A look at MTN, Airtel, Africell ahead of August SIM registration deadline Kampala, Uganda |ISAAC KHISA and JULIUS BUSINGE| MTN Uganda has recorded a surge in revenues for the six months ending June 30, signaling a possible rebound in the country’s telecom industry. According to the latest half year performance …
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The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …
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Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …
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Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority (URA) on August 17 displayed 65 kilograms of ivory they say they impounded from a one, Hussein Elhusseiny, an Egyptian national. Vincent Seruma, the assistant commissioner for corporate and public affairs, told reporters at the URA headquarters on Thursday that Elhusseiny, …
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Kampala, Uganda | JULIUS BUSINGE | The Uganda Communications Commission (UCC) has released nominees for the fifth edition of Uganda Film Festival (UFF2017) indicating an increase in number of participants from 118 in 2016 to 145 this year. This development comes as industry players prepare to celebrate Film Festival Week scheduled …
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Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has posted Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017. According to a notice issued on Tuesday, top management attributed …
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The company plans to introduce new products in the region Kampala, Uganda |JULIUS BUSINGE| Japan’s paint manufacturer, Kansai Plascon, has entered into the East African market through the acquisition of Sadolin Paints. Wim Bramer, the managing director of Kansai Plascon East Africa told The Independent in an interview that the …
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Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …
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Tax experts say government needs to refocus its priorities Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has good and bad news these days. The tax body is collecting more and more money but, at the same time, is failing to meet ever rising annual targets. The pattern of missed …
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LAND PROBE: How govt land is stolen | After a technical break, the seven-member Land Inquiry 2017 Commission headed by Lady Justice Catherine Bamugemereire handled two big cases from July 24 –28. Kampala, Uganda | JULIUS BUSINGE | In the two cases, one main issue emerged: forceful evictions of the …
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The Independent Uganda: You get the Truth we Pay the Price