The contractor set to come up with a new commissioning plan Kampala, Uganda | ISAAC KHISA | Karuma Hydropower Dam, the country’s flagship power project, now has all identified defects fixed but it is likely to miss the June 2022 target date for commissioning. Executives at the state-run Uganda Electricity …

The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …

Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …

But the recovery in the economy is expected to boost growth in 2022 Kampala, Uganda | ISAAC KHISA | dfcu bank’s net profit fell 46% for the year 2021 to Shs13.2billion due to the increase in non-performing loans but the management believes that the recovery of economy that had been …

The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …

The government took over operation and maintenance of a 50MW Namanve Thermal plant last month Kampala, Uganda | ISAAC KHISA | South African electricity firm, Eskom, will cease to operate and maintain Kiira and Nalubaale Hydropower Dams in eastern city of Jinja once its concession comes to an end next …

But the cost remains high for most households Kampala, Uganda | ISAAC KHISA | A new solar energy project is using green technology to improve lives of isolated villages living far beyond the reach of Uganda’s electricity grid. The Gomba District Farmers Association members have relied on firewood to cook and …

Airtel Uganda increases internet bundles, leaves price uncnaged Kampala, Uganda | ISAAC KHISA | Telcom firm, Airtel Uganda has taken a price war to the door step of MTN Uganda with a massive increase in internet capacities. The telco, effective Feb.21, doubled daily internet bundles and increased the one on  …

Kingfisher project is expected to produce at least 40,000 barrels of oil per day in the initial stages Kampala, Uganda | ISAAC KHISA | A local construction firm, Excel will earn US$23.2 million in building well pads, 2.5km fence, access roads and water intake points in the Kingfisher oil development …

Uganda scores poorly on all indicators – health, education and social protection Kampala, Uganda | ISAAC KHISA | East African countries have recorded impressive economic growth in the past two decades but there has been little progress in reducing inequality in its population. A new report by a global organisation …