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Stanbic sees profit growth as dfcu fall

Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on the Uganda Securities Exchange, the …

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Umeme’s net profits tumble to Shs12 billion

Nevertheless, the company has declared a 22.4% increase in its dividend payout, translating to Sh 78.2 per ordinary share as concession draws closer Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distribution company, Umeme, has reported a significant decrease in its net profit, plummeting from Shs 148 billion in 2022 to …

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Speaker Among pledges to lobby for Public University in Bugisu

Mbale, Uganda | THE INDEPENDENT |  The Speaker of Parliament, Anita Among, has pledged her support for the establishment of a public university in Masabaland. Among emphasized her commitment to collaborating closely with the Bamasaba cultural leadership, asserting that a public university in Bugisu would greatly benefit many youths who may …

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Uganda’s trade amidst changing global trends

Kampala, Uganda | THE INDEPENDENT | Several African countries are on the way to being declared middle-income economies, with the declaration of some coming sooner than Uganda’s, amidst major disruptions in global trade. These disruptions include the reorganization of trade routes and partnerships due to the geopolitical situations in Eastern Europe, …

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Uganda’s Airforce deputy chief Stephen Kigundu dead

  Entebbe, Uganda | THE INDEPENDENT |  Brigadier General Stephen Kigundu, the Deputy Commandant of the Air Defense Forces is dead. The Defense Spokesperson, Brigadier General Felix Kulayigye announced Kigundu’s demise in a brief statement issued on Sunday evening. “Brigadier General Stephen Kigundu was well all day until in the …

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MUSEVENI: RDCs, LCs should be at the frontline against corruption

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Museveni has said the corrupt are parasites that delay and undermine the country’s transformation efforts, and has hailed religious leaders for speaking out against the vice. ” I was very happy to hear the religious leaders’ message of condemning corruption. Keep it …

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Archbishop Kaziimba: Fighting corruption comes with job risks

  Kampala, Uganda | THE INDEPENDENT | The Most Rev. Dr. Samuel Stephen Kaziimba Mugalu, Archbishop of the Church of Uganda, has asked all people occupying public offices to refrain from engaging in corruption. Speaking during the Easter Sunday service at All Saints Cathedral Church in Nakasero, Archbishop Kazimba explained that …

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Masaka Catholic Bishop urges leaders to tame egos

Masaka, Uganda | THE INDEPENDENT |  The Masaka Diocesan Catholic Bishop Severus Jjumba has challenged political leaders in the area to restrain their egos, to avoid frustrating social progress and transformation of their communities. During his homily, while leading Easter Mass at Our Lady of Sorrows Cathedral Kitovu, in Nyendo-Ssenyange …

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