaner Kampala, Uganda | RONALD MUSOKE | Sprawled on 25 acres near the shores of Lake Victoria in a quiet village in Mukono district and about 50km east of Kampala, the new Katosi water treatment plant is designed to produce 240 million litres per day. …
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A frank memo to those demanding that we purchase credibility at the price of mutilating of our beliefs THE LAST WORD | ANDREW M. MWENDA | A section of the Ugandan talking heads have made a fetish of “credibility”, particularly the sort of “credibility” purchased by denouncing President Yoweri …
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Why not exploit opportunities for public private partnership instead of focusing on loans from local banks? COMMENT | RUGABA AGABA | Andrew Mwenda’s “Uganda’s self-destructive impulses” in the Independent Magazine of August 9, 2021 raises interesting perspectives on Uganda’s banking industry and local capital development for social economic transformation. Whereas …
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The Independent Uganda: You get the Truth we Pay the Price