Stock market records slow activity
By Our Reporter The securities exchange market this week registered less activity as turnover reduced to Ushs 4.01 billion from Ushs 8.97 billion previously. Utility company Umeme took up 78.14% of the...
View ArticleMicrosoft, FAWEU in drive to involve young women in technology
By Silvia Nyambura Technology Company Microsoft in partnership with Pan African Non-Governmental Organization (NGO) Forum for African Women Educationalists Uganda (FAWEU) held their first ever...
View ArticleTotal Startupper challenge awards 3
By Our Reporter Total Uganda has awarded Ushs 130 million to the top three winners of the Startupper of the Year by Total challenge, as seed capital to kick-start and fund their business ideas. The...
View ArticleCBR drops by 1%
By Our Reporter Bank of Uganda (BOU) has today reduced the Central Bank Rate (CBR) by 1 percentage points to 16% from the previous 17% recorded in the last 6 months. This according to the Bank’s...
View ArticleCashless economies redefining financial inclusion in Africa
By Alix Murphy Last week the World Bank quietly released an important report on financial inclusion. It sets out clear guidelines from one of the world’s most influential organizations about how to get...
View ArticleUAP Insurance Uganda appoints Acting Managing Director
By Our Reporter UAP Insurance has named Francis Kajura the acting Managing Director following the departure of the former Managing Director Zipporah Mungai who has left the company to pursue other...
View ArticleNorway-based Power company to invest in transformative Bujagali Hydropower...
By Our Reporter SN Power, the state-owned Norwegian hydropower company and SG Bujagali Holdings (SGBH), a Mauritian company indirectly owned by investment funds managed by affiliates of Blackstone,...
View ArticleMotorcare appoints Ugandan woman as Managing Director
By Silvia Nyambura Ugandan born chartered accountant, Florence Makada has been appointed as the first woman Managing Director (MD) of Motorcare Nissan Uganda. She takes over from Crispine Ndala who...
View ArticleEU to hold first Business Expo and Food Festival in May
By Silvia Nyambura The European Business Forum will host its first Annual Business Expo and Food Festival in Uganda next month. The event dubbed ‘3 days in Europe’ will run from Friday 6th May to...
View ArticleHuawei sends 10 Ugandan ICT talents to China
By Our Reporter President Yoweri Museveni has flagged off 10 Ugandan ICT talents to take part in the Huawei Seeds for the Future training program. This training program is set to run from the 16th to...
View ArticleGoldstar Insurance donates wheel chairs to Katalemwa Cheshire Children’s Home
By Our Reporter Goldstar Insurance has donated an assortment of wheelchairs to Katalemwa Cheshire Children’s Home. The Home specializes in comprehensive rehabilitation for children with disabilities...
View ArticleNTV donates waiting shed to Uganda Cancer Institute in memory of Rosemary...
By Our Reporter NTV Uganda today handed over a waiting shed to the Uganda Cancer Institute (UCI) at Mulago National Referral Hospital in memory of Rosemary Nankabirwa, a former news anchor at NTV. She...
View ArticleStock Market closes week with 33.4% drop in turnover
By Our Reporter The Stock Market activity slowed this week with 10.96 million shares changing hands to generate a turnover of Ushs 5.25 billion compared to last week where 19.77 million shares were...
View ArticleNC Bank posts 61% growth in profits in 2015
By Silvia Nyambura NC Bank Uganda has announced a 61% rise in profit after tax for the year ended December 31st, 2015 to cross Ushs 1 billion up from Ushs 670 million in the previous year. The Bank’s...
View ArticleURA awards Huawei Uganda Authorized Economic Operator status
By Silvia Nyambura Huawei Uganda has today been awarded for its customs compliance practices with an Authorized Economic Operator (AEO) Certificate by Uganda Revenue Authority (URA). This status is to...
View ArticleStanbic Bank Uganda records 12% rise in profits in 2015
By Silvia Nyambura Stanbic Bank has posted a 12% growth in profits to record Ushs 150.8 billion for the year ending December 2015. The bank also recorded Ushs 532.5 billion in revenues with overall...
View ArticleLiving Goods wins Ushs 4.2 billion Award for Social Entrepreneurship
By Our Reporter Living Goods, a social enterprise founded in Uganda focused on improving health and incomes of the poor, has won the 2016 Skoll Award for Social Entrepreneurship. The organization...
View ArticleURA records 17.6% revenue growth despite shortfall
By Silvia Nyambura Uganda Revenue Authority (URA) has registered a 17.6% growth in revenue collections to record Ushs 8.1 trillion in the 9 month period between July 2015 and March 2016. This...
View ArticleUganda is a long away from Press Freedom
By Silvia Nyambura A good journalist is one who can tell a story that is accurate, relevant, truthful, engaging, credible, authoritative, informative and educative. The story should also provide...
View ArticleKaruma project contractors fly in experts to inspect dam cracks
By Our Reporter A team of dam construction experts from the Chinese firm, Sinohydro Corporation has arrived in the country to carry out a thorough assessment of the cracks reported in the spillway...
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