Business

Kampala, Uganda | THE INDEPENDENT | An engineering audit into the Isimba and Karuma power dam projects starts next month. The construction and completion of the 6.7 trillion shillings Isimba and Karuma hydro-power dams is expected to lower the cost of electricity in Uganda and also boost industrialization. The Assistant Auditor …

  Mombasa, Kenya | THE INDEPENDENT | Nations can only get rich if they create conditions conducive enough for the private sector to thrive, President Museveni has said. Speaking at the Kenya-Uganda Business Forum at the Sarova White Sands Hotel in Mombasa on Wednesday, President Museveni noted that for a long …

  Kampala, Uganda | THE INDEPENDENT | The Minister of Trade Amelia Kyambadde has disputed the list of Uganda-South Sudan traders scheduled for payment. Kyambadde together with Trade Ministry officials were on Tuesday appearing before Parliament’s Select Committee investigating the payment of sh 41 billion  to 10 Ugandan companies which …

What local businesses need to reap from the lucrative sector Kampala, Uganda | JULIUS BUSINGE | There is need for partnerships, connections, networking, trust, perseverance, access to credit, and promising what you can deliver. These were the messages that most speakers that took part in Stanbic Bank’s second edition of …

Nearly two years ago, the holder of Sadolin franchise in East African sold its business to a Japanese paint maker, Kansai Plascon. But for fear of losing market share, Sadolin brand owner – AkzoNobel – based in the Netherland handed over the license to the rival firm Crown Paints to …

  Kampala, Uganda | THE INDEPENDENT | Electricity consumption in Uganda increased by 9.1 per cent in 2018, according to Umeme, the country’s major power service provider. According to Umeme’s financial results for 2018 published Monday,  the electricity distributers sold 3,011 Gigawatt hours of electricity from the 2017 out-turn of …

Kampala, Uganda | THE INDEPENDENT | A section of Ugandan traders who were un paid for the supply of goods in South Sudan have demanded that their dues are settled by the Ministry of Trade, not the Ministry of Finance, where the Minister has rubbished their claims. The traders led …

⬆ Customer connections – 1.3M ⬆ Electricity Sales by 9.1% -Ugx1.6Trillion ⬆ EBITDA by 8.9% -Ugx354 billion ⬆ Net Cash Flow from Operations by 31% -Ugx395 billion ⬆ Capital Investments Ugx231 billion Kampala, Uganda | THE INDEPENDENT | Uganda’s main electricity distribution company Umeme have registered growth in several sectors in financial performance for …

MD shown exit as sales and marketing manager faces investigations over misconduct Kampala, Uganda | ISAAC KHISA | Kansai Plascon Uganda Limited has over the last couple of months hosted several senior executives from the parent company, Kansai Paint, based in Osaka, Japan. The executives’ stopover climaxed on Feb. 05 …

Masaka, Uganda | THE INDEPENDENT | Engineers have expressed fear that the section of Kampala-Masaka highway from Lwera Swamp might be scouring from underneath. This follows the appearance of a huge hole that developed into the road on Thursday evening causing concern that the entire section might collapse. The hole developed …