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Tag Archives: growth

Glovo Uganda’s Ivy Maingi on growth, innovation, and impact

As Uganda’s on-demand delivery market expands with growing digital adoption, Glovo has positioned itself as a key player driving convenience, innovation, and inclusion. Since entering the Ugandan market, the tech-enabled platform has transformed how consumers access food, groceries, and essential goods—bridging local businesses with digital opportunities. At the center of …

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World Bank slashes 2025 global growth forecast

Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …

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Experts warn gov’t on unplanned loans

Kampala, Uganda | THE INDEPENDENT | Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed “ambitious”, a journey to grow the economy from the current 53 Billion …

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UEGCL reports 60% growth in net profit to Shs54bn

UEGCL’s remarkable progress in financial growth and energy generation is a testament to Uganda’s commitment to sustainable energy development, according to Minister Nankabirwa Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) has reported a 60% increase in net profit for the 2023/24 financial year to Shs54 …

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QCIL records over 500% profit growth to Shs 22bn

The company has declared an interim dividend of Shs 3.5 per share, payable on or before December 12 Kampala, Uganda | THE INDEPENDENT | Kampala-based pharmaceutical firm, Quality Chemical Industries Ltd. (QCIL), has posted an impressive Profit After Tax of Shs 22.05 billion for the half-year period ending September 30, marking …

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