Uganda’s electricity distribution firm, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during the pre-COVID period. Umeme recorded a 9% growth…
Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments.…
The European Union has provided 8 million euros (31.8 billion shillings) towards efforts aimed at eliminating injustices related to the land tenure systems in the country. The grant to be administered by the World Bank aims at strengthening land tenure…
On March 30, Stanbic Bank donated Shs 70 Million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge and volunteerism, in their various professional backgrounds. “We live in…
A former Facebook employee in Kenya who was reportedly fired after questioning working conditions has threatened to sue the parent company Meta for wrongful termination of his contract. Daniel Motaung, a former content moderator for the social media platform, claims…
The former Chief Executive Officer of Uganda National Airlines Company Limited (UNACL), Cornwell Muleya has written to the airline Chairman Board of Directors and Permanent Secretary Ministry of Works threatening to sue them over what he calls unlawful suspension and…
The Uganda Electricity Transmission Company Ltd (UETCL) chairman Board of Directors, Mr Peter Ucanda, has resigned from his job citing what he called negative media reports that have soiled his hard-earned reputation and that of the company. In a March…
Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for KSh1.2 billion (UShs37.5bn), inflating the buyout price nearly ten times. Catalyst says the alleged deception has cost it nearly…
NWSC is seeking an additional Euro 45 million to complete the establishment of water distribution lines connecting to the water reservoirs of the Katosi water project. The government constructed the Katosi water project in Mukono district worth Euro 81.9 million…
The Institute of Certified Public Accountants of Uganda (ICPAU) has published the list of licensed accounting firms and practising accountants as at 15 March 2022. There are 415 practising accountants and 260 accounting firms licensed to offer accounting services in…
Cipla Quality Chemicals Limited (CiplaQCIL) has joined other stakeholders in drug manufacturing, storage, regulation and sales to participate in the East Africa Phartech Pharmaceutical and Healthcare Exhibition. Speaking on the sidelines of the launch of Uganda’s premier international exhibition, which…
Kyambogo University has partnered with China National Offshore Oil Corporation (CNOOC) for collaboration in the areas of internship, employment of graduates, Joint research, and technology transfer, among others. Prof. Eli Katunguka – Rwakishaya, the Vice Chancellor appreciated the opportunity since…
MTN Group has announced a new COO for its Nigerian subsidiary as part of changes in its subsidiaries to support execution of Ambition 2025 strategy According to a statement released by MTN Group, the telecommunications company announced senior leadership appointments…
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 20.8 billion above its weekly target of UGX 50 billion. Speaking to media at a press briefing held today at Workers House, the…
One of the biggest recent surprises in the African logistics sector over the past few months has been Bolloré’s decision to pull out of the industry. The French conglomerate has been a major player over many decades, with operations ranging…