Kampala, Uganda | URN | Civil society organizations have raised concerns that Uganda is deriving limited benefits from its booming gold exports, despite the mineral overtaking coffee as the country’s leading export earner. Magara Siragi Luyima, the Energy and Extractive Industries Coordinator at Oxfam, said gold exports reached approximately USD …
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Investors are set to receive a higher payout after the board recommended a final dividend of Shs6.4 per share Kampala, Uganda | THE INDEPENDENT | Quality Chemical Industries Limited (QCIL), the country’s largest pharmaceutical manufacturer, reported a 39% jump in annual profit after tax, helped by stronger sales, …
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For decades, governments treated the online gambling industry like that one eccentric uncle who is kept in the corner, largely ignored, and sometimes whispered about with suspicion and disdain. Betting back in 2018 involved wading through the swamp of scam casinos and weak jurisdictions. Now, everything has changed. From the …
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Inside the 2026/27 revenue push, public pushback, and the battle over fairness NEWS ANALYSIS | RONALD MUSOKE | On April 2, Henry Musasizi, the Minister of State for Finance (General Duties), presented a raft of tax proposals to Parliament to finance a proposed Shs 84 trillion budget for the 2026/27 financial …
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Kabale, Uganda | URN | The Uganda Police Force has started an initiative to support wives of police officers with a poultry project as a way of boosting household incomes and promoting self-reliance. The Assistant Inspector General of Police and Chief Political Commissar, Ubaldo Bamunoba, on Thursday held a closed-door …
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For investors and analysts, the latest results underline a shifting competitive dynamic NEWS ANALYSIS | THE INDEPENDENT | Equity Group Holdings Plc has extended its lead over rival KCB Group Plc after reporting a sharp rise in annual profits, underscoring how regional diversification and digital banking are redrawing the …
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Kampala, Uganda | THE INDEPENDENT | Local Governments have blamed taxpayers’ resistance and persistent system failures for undermining revenue collection, following the Auditor General’s revelation of a Shillings 52 billion shortfall. District leaders say delays in fixing weaknesses in the Integrated Revenue Administration System (IRAS) have created loopholes that some …
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The Fund’s Assets Under Management grew by 17.5% to Shs 26 trillion by the close of the Financial Year 2024/25 Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has reported a remarkable performance for the financial year 2024/25, marking the close of its 10-year strategic plan, …
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Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has posted a 28.7% jump in after-tax profit for the first half of 2025, buoyed by strong growth in data services, which offset a fall in voice revenues. The telecom firm reported a profit after tax of Ushs 197.2 billion, up from …
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Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has posted robust financial results for the first half of 2025, buoyed by surging demand for data and financial technology services as more Ugandans tap into the digital economy for communication, business, and daily transactions. For the six months ending June 30, 2025, …
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The Independent Uganda: You get the Truth we Pay the Price
