Business

COVID-19 and harsh regulations blamed Kampala, Uganda | RONALD MUSOKE | Cigarette distributor, British American Tobacco (BAT) Uganda executives have attributed the company’s recent drop in revenue to the lingering impacts of the COVID-19 pandemic and stringent tobacco control regulations enforced by the government. In their half-year performance report ending June …

Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum has registered success for its annual 90 Days of oil and Gas Media Campaign  the third edition that entered day 35 on Sept.4. UCMP runs this annual activity with the main purpose of sharing sector information for players to …

Kampala, Uganda | THE INDEPENDENT | The Uganda Registration Services Bureau (URSB) has scheduled October 19th, 2023, as the date to deliver its decision in a case where three individuals are claiming ownership of the ‘Omalako Jajja Tova Ku Main’ political slogan. The claimants are social media critic Frank Gashumba, Lwengo …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has pledged to support the local assembly and manufacturing of smartphones by purchasing one million handsets. Smartphone penetration is still below 40% in the country and lowering the cost of handsets will go a long way to improve overall penetration. Speaking at the …

Johannesburg, South Africa | THE INDEPENDENT | Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the global insurance and financial services leaders have got approvals from regulators to merge their operations in 27 African countries including Uganda. The two have announced that they have received regulatory approvals …

Companies remain optimistic about future output growth Kampala, Uganda | JULIUS BUSINGE | The monthly Stanbic Purchasing Managers’ Index (PMI) for Uganda dipped slightly in August, falling from 53.9 in July to 51.6, as businesses grappled with the implications of the World Bank’s suspension of further loans to the country. However, …

Period after lunch but before  last hour of  trading day is least preferred  among all asset classes Kampala, Uganda | RONALD MUSOKE | The first hour of the trading day is the most favoured time to execute trades globally, across all asset classes, according to a survey published on Aug.30 by …

Kampala, Uganda | THE INDEPENDENT | Uganda’s first official dairy exports to Algeria will start next month, the Dairy Development Authority (DDA) has revealed. Uganda and Algeria signed the diary deal in March this year. Uganda is expected to export milk products worth up to USD 500 million to the North African country. At …

BoU data indicates a noteworthy increase in the value of Uganda’s exports to South Africa over the past decade, doubling to US$21.24 million Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni has extended an olive branch to corporate giants MTN Uganda and Stanbic Bank, forgiving them for their past actions. …

  Amuru, Uganda | THE INDEPENDENT | The government has started delivering machines and equipment meant for the mechanized operations of Atiak Sugar Factory in the Northern Uganda district of Amuru. The machines have been purchased by the Uganda Development Corporation (UDC) through a sh108 billion supplementary budget passed by …