The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …
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The government took over operation and maintenance of a 50MW Namanve Thermal plant last month Kampala, Uganda | ISAAC KHISA | South African electricity firm, Eskom, will cease to operate and maintain Kiira and Nalubaale Hydropower Dams in eastern city of Jinja once its concession comes to an end next …
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But the telco recorded 5.8 % growth in net income to Shs 340.4 billion Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom firm, MTN Uganda, said a one-off payment for interim operating license and contract termination of a service provider saw its full year income reduce by Shs 62.3 …
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Kampala, Uganda | Isaac Khisa | Uganda’s urban households have relied on charcoal as their source of energy for decades but there has been no deliberate efforts to facilitate sustainable production practices and technologies to conserve forests. The good news now is that the Food and Agriculture Organisation of the United …
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But the cost remains high for most households Kampala, Uganda | ISAAC KHISA | A new solar energy project is using green technology to improve lives of isolated villages living far beyond the reach of Uganda’s electricity grid. The Gomba District Farmers Association members have relied on firewood to cook and …
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Airtel Uganda increases internet bundles, leaves price uncnaged Kampala, Uganda | ISAAC KHISA | Telcom firm, Airtel Uganda has taken a price war to the door step of MTN Uganda with a massive increase in internet capacities. The telco, effective Feb.21, doubled daily internet bundles and increased the one on …
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Kingfisher project is expected to produce at least 40,000 barrels of oil per day in the initial stages Kampala, Uganda | ISAAC KHISA | A local construction firm, Excel will earn US$23.2 million in building well pads, 2.5km fence, access roads and water intake points in the Kingfisher oil development …
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Kampala, Uganda | Isaac Khisa | Ugandan government has more than doubled the health sector budget since the Financial Year 2015/16 but it still remains inadequate, according to preliminary findings in a study carried out by a civil society organisation, Uganda Debt Network. The study set to be released next month …
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Uganda scores poorly on all indicators – health, education and social protection Kampala, Uganda | ISAAC KHISA | East African countries have recorded impressive economic growth in the past two decades but there has been little progress in reducing inequality in its population. A new report by a global organisation …
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Octagon Africa, a regional financial services provider offering pension and insurance service entered Uganda’s pension market in 2013, and now holds about US$100million in assets under its management. The firm’s CEO Fred Waswa spoke to The Independent’s Isaac Khisa on a wide range of issues in the pension industry. What …
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The Independent Uganda: You get the Truth we Pay the Price