Limited skilled manpower, inadequate financing, extended payment cycles, and geopolitical tensions continue to impact the sector a head of oil production Kampala, Uganda | THE INDEPENDENT | Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the …
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Kampala, Uganda | THE INDEPENDENT | The Inaugural Uganda Insurers Association (UIA) Life Camp ended in Eastern Uganda after a week of activities where insurance companies exhibited different Life Insurance products. The camp took place at the UCU Mbale Grounds starting July 24th -28th. The week-long event saw 9 Life Insurance …
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Kampala, Uganda | THE INDEPENDENT | At least 10 percent of registered companies in Uganda have been struck off the national register for violating operational requirements. The Uganda Registration Services Bureau, URSB, says the 875 companies had not submitted their annual performance returns for the last five years as per the law, …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has warned of strong penalties in new regulatory measures, against telecommunications and financial service companies that violate competition and pricing rules. In the draft Fair Competition law, the industry regulator says unfair competition practices are stifling the growth of the digital …
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Kampala, Uganda | THE INDEPENDENT | The Inspector General of Police Martins Okoth Ochola has halted the operating licenses for thirty-nine Private Security Companies (PSO) for failure to fulfil the necessary conditions for license renewal last year (2022) as per Regulation 14(d) of the Police (Control of Private Security Organisations) Regulations …
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Banking entities posted impressive growth in profit after tax during the year owing to the opening up of the economy and the subsequent growth in the private sector credit Kampala, Uganda | ISAAC KHISA | More than half of companies listed on the Uganda Securities Exchange recorded growth in profits in …
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Kampala, Uganda | THE INDEPENDENT | The oil and gas companies snubbed Uganda’s insurance industry when importing drilling equipment, which would have raised premiums worth more than one trillion shillings, according to a claim. Specifically, they point at the four drilling rigs that have so far been shipped into the country, …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has given companies more time to file their tax returns as businesses battle the impact of coronavirus that has seen several shut doors and send staff home. Companies, whose accounting year ends in September, and are unable to file corporation tax returns …
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Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) has approved US$483 million, equivalent to 1.7 trillion Shillings as recoverable costs by five oil companies. The companies are Tullow, Total, China National Offshore Oil Company (CNOOC), Armour Energy and Oranto. According to Ernest Rubondo, the Chief Executive of …
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Kampala, Uganda | RONALD MUSOKE | Stephanie Rivoal, the French Ambassador to Uganda spoke to The Independent’s Ronald Musoke on the relevance of this year’s Bastille Day theme and the current Uganda-France relations This year marks the 229th anniversary of Bastille Day and you are celebrating it under the theme: “1968: …
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