All posts tagged "business news"

What MTN’s mobile money separation means for customers, fintech world

Kampala, Uganda: In a landmark decision with far-reaching implications for Uganda’s digital economy and Africa’s fintech landscape, shareholders of MTN Group this...

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Tycoon Sudhir Ruparelia to lead Ugandan Officials at 2025 UK-Africa Business Summit

London, UK: Ugandan business magnate, Dr. Sudhir Ruparelia, has been confirmed as the headline speaker at the forthcoming UK-Africa Business Summit scheduled...

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Featured

Sudhir Ruparelia to deliver keynote speech at UK-Africa Business Forum in London

Kampala, Uganda: Uganda’s wealthiest businessman and chairman of the Ruparelia Group, Dr. Sudhir Ruparelia, is set to deliver a keynote address at...

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Uganda’s top insurer, Goldstar Insurance, secures AA rating in latest GCR scorecard

Kampala, Uganda: Uganda’s top and most reliable insurance firm, Goldstar Insurance Company Limited, has reaffirmed its national financial strength rating of AA(UG)...

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Carrefour customers to win millions as it celebrates fourth anniversary in Uganda

IN SUMMARY: Kampala, (UG)–: Carrefour, owned and operated by Majid Al Futtaim in Uganda is set to reward its loyal customers with...

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FULL STATEMENT: ICEA LION speaks out on Kyamagero’s rants on X, reaffirms transparency in handling clients’ claims

Kampala, (UG): Leading insurance company ICEA LION have reassured clients that their policies are consistent, and they are dedicated to ensuring a...

Uganda’s Lato Milk processor set to acquire Kenyan counterpart

Nairobi, (UG): Pearl Dairy Farms Limited, a Ugandan milk processing firm behind the Lato brand, is set to acquire a Kenyan milk company...

Nile Breweries opens shs4b barley drying and cleaning plant in Kween

Kween, (UG): Nile Breweries has launched a Shs4bn state-of-the-art barley cleaning and drying plant in Cheminy, Kween District, it said in a...

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Bank of Uganda spent sh199bn on printing new currencies in 2022

Kampala, (UG): The 2022/2023 annual report by the Bank of Uganda has revealed that the Central Bank spent Shs199bn to print and...

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Victoria Mall: Inside Tycoon Meghani’s plan to develop Entebbe City

Entebbe, (UG): Like Ronald Reagan called America “a shining city on a hill”, Entebbe Peninsula is a serene city on the World’s...

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PICTORIAL: UAP Old Mutual celebrates former Board Chair Wavamunno

Kampala, (UG): UAP Old Mutual has celebrated the legacy of retiring Shareholder and Board Chairman, Sir Gordon Wavamunno during a dinner hosted...

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Consumers’ Choice Awards 5th edition launched

The Awards recognizes business excellence through an independent market survey to determine brand reputation, customer satisfaction, and business excellence to determine for...

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Former MP Mbabaali Cries Out as DTB Targets His Property over Shs7bn debt

City businessman and Former Bukoto South Member of Parliament, Hajj Muyanja Mbabaali has kicked off a fresh battle with Diamond Trust Bank...

UNBS lowers cost product certification to support BUBU

The Uganda National Bureau of Standards (UNBS) has lowered the charges which were previously being levied on enterprises seeking certification of their...

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MTN, Airtel scrap OTT tax payments as new tax on data takes effect

Telecommunication giants MTN Uganda and Airtel Uganda have announced that the unpopular over-the-top tax (OTT) has been scrapped following a new 12%...

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Court to deliver final ruling on HAM vs DTB Case tomorrow

The Court of Appeal will tomorrow May 5, 2021, deliver its final ruling in the HAM – DTB case involving city tycoon...

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Breaking

Kenya’s I&M Holdings completes acquisition of Uganda’s Orient Bank Ltd

Uganda’s Orient Bank Ltd, one of the leading commercial banks in the country has officially been sold to Kenyan conglomerate I&M Holdings...

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Africa

Absa CEO asked to step down after dispute with board of director

Absa Group Chief Executive Officer Daniel Mminele will step down effective April 30 from his position after a dispute over strategy with...

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Taxpayers body rejects new taxes, plans demo

Taxpayers under an umbrella body, National Taxpayers Protection Organisation, have planned a demonstration to express their dissatisfaction with proposed taxes. The body wants...

Tomato prices soar up in Uganda as demand in Kenya rises

EAST AFRICA | BUSINESS – Kenya’s decision to re-open its market for Uganda’s produce mainly grain, has increased demand for other produce...

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Cement, Sugar Companies have until end of May to get Digital stamps

Manufacturers, importers and distributors of sugar and cement have up to May 31, 2021, to clear stocks of the products that have...

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Capital Markets Authority seeks parliament intervention over five companies

Capital Markets Authority has sought the intervention of the finance committee of parliament to compel five major companies to list their shares...

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