Business

Kampala, Uganda | THE INDEPENDENT | Shareholders of BAT Uganda will walk away with 209 Shillings for each share they hold, following the approval of a total of 10.3 billion Shilling in dividends for the year 2022. In his communication to the shareholders after resolutions of the Thursday Annual General Meeting, …

Kampala, Uganda | ALI MONZER | Does your business have a sustainability plan with respect to Environmental, Social and Governance (ESG) principles? If not, it’s time to come up with one. From business in the telecom sector to banking and from manufacturing to aviation, ESG is taking centre stage as the …

The prospect of a second private telecoms licence in Ethiopia comes after a massive previous bid by regional giant MTN failed Addis Ababa, Ethiopia | BIRD AGENCY | Ethiopia’s July 1 unveiling of a tender for a second new telecommunications license opens Africa’s second-largest market to more competition and comes …

Uganda is paying billions in energy generated but not evacuated, and by 2022, at least sh1.4 trillion had been paid out to 13 generation companies over 15 years for power not used, according to the Auditor General Gulu, Uganda | THE INDEPENDENT | Uganda’s electricity production capacity has increased to …

Elegu, Uganda | THE INDEPENDENT | Ugandan truck drivers have staged a peaceful protest at the Elegu border point in Elegu Town Council in Amuru District demanding the release of their colleagues and trucks impounded by South Sudan authorities. This follows nearly two months of fruitless negotiation between the Ugandan …

  Gulu, Uganda | THE INDEPENDENT | The National Forestry Authority (NFA) has impounded an estimated 200 tons of charcoal in a crackdown on the illegal movement of forest products from the Acholi Sub-region. The operation was jointly undertaken with the Environmental Police Protection Unit (EPPU) and targeted defiant charcoal businessmen …

Kampala, Uganda | THE INDEPENDENT | Shareholders of Uganda Clays Ltd will get half a shilling for every share they hold, as a return on their investment for the year ended December 2022. In the Post Annual General Meeting notice issued to the markets Tuesday, the company secretary, Lex Advocates, …

EAC remains the biggest market for Kenya’s value-added products such as Cement, Palm oil, Coated Flat-rolled Iron, Soap, Machinery Kampala, Uganda | THE INDEPENDENT |Kenya’s decision to conclude negotiations for an Economic Partnership Agreement (EPA) with the European Union has sparked verbal fights with civil society organisations saying the deal …

Kampala, Uganda | PATRICIA AKANKWATSA | Funds locked up in Uganda’s commercial courts as a result of financial disputes have risen to Shs 8 trillion negatively impacting investments, according to the Justice and Constitutional Affairs Minister, Norbert Mao. In 2021, the funds locked up in unresolved disputes before Commercial Court Division …

Kampala, Uganda | THE INDEPENDENT |  Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open the second quarter of the year? The shilling opened the second quarter of the year (April 2023) trading at the …