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The independent

PostBank net profit up 16.7%

Supported by earnings on deposits, loans, fees and commission Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda has reported an increase in profit after tax from Shs8.3bn in 2019 to Shs10bn in 2020 amidst the COVID-19 pandemic crisis. According to its financial results released on May 03, …

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Somalia’s death knell of democracy

How a toxic political and security order backed by the AU is destroying the glorious past of Africa’s first democrats COMMENT | ABDI ISAMIL SAMATAR | By the mid-1990s, it was clear to the world that Somalia had become Africa’s first failed post-colonial state. But this vast country of just …

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Solar power dealers face fines under new law

Players question UNBS’ ability to enforce standards | THE INDEPENDENT | Dealers in solar home systems that do not meet the newly completed standards face prosecution and fines under the amended law. The Uganda National Bureau of Standards recently released the new standards – US IEC TS 62257-9-8 and IEC …

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Bugolobi wastewater plant operational

The Bugolobi-Nakivubo wastewater treatment plant is now operational. The wastewater treatment plant, the largest in the country, takes care of the effluent from the capital Kampala. It is designed to reduce pollution of Lake Victoria. | THE INDEPENDENT | Seven years after the construction of the Bugolobi-Nakivubo wastewater treatment plant …

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Health and safety in forestry sector

Study shows that it can reduce business costs and improve productivity for Uganda’s small-scale sawmillers | ZAINABU KAKUNGULU | Over the past two decades, growing trees, mainly for timber and poles increasingly became a popular investment venture in Uganda. It is estimated that the area of forest plantations in Uganda …

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Grand Ethiopian Renaissance Dam

Why it’s a blessing for Nile Basin countries of Africa ANALYSIS | BELACHEW C TESFA, PhD | In 2011, Ethiopia began building the Grand Ethiopian Renaissance Dam Project (GERD) on the Blue Nile River, 60 kilometers from the Sudan border. The reservoir has a storage capacity of 74 billion cubic …

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