Profitability included Shs71bn from foreign exchange gains on Isimba loans Kampala, Uganda | THE INDEPENDENT | “We yet congratulate ourselves upon the completion of another financial year in which despite the continued Covid-19 disruptions, we were able to make headway as a company,” Eng. Harrison Mutikanga said in his statement …
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Uganda Electricity Generation Company Limited has secured Shs2.7bn grant from Sweden’s Swedfund to conduct feasibility studies for floating solar development in the country. | THE INDEPENDENT | UEGCL Chief Executive Officer, Harrison Mutikanga and the Sweden Ambassador to Uganda Maria Hakanson signed memorandum of understanding in Kampala on Oct.12. “The …
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Ugandan government has in the past years faced harsh criticism over regular borrowings from China Import Export Bank to facilitate development of infrastructure projects including hydropower dams, roads and possibly soon the planned Standard Gauge Railway. But the Chinese loans have also had a fair share of positive aspects to …
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Gulu, Uganda | THE INDEPENDENT | Three people have died after they buried alive at a quarry in Kiryandongo District. The incident occurred on Saturday evening at about 5:00 pm at the hydropower station in Karuma Town Council from Kiryandongo District. The deceased has been identified as David Otingcwinywa aged …
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To borrow or not to borrow for infrastructure? Kampala, Uganda | IAN KATUSIIME | Julius Kapwepwe, the director of programmes at Uganda Debt Network, a debt monitoring NGO, Uganda’s national says, to control the country’s spiraling debt, the Ministry of Finance officials must ask themselves some questions every time they …
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Local leadership share impact as they push for more support Kampala, Uganda | JULIUS BUSINGE | It is 02:00pm on Thursday April 08, 2021, a pupil at the government aided, Amaji Primary School, Oyamu district is resting on the floor where her bed is laid. The dormitory is congested, poorly …
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Kiryandongo, Uganda | THE INDEPENDENT | Victims of a tribal clash in Okwece cell in Karuma town council, Kiryandongo district are demanding for the establishment of an army detach in the disputed area. The area is located North West of Karuma town council where the nearest security installments are an army …
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Management is now focusing on ensuring sustainability across its value chain of power generation Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited has reported a sharp drop in profit after tax from Shs25bn in FY2018/2019 to Shs2.8bn in FY2019/2020. The company executives attributes the drop in profits …
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Kampala, Uganda | XINHUA | Chinese and Ugandan engineers are putting the final touches on the Karuma Hydropower Plant, Uganda’s flagship project that promotes clean energy and limits its carbon footprint on the Nile River. Kenneth Kiyingi, a civil engineer at the 600MW power plant in the northern part …
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Museveni accused of switching sides Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest power project, the 600MW Karuma Hydropower Dam on River Nile, appears to be in trouble amidst allegations of shoddy works, breached contracts, verbal fights, and even accusations of sabotage. In the fight, the Chinese contractors, Sinohydro Corporation …
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