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REPORT: Poor people being discriminated in PDM

Kampala, Uganda | THE INDEPENDENT | A recent report has highlighted the discriminatory implementation of the government’s Parish Development Model (PDM) project, which aims to eradicate poverty. The report reveals that the poorest individuals are being left behind in accessing the benefits of the initiative. The PDM was launched by …

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Private sector reports better business

Kampala, Uganda | THE INDEPENDENT |A new study of the private sector operations in Uganda shows an increase in the rate of job creation across sectors in Uganda. The study done over the month of April on corporate companies found that staffing levels rose in response to greater new orders, …

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Apple reports second quarter results

San Francisco, USA | Xinhua | Apple on Thursday announced financial results for its fiscal 2023 second quarter ending April 1, with a quarterly revenue of 94.84 billion U.S. dollars, down 3 percent year over year. The company posted its quarterly earnings per diluted share of 1.52 dollars, unchanged year over …

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Attacks on media freedom increase – report

Kampala, Uganda | THE INDEPENDENT | The rule of law is a precious resource that protects free expression, press freedom, and the rights of journalists around the world. But that law is increasingly being abused to curtail media freedom and silence critical voices according to a new study by the Thomson …

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2023 Africa Wealth Report

It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …

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Kampala real estate sector blues

New report indicates 4% surge in demand for office space Kampala, Uganda | THE INDEPENDENT | The latest real estate market report for the second half of 2022, published by Stanbic Properties Limited, a subsidiary of Stanbic Uganda Holdings Limited shows mixed activity performance in different spaces attributed to different factors. …

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Innovation, prompt claims payouts boost Insurance growth

Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance Industry reports that in 2022 the various companies collected a total of 1.44 trillion Shillings in gross underwritten premiums, compared to 1.13 trillion Shillings recorded in 2021. This, according to the industry is due mainly to increasing awareness by the public of the …

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