The company operates four power stations — Nalubaale–Kiira, Isimba, Namanve and Karuma — with a combined installed capacity of 1,213MW Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL), the state-owned power producer, reported a sharp fall in annual profit for the 2024/25 financial year, underscoring the …
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Dubai, UAE | THE INDEPENDENT | MAM Telecom Ltd, a Kampala-based fintech solving mobile money float shortages, has been accepted into FasterCapital’s prestigious EquityPilot acceleration program. The partnership will support MAM Telecom in raising a $5 million seed round to launch East Africa’s first 24/7 digital float liquidity platform. Uganda’s …
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Kampala, Uganda | THE INDEPENDENT | Entrepreneur Stuart Kasule is introducing a wave of premium international liquor brands to Uganda’s beverage market, aiming to elevate the drinking experience in East Africa. Pearl Liquors Uganda Ltd., founded by Kasule, who built his career in Australia, is launching three globally recognized brands: …
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Bundibugyo, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has announced plans to establish a chocolate factory in Bundibugyo District, reaffirming his commitment to expanding value addition and creating jobs in Uganda’s cocoa-rich region. Addressing supporters during his campaign tour, the NRM Presidential Flagbearer said the venture will harness …
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PRAU honors Uganda’s top innovators at 9th Excellence Awards Kampala, Uganda | THE INDEPENDENT | The Public Relations Association of Uganda (PRAU) has been hailed for investing in recorgnising organizations and individuals who champion innovations and brilliance. Held under the theme “Recognizing Innovation and Impact in Public Relations,” the 9th PRAU …
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KAMPALA,UGANDA | Xinhua | China’s expanded zero-tariff policy for African goods is expected to significantly boost Uganda’s coffee exports and raise household incomes, a leading Ugandan coffee entrepreneur has told Xinhua. Nelson Tugume, chief executive officer of Inspire Africa Group, which owns the African Coffee Park in Uganda’s western district …
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SAN FRANCISCO | Xinhua | Africa’s passenger air traffic is expected to grow an average of 6 percent annually through 2044, driven by a young population, an expanding middle class, rapid urbanization and continued investment in airports and connectivity, U.S. aircraft manufacturer Boeing said Tuesday. According to Boeing’s 2025 Commercial …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s accelerating shift toward digital finance is widening the very gaps policymakers have pledged to close, with experts warning that persons with disabilities (PWDs) remain fundamentally excluded from emerging financial systems. This concern took centre stage at the 5th Annual Disability Symposium held at …
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Kampala, Uganda | JULIUS BUSINGE | The COMESA Competition Commission has formally opened an inquiry into the proposed acquisition of Cold Solutions East Africa Holdings Limited by Inspired Evolution Managers Limited, setting in motion a regional regulatory review of the transaction under the bloc’s competition rules. In a Merger Inquiry Notice dated …
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Kampala, Uganda | THE INDEPENDENT | Nova Microfinance, a provider of inclusive financial services, has teamed up with Simba Automotives Limited, one of Uganda’s largest motorbike companies to increase access to both fuel-powered and electric motorcycles for individuals, companies , and business owners across their 65 distribution points in the …
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The Independent Uganda: You get the Truth we Pay the Price
