Business

Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector remains stable amidst a slight reduction in the activity, according to the latest monthly survey conducted by Stanbic Bank. Stanbic Bank Uganda Purchasing Managers Index for manufacturing and services declined slightly from 54.9% in November to 54.3% in December 2017. However, the …

Kampala, Uganda | GODFREY SSALI | Two out of three Justices of the Court of Appeal have upheld the decision of the High Court in Kampala that former NSSF Managing Director David Chandi Jamwa, was properly convicted and sentenced to 12 years imprisonment for causing NSSF a financial loss of sh3billion. …

Kampala, Uganda | JULIUS BUSINGE | Xeno Technologies Uganda Limited is an indigenous investment fund management company that officially launched business on Jan.03. The company’s CEO, Aeko Ongodia spoke to The Independent’s Julius Businge about their plans.   What is your core business like?   Xeno Technologies is a newly licensed …

Geneva – The International Air Transport Association (IATA) has announced global passenger traffic results for November 2017 showing continued robust demand, including in the African region. The outlook for 2018 also looks great, according to IATA’s Director General and CEO Alexandre de Juniac. “The airline industry is in a good place entering 2018. …

Umeme commissions Ishaka substation Kampala, Uganda | THE INDEPENDENT | Uganda’s main electricity distribution company Umeme has  commissioned a newly reconstructed sub-station in Ishaka substation as a way of improving power reliability and quality of supply in the Western region. According to a statement from Umeme, the $1,470,000 Ishaka substation boosts Umeme’s …

MTN licence expires: Dirty details of Uganda telecom sector exposed Kampala, Uganda | HAGGAI MATSIKO | Uganda’s largest telecom company, MTN Uganda is caught up in a fight to secure the renewal of its licence which expires this year, The Independent can reveal. With 55 percent of telecom market share …

Kampala, Uganda | THE INDEPENDENT | Sennheiser has announced its priciest headphones yet — a pair of $3,000 (Approx. Shs11 million) glass-covered portable headphones aimed at the hardcore audiophile. The HD 820, is a pair of wired headphones that go over your ears and according to Sennheiser, serve up “astonishingly …

Kampala, Uganda | THE INDEPENDENT | Despite being a hub for technological advancement, California’s bay area is also notorious for absurd anti-science health trends such as a new and ridiculous trend – “raw water”. That’s actually unfiltered, untreated, raw spring water, which, even when from the seemingly cleanest of sources, …

Kampala, Uganda | THE INDEPENDENT | Maize flour prices in Kenya has increased by nearly third to Ksh 115 for the two kilogramme packet since the millers exhausted subsidised flour stocks. The country’s media reports indicate that the top retailers including Uchumi and Tuskys have exhausted the Ksh90 maize flour …

Kampala, Uganda | THE INDEPENDENT | Serena Hotels is set to expand into the Democratic Republic of Congo with the opening of a new property located on the shore of Lake Kivu in Goma. Reports indicate that the new property consists of 100 rooms and suits. At the same time, …