Business

Pharmaceutical firm hopes to recover in second half of the year Kampala, Uganda | ISAAC KHISA | Cipla Quality Chemicals Industries Ltd has recorded a decline in profit since it was listed on the Uganda Securities Exchange a year ago but its managers are now pinning its growth prospects on …

Kampala, Uganda | THE INDEPENDENT | The Acting Executive Director of Kampala Capital City Authority Engineer Andrew Kitaka has said plans are underway to fully rehabilitate more than 65km of the city’s roads because it’s no longer economical to maintain them under their age. Eng. Kitaka on Wednesday toured a couple of …

Kampala, Uganda | THE INDEPENDENT  |  Samuel Omoit, 28, is a pioneer beneficiary of the skills development program under Support to Skilling Uganda (SSU) in Karamoja. He received vocational skills at Nakapiripirit Technical Institute in 2016 under Support to Skilling Uganda, which is jointly implemented by government and Enabel, a development …

Kampala, Uganda | JULIUS BUSINGE | In the past few days social media has been awash with pictures of currency notes with political messages written on by suspected supporters of President Yoweri Museveni and Kyadondo East Member of Parliament, Robert Kyagulanyi (Bobi Wine). The notes in question are of Uganda …

Kampala, Uganda | THE INDEPENDENT  |  Uganda must now reserve money to pay for generated but unconsumed power for the next five years, The Secretary to the Treasury Keith Muhakanizi has said. Muhakanizi told diplomats and economists at an IMF organised meeting at Sheraton Kampala on Monday evening that Uganda – …

Kampala, Uganda | THE INDEPENDENT  |  Tourism earnings are estimated to have grown slower in the first ten months of 2019, according to to the Central Bank. The government planned to attract more one million tourists this year on top of the 1.8million people received in 2018.  But the Central Bank …

Kampala, Uganda | THE INDEPENDENT | Tourism earnings are estimated to have grown slower in the first ten months of 2019, according to to the Central Bank. The government had planned to attract more than one million tourists this year on top of the 1.8 million people received in 2018, …

  MUHAKANIZI: Unconsumed electricity will hit Uganda’s budget hard; capacity to rise to 1200MW, yet Ugandans can only consume 600MW Kampala, Uganda | THE INDEPENDENT | Uganda must now reserve money to pay for generated but unconsumed power for the next five years, Secretary to the Treasury Keith Muhakanizi has said. …

Johannesburg, South Africa | AFP |  South Africa’s debt-laden state power company Eskom on Monday announced it was implementing a more intense electricity rationing schedule, five days after continued rolling power cuts have plunged businesses, schools and homes into darkness. The power cuts, known as “load shedding” are implemented to …

Ottawa, Canada | AFP |  Canada will impose a levy on internet giants such as Amazon, Google and Facebook similar to France’s digital services tax that created tensions with Washington, two ministers said Monday. “We’ve been very clear that we want to make sure that digital companies pay their fair …