Business

Company executives are optimistic the remaining half will see a surge in power sales, profitability as government relaxes COVID-19 lockdown Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distributor, Umeme, is now pinning its profit growth on the remaining six months of the reporting year following government’s move to ease …

Kampala, Uganda | THE INDEPENDENT | Drugs maker Cipla Quality Chemicals Limited (CiplaQCi) has announced that it has paid 4.7 billion Shillings to acquire what they described as the Human Care Business assets of Quality Chemicals Limited. According to Nevin Bradford, the executive director of Cipla Quality Chemicals Limited, the …

Kampala, Uganda | THE INDEPENDENT | At least 21 staff at the Ministry of Finance and six from Uganda National Roads Authority (UNRA) have tested positive for the Coronavirus (COVID-19) as the cases grow among different private and public agencies. Finance staff under-went mandatory COVID-19 test on August 19. Test results, …

Mbarara, Uganda | THE INDEPENDENT | Gunfire rocked Mbarara City on Sunday afternoon as employees of Barya Stint Hardware rose up in protest against the attachment of Barya Building along Akiiki Nyabongo Road by Orient bank. Led by the sons of Apollo Muhumuza Barya, the Proprietor Barya Building, the employees …

Kampala, Uganda | THE INDEPENDENT |  Uganda Tourism Board (UTB) and Uganda Communications Commission (UCC) have signed a Memorandum of Understanding to jointly promote “Destination Uganda” as a premier film and tourist destination. The MoU enjoins the two parties to collaborate and jointly market Destination Uganda, and to improve Uganda’s brand …

Kampala, Uganda | THE INDEPENDENT |  Minister of Foreign Affairs Sam Kutesa has hailed Germany for the support extended to Uganda in the water, energy and governance sectors. Kutesa made the remarks Friday after he received copies of credentials of the Ambassador designate of the Federal Republic of Germany to …

  Kigali, Rwanda | XINHUA |  Rwanda’s investment authority said Friday that it expects to raise more awareness of Rwandan coffee among Chinese consumers as coffee export to China is on the rise. The rise is being achieved through online sales with popular celebrities as livestreaming hosts on Chinese social …

Kampala, Uganda | THE INDEPENDENT | Saving with a smaller bank earns you a better return than you would get with glamorous bigger banks, analysis of the latest Bank of Uganda data compilation shows. The data which shows what the banks pay you and charge you shows that commercial banks outside …

Gulu, Uganda |  THE INDEPENDENT  Mixed reactions have emerged in Acholi over the proposed agro-industrial identity of the newly elevated Gulu City. Founded in 1912, Gulu attained city status on July 1, this year, alongside Arua, Mbale, Jinja, Masaka, Mbarara and Fort Portal. The former Municipalities of Lira, Hoima and Soroti …

  Kampala, Uganda | THE INDEPENDENT |  Up to 90% of  Kampala’s record 175 COVID-19 cases have  reported using public transport and the taxi park. The other key of source of infection, according to a statement from Kampala Capital City Authority, are offices, workshops and arcades, due to noncompliance to …