Business

Kampala, Uganda | THE INDEPENDENT |  Airtel Uganda has today handed over a cheque of shs 34.8 billion –  2% of the annual gross revenue for the year ending 2023 –  to the Uganda Communications Commission (UCC) to support the country’s communication infrastructure development. The announcement was made during a press …

Kampala, Uganda | THE INDEPENDENT | More than 35 billion shillings has been saved by the National Social Security Fund (NSSF) from the Career Expo initiative. Started in 2011, the annual NSSF Career Expo is a platform through which university students are equipped with skills and knowledge to increase their employment and …

 Kampala, Uganda | THE INDEPENDENT |  Over 44,700 young people who enrolled with NSSF as university students have saved over Shs35.5 billion over the last 10 years, Managing Director Patrick Ayota has revealed. Speaking at the launch of this year’s NSSF expo at Makerere University Business School, Ayota attributed this …

  Kampala, Uganda | THE INDEPENDENT |  Uganda Insurers Association (UIA) held a consultative stakeholder workshop on the draft guidelines on the computation of Workers’ Compensation in partnership with the Ministry of Gender, Labour & Social Development. The workshop which featured Labour Officers from the Western Region took place at …

Mbale, Uganda | THE INDEPENDENT | The Nathan Nandala Mafabi-led Bugisu Cooperative Union (BCU) has clinched another four-year term in office. The board was returned unopposed during the Union annual general meeting held Tuesday at the BCU headquarters. The other members are John Musila who was returned as Vice Chairperson (Director …

Documentary products such as guarantees, letters of credit and supply chain finance are the “core solutions that the lender expect to see continued demand for” from Chinese corporates ANALYSIS | FELIX THOMPSON | Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China …

Airtel – Kabaka Birthday Run set to take place on Sunday, 7th April 2024 Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has today called on the media to spearhead conversations in their spaces that will aid in the fight towards ending the spread of HIV/AIDs by 2030 by participating in …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on the Uganda Securities Exchange, the …

Nevertheless, the company has declared a 22.4% increase in its dividend payout, translating to Sh 78.2 per ordinary share as concession draws closer Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distribution company, Umeme, has reported a significant decrease in its net profit, plummeting from Shs 148 billion in 2022 to …

Kampala, Uganda | JULIUS BUSINGE | On March 26, a significant stride was made in the East African Crude Oil Pipeline (EACOP) project with the commissioning of a crucial coating plant located in Sojo, Nzege, in Tanzania’s Tabora Region. The ceremony was graced by Ruth Nankabirwa, Uganda’s Minister of Energy and …