However, SBG Securities Ltd.’s revenues were impacted largely by a drop in capital markets activities Kampala, Uganda | THE INDEPENDENT | Stanbic shareholders will get Shs 6.98 per share totalling Shs 235bn following a 33% growth in profits for the year ended December 31, 2022. This is 1.7% higher than the …
Read More »EU boosts Somalia peacekeeping mission
Offers 120m Euros as ATMIS marks one year Kampala, Uganda | IAN KATUSIIME | The African Union Transition Mission in Somalia (ATMIS) is marking one year since its mandate began with a shot in the arm: Euros 118 million ( Approx. Shs481 billion) from the European Union for its 2023 operations. …
Read More »Uganda’s tourism sector on a path to recovery
International visitor arrivals increase by 59% during the year Kampala, Uganda | JULIUS BUSINGE | Uganda recorded a 59% increase in international visitor arrivals to 814,508 in 2022 signalling a recovering tourism sector from the effects of the coronavirus pandemic. The report released by the Ministry of Tourism Wildlife and Antiquities …
Read More »Stanbic officially launches season 8 of schools business challenge
Kampala, Uganda | THE INDEPENDENT | On March 30, Stanbic Bank has officially unveiled the 8th edition of the National Schools Championship programme to further support Uganda’s economic resilience. The programme, which has been running for the last eight years has impacted 420,000 students across the country and expanded opportunities by …
Read More »UBL wins Prudential HR awards
Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited is the overall winner for Prudential HR Awards for 2022. Prudential Uganda in partnership with PwC recently launched the second edition of the Prudential Best HR Practices survey report indicating a total of 3000 employees taking part. The 2022 survey is the …
Read More »NSSF put unregistered employers on notice
More than 50,000 employers have been given a 30-day deadline to pay contributions Kampala, Uganda | JULIUS BUSINGE | Uganda’s employers irrespective of the number of workers employed have only 30 days to register with the National Social Security Fund (NSSF) and remit social security contributions for their employees. NSSF acting …
Read More »Umeme records 6.5% growth in profit to Shs148bn
The electricity distributor’s assets are to be handed over to the government in 2025 Kampala, Uganda | THE INDEPENDENT | A surge in customer base, efficiency in revenue collection and a reduction in energy losses helped the electricity distributor, Umeme to record a 6.5% growth in profit after tax for the …
Read More »Donald Trump indicted
What happens next and what it means for America Kampala, Uganda | AGENCIES | On March 31, after much build-up in the media, The New York Times reported that a Manhattan grand jury has voted to indict former U.S. President Donald Trump. The indictment stems from a criminal investigation by the …
Read More »UMSC electoral commission chairperson Wesswa suspended
Kampala, Uganda | THE INDEPENDENT | Sheikh Shaban Ramadhan Mubaje, on Friday, suspended the Uganda Muslim Supreme Council (UMSC) Electoral Commission Chairperson Omar Muhammad Wesswa for extorting money from aspirants during the election. Mubaje who is the Mufti of Uganda accused Wesswa of failure to avail the management of full reports …
Read More »Uganda to open new passport centre in Beijing
Kampala, Uganda | THE INDEPENDENT | The Ministry of Internal Affairs announced that it will open a new passport centre in Beijing, China in May as one of the ways to ease the issuance and renewal of passports for Ugandans in that part of the world. The ministry spokesperson, Simon Mundeyi …
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