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Katonga river floods: Public transporters count losses

Kampala, Uganda | THE INDEPENDENT | Public transport operators plying the Masaka-Kampala highway are counting losses due to a reduction in the number of passengers. This follows the flooding of River Katonga in Mpigi district which cut off the highway. Travelers from Kampala were advised to use the Mpigi-Butambala-Ssembabule road as …

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Adidas warns of losses

Kampala, Uganda | THE INDEPENDENT | On Feb.10, Adidas warned over the potential major impact on its profits of ending its partnership with rapper and fashion designer Kanye West last November. The firm’s new boss said it could lose hundreds of millions of dollars this year if it decides not to …

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Cipla quality chemicals announces Ugx 14.5 billion loss

Kampala, Uganda | THE INDEPENDENT  |  Drug manufacturer Cipla Quality Chemicals has announced a loss of 14.5 billion Shillings for the period from April to September 2019, underscoring the struggles the drugmaker is going through. This is a significant drop from the 3.3 billion Shillings profit announced for the period between …

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Uchumi Supermarkets’ losses increases

Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …

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