✳ Loans and advances grew by 27% from Sh2.8 trillion (2019) to Sh3.6 trillion (2020) ✳ Customer deposits increased by 16% from Sh4.7 trillion (2019) to Sh5.4 trillion (2020) ✳ Profit After Tax was Sh242 Billion (2020) down from Sh259 Billion (2019) largely due to the impact of Covid-19 Pandemic on client …
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This comes at a time the property market is slowly recovering from coronavirus pandemic hit Kampala, Uganda | JULIUS BUSINGE | Kampala has an additional condominium property that is open for those searching for high end homes with services that meet their living expectations – Bukoto Living Condo Project. …
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CSOs call for ‘special drawing rights’ to deal with COVID-19 crises Kampala, Uganda | JULIUS BUSINGE | Economic experts are calling for the implementation of all kinds of measures geared towards bringing back to life the world economy that has been severely hit by COVID-19 pandemic since last year when …
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Kampala, Uganda | THE INDEPENDENT | Two enforcement officers from Uganda Revenue Authority –URA attached to Arua Customs were airlifted to Kampala on Monday evening after being beaten into coma by suspected residents of Yobuyia cell in Ayivu East Constituency Arua City. Residents ganged up against the duo on Sunday …
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Kampala, Uganda | THE INDEPENDENT | Hajji Musa Katongole, the former chairman of the now defunct Uganda Taxi Owners and Driver’s Association (UTODA) is dead. Katongole who has been sick and admitted at TMR Hospital in Naalya, a Kampala suburb for several days was pronounced dead this morning. It is …
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The electricity distribution company sees brighter days ahead owed to ongoing COVID-19 vaccination and the anticipated improvement in the economy Kampala, Uganda | ISAAC KHISA | Shareholders of electricity distributor, Umeme, face a 70 % drop in dividends to Shs19bn for 2020 owed to a sharp drop in net profit …
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Cairo, Egypt | XINHUA | The massive container ship Ever Given has been successfully refloated after being stranded in the Suez Canal for almost a week, Egypt’s Suez Canal Authority (SCA) said on Monday. “The vessel is en route to the port of Rotterdam,” and expected to arrive there on March …
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MultiChoice Uganda to offer training, cash and other prizes for 2021 film festival participants Kampala, Uganda | THE INDEPENDENT | The Uganda Communications Commission (UCC) has together with MultiChoice Uganda and other partners launched the 8th edition of its five-day film festival with a cinema opening event at Acacia Mall …
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Kampala, Uganda | THE INDEPENDENT | Simi Technologies, the manufacturer of Uganda’s first mobile phones says it has recorded high sales during the first year of its operations compared to their project. Simi technologies has been in business for 13 months following its launch in late 2019. David Beecham Okwere, the …
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Under the PVoC policy, all goods are supposed to be tested for standards like roadworthiness for vehicles Mombasa, Kenya | THE INDEPENDENT | Uganda National Bureau of Standards (UNBS) has given importers a one-month waiver of the surcharge on goods that are subject to the Pre-Export Verification of Conformity (PVoC) but …
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The Independent Uganda: You get the Truth we Pay the Price
