All posts tagged "business news"
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458BusinessCarrefour 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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480BusinessFULL 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...
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667BusinessUganda’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...
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808BusinessNile 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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1.8KBig StoryBank 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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732BusinessVictoria 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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854BusinessPICTORIAL: 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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1.5KBusinessConsumers’ 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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1.8KBig StoryFormer 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...
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1.2KBusinessUNBS 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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1.6KBusinessMTN, 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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1.4KBig StoryCourt 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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1.1KBreakingKenya’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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1.2KAfricaAbsa 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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595BusinessTaxpayers 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...
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1.3KBusinessTomato 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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669BusinessCement, 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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920BusinessCapital 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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1.1KBusinessHousing Finance Bank, Bulooka App Launch Digital Trading Platform
Michael Mugabi (L), the Managing Director at Housing Finance Bank and Dennis Kamurasi, the Executive Director, Bulooka (U) Ltd after unveiling the...
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822BusinessSPECIAL REPORT: Uganda lost sh164b worth of exports to Kenya due to COVID-19
SPECIAL REPORT: Uganda recorded a $45m (sh164b) decline in exports to Kenya between March and August 2020 over the COVID-19 pandemic triggered...
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1.4KBusinessPostBank unveils Board Chairman on Mukono Branch Opening
BANKING & FINANCE: PostBank Uganda Limited has opened its newest branch in Mukono District as the bank continues to expand footprint coverage...
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590BusinessURA Records over Shs 1.3 trillion Uncollected Tax Revenue
KAMPALA, UGANDA: The Bank of Uganda (BoU) has confirmed a cash crisis in government worsened by revenue shortfalls in the first half...
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1.1KBusinessRuparelia Group wins Shs38bn bid to construct UMEA Apartments and Shopping Malls
BUSINESS: VCON Construction Company Limited, a subsidiary of Ruparelia Group has been awarded a Shs38 billion contract to construct several housing projects...
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624Business“I am hearing this for the first time” Minister Kasaija dismisses plan to tax bank withdrawals
KAMPALA, UGANDA: The Minister for Finance, Planning and Economic Development, Hon. Matia Kasaija, has refuted reports of a plan by government to...