Business

Kampala, Uganda | ISAAC KHISA | UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of UAP Old Mutual Properties …

Entebbe, Uganda | THE INDEPENDENT | Tanzania has pledged to buy at least 10,000 tonnes of  Ugandan sugar and an unspecified amount Anti-Retroviral drugs-ARVS from Cipla Uganda. In a joint communique issued by Uganda’s State Minister of Foreign Affairs, Henry Okello Oryem and his Tanzanian counterpart, Liberata Mulamula, after a meeting between President …

Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …

The total group equity value of the joint venture, which will operate in nearly 30 African countries, is expected to be more than $2.1bn, according to Allianz | THE INDEPENDENT | South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in …

Kampala, Uganda | THE INDEPENDENT | Amidst a heated debate, Minister of Finance Matia Kasaija has named 10 companies that have been paid, and 23 who have been verified and are set to be compensated after losses in South Sudan’s 7-year civil war that started in 2013. The 33 are …

Entebbe, Uganda | THE INDEPENDENT | Tanzania’s President Samia Suluhu Hassan is in Uganda for a two day state visit, and has on day signed health, security, energy and trade pacts. President Yoweri Museveni held a meeting with her at State House Entebbe before briefing the press.   Share on:

Kampala, Uganda | THE INDEPENDENT | Uganda’s leading paint manufacturers, Kansai Plascon treated their dealers from across the country to a sumptuous dinner at the Kampala Sheraton Hotel over the weekend. The dinner which is held annually is aimed at celebrating the company’s dealers for their continued dedication towards the growth …

The exhibition is expected to attract 100 international exhibitors to promote their businesses Kampala, Uganda | THE INDEPENDENT | After two years of no show due to COVID-19 related restrictions, Uganda Manufactures Association is in high gear to host sector players from across the world for the 28th Trade Fair. …

The firm maintains a positive outlook going forward Kampala, Uganda | THE INDEPENDENT | Telecom firm, MTN Uganda recorded a 20% increase in profit after tax to Shs100bn in quarter one of 2022, signifying an improvement in profit margins. The performance was boosted by data revenue, which increased by 45% …

But reopening of economy will boost growth in the year through June to 4.5% and 6% in 2022/23 Kampala, Uganda | ISAAC KHISA | Uganda risks going into a new borrowing spree in the event that the government extends subsidies to essential commodities to cushion the soaring prices, according to …