Business

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 …

  Mbale, Uganda | THE INDEPENDENT | Nile Breweries Limited through their premium beer Club Pilsener have once again partnered with Brand Purple Uganda Limited in their countrywide Purple Party musical tours. Happening for the first time since the lifting of the Covid-19 lockdown, Purple Party, one of the biggest …

Kampala, Uganda | THE INDEPENDENT | Ugandan poultry farmers have denied accusations by their Kenyan counterparts that they export cheaper poultry products to Kenya, which is distorting the market. Last week, Kenyan media reported that poultry farmers had petitioned the Ministry of Agriculture Fisheries and Livestock calling for a total …

Kampala, Uganda | THE INDEPENDENT | Lois Aber Kwikiriza has been appointed the new Head of Marketing at MultiChoice Uganda. Kwikiriza takes on the mantle from Colin Asiimwe who has been at the helm of marketing at MultiChoice Uganda for the last two years. While welcoming the newly appointed Head …

Jinja, Uganda | THE INDEPENDENT | The mutilated and beheaded body of a prominent businessman in Jinja City has been found in a sugar plantation, with all indications that he was subjected to ritual sacrifice. Now Police in Busoga East are investigating circumstances under which the  53-year-old George Waidha, a …

Addis Ababa, Ethiopia | Xinhua | The Ethiopia Ministry of Trade and Regional Integration (MoTRI) has announced a decision to hike gas prices by 16 percent starting Sunday. The ministry said in a press statement released Saturday evening that the price hike would see gas prices rise from 31.74 Ethiopian …

Kwania, Uganda | THE INDEPENDENT | Farmers in Atongtidi sub-county Kwania district in northern Uganda are worried about the outbreak of fall armyworms. Fall army worms also known as a butterfly are pest species that attack over 80 varieties of crops including maize, sorghum, sugarcane, cotton, rice and wheat among …

Lira, Uganda | THE INDEPENDENT | The Speaker of Parliament Anita Among has donated sh20 million towards the establishment of Lira City Women SACCO. The cash donation was handed over to the Lira City Woman MP Jane Aceng Ocero who is also the Minister of Health by  Mary Goretti Kitutu, …

  Kampala, Uganda | THE INDEPENDENT | The Uganda Communication Commission (UCC) has warned the public against the increasing cases of fraud. UCC through the Acting head of communication and international relations Rebecca Mukite says that there is an increasing trend of conmen who trick people into giving mobile money …