Tag Archives: growth

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 …

East Africa is set to lead regional performance, expanding at an average of 5.9 per cent in 2025–26, underpinned by continued momentum in Ethiopia, Rwanda, and Tanzania Abidjan, Côte d’Ivoire | THE INDEPENDENT | Africa’s economy is forecast to grow from 3.3 per cent in 2024 to 3.9 per cent in 2025, …

The lender has proposed a total dividend payout of Shs 300 billion to its shareholders reflecting a 7.1% annual increase compared to the previous year Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and its subsidiaries, has posted a 16.2% growth …

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 …

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 …

The country’s coffee export revenue has seen substantial growth, jumping from US$700 million in 2018 to US$1.4 billion in 2023 ANALYSIS | AGENCIES | Ethiopian Prime Minister, Abiy Ahmed has announced an impressive achievement of doubling Ethiopia’s annual coffee production from 500,000 tons to over 1 million tons within the last …

Non-life insurance continues to dominate the market, holding 58% of the aggregate industry written premiums Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda reported gross written premiums of Shs 933.8 billion (approximately US$249 million) in the first half of 2024, according to a sector performance report released by the …

Uganda’s latest census figures show a burgeoning young population in the East African country, which experts say is poised to drive economic growth and transformation. KAMPALA, Uganda | Xinhua | As the world commemorates World Population Day on Thursday, Uganda’s latest census figures show a burgeoning young population in the …

  COMMENT | GEORGE ORODI | As a young graduate, when I was being introduced into the circles of trade and tax, my CEO then, Kaushik Shah made me attend some of the key meetings at the Kenya Association of Manufacturers and I would later grow to chair a sub-committee on regional trading bloc configuration and a member of …

Following the confirmation of commercial oil and gas production in 2006, the government has enacted and updated various laws and policies to facilitate sustainable development Kampala, Uganda | THE INDEPENDENT | Uganda’s ninth Oil and Gas Convention, which concluded on April.18 in Kampala, highlighted a promising future for the country’s energy …