The company’s financial performance for the fiscal year 2022/2023 demonstrated robust growth, with a remarkable 63% increase in revenue, reaching Shs343.7 billion Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) is poised for transformative growth and sustainability as it implements its strategic plan for the period …
Read More »Insurers need to embrace sustainability initiatives – IRA
Embrace sustainable practices not just for today’s bottom line, but as a strategic investment Kampala, Uganda | JULIUS BUSINGE | Insurance players have been urged to embrace the aspect of sustainability in their operations to positively impact communities, the environment, and related fields in their business. “In the realm of insurance, …
Read More »Experts discuss opportunities in line with the UN Convention on International Tax system
Kampala, Uganda | JULIUS BUSINGE | Tax experts are calling on countries to cooperate at the international level to be able to raise taxes and meet the growing expenditure needs. Dr. Farzana Sharmin from the United Nations Economic Commission for Africa has emphasized the need to push for inclusivity …
Read More »Nexus Green investing US$7m in a solar products plant in Matugga
Kampala, Uganda | JULIUS BUSINGE | Over the years, Nexus Green has cemented its operations in the solar system business in Uganda and plans to unveil a big project in the coming few months. Julius Businge spoke to CEO Rikki Verma about the company’s milestones. Tell us about Nexus Green? At …
Read More »Sarah Ntiro pens her amazing story in her ‘Emboldened’ book
BOOK REVIEW | JULIUS BUSINGE | “My life is one of tradition and transition; My traditions were ordained by my lineage and birthplace, in the beautiful fertile lands of Hoima in the Kingdom of Bunyoro,” writes Dr. Sarah Nyendwoha Ntiro in the introduction of her book titled ‘Emboldened’, unveiled on …
Read More »IRA unveils 2023 insurance innovation awards
Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority of Uganda has unveiled the 2023 insurance innovation awards for all players licensed by the Authority, including insurers, Health Membership Organisations, Brokers, Bancassurance Agents, Individual Agents and loss assessors. The Uganda Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega said on Nov.23 …
Read More »NGOs, government engage in constructive dialogue over oil sector
Latest data from the Petroleum Authority of Uganda shows that the country has a minimal emission rate of greenhouse gases, accounting for only 0.02% of global greenhouse gas emissions Kampala, Uganda | JULIUS BUSINGE | Uganda’s non-governmental organizations (NGOs) are advocating for sustainable oil and gas development to safeguard the environment, …
Read More »Museveni defends Uganda’s oil project ahead of COP 28 in Dubai
President said Africa should go to this high-level meeting with a common message on developing the continent’s energy needs Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni has advocated for a collective African voice at the upcoming climate change meeting in the United Arab Emirates, emphasizing the importance of articulating …
Read More »NSSF upgrades whistleblower portal to protect employees
This move is expected to increase compliance by 3% in the next few months as executives race to grow assets by Shs2tn towards 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has upgraded its web-based whistleblower portal to enable members to report defaulting employers in a seamless …
Read More »Stanbic PMI: Companies report higher output due to rising customer demand
Kampala, Uganda | JULIUS BUSINGE | During October, Uganda’s private sector reported that improving customer demand fed through to increases in output and new orders, with employment and purchasing activity raised accordingly. However, higher building material and fuel costs added to inflationary pressures, in turn feeding through to an increase in …
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