Business

Kampala, Uganda |  THE INDEPENDENT |   The controversy surrounding a commercial court judgement on the case between Diamond Trust Bank and businessman Hamis Kiggundu has taken a new twist after the Bank of Uganda advised that a foreign bank can appoint an agent to carry our business in Uganda, without …

New markets, increased consumption, and stable EAC economy will boost returns, company executives say Kampala, Uganda | JULIUS BUSINGE | Executives at Pearl Dairy Farms Limited expect a boom in business in the next five years supported by an increase in milk consumption, new markets and the easing of trade …

Kampala, Uganda |  THE INDEPENDENT |   The Uganda Revenue Authority has recorded a surprise surplus of more than 1 trillion Shillings in collections for the the first quarter of the financial year 2020/2021. In all the three months July to September, collections were above the target, reversing the high under-performing …

Kampala, Uganda |  THE INDEPENDENT |   Money lenders in Uganda have petitioned the East African Court of Justice asking them to quash a recent commercial Court decision in a case involving businessman Hamis Kiggundu and Diamond Trust Bank Uganda and Kenya. The lenders under their umbrella, Money Lenders Union Limited …

. Kampala, Uganda |  THE INDEPENDENT |  The High Court Commercial Division has halted the execution of the orders issued by Justice Henry Peter Adonyo in a case involving businessman Hamis Kiggundu, Diamond Trust Bank Uganda and Kenya.     Principal Judge, Dr Flavian Zeija issued the interim orders on Tuesday …

Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …

Kampala, Uganda |  THE INDEPENDENT |   Civil Society Activists Campaigning against commercialized politics say that the will of the people to vote for useful leaders has been distorted by too much money being used by those aspiring for office. The activists called for action against the growing political commerce during …

Kampala, Uganda |  THE INDEPENDENT |   The Ministry of Finance is seeking to add another 390 billion Shillings to the supplementary request of 3.426 trillion Shillings currently before the Parliamentary committee. The request puts the supplementary budget at 3.853 trillion Shillings.   The first supplementary is to finance a classified budget …

Kampala, Uganda |  THE INDEPENDENT |   Hostel Owners around Kyambogo University have opposed the University demand of carrying forward hostel fees of Semester two to cater for the remaining period on re-opening this week. According to Elli Katunguka the Vice Chancellor Kyambogo University, the management negotiated with some hostel owners …

Uganda Securities Exchange tells manufacturers recovering from COVID-19 pandemic stress Kampala, Uganda | JULIUS  BUSINGE | As manufacturers weather the tough times caused by COVID-19 lockdown and related restrictions, executives at the Uganda Securities Exchange say, doors are open for raising capital to reboot business activities. Speaking on behalf of …