Wednesday , October 1 2025
Home / Business (page 558)

Business

Business news

Afreximbank records US$315million in net profit

Kampala, Uganda | Isaac Khisa | The African Export-Import Bank (Afreximbank) has released its audited financial statements for the year ended 31 December 2019, showing strong and consistent growth, with total comprehensive income of $324.2 million. The results, which reflected a net income of $313.3 million, 14.3 percent increase over the 2018 …

Read More »

Oil prices fall as doubts grow over output cut deal

Singapore, Singapore | AFP | Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets. US benchmark West Texas Intermediate plunged eight percent at the open in Asia but clawed back some ground and was trading …

Read More »

No insurance cover for Uganda’s coronavirus patients

  Kampala, Uganda | ISAAC KHISA | International Air Ambulance (IAA) Healthcare, a leading Health Membership Organisation in Uganda has announced that it will not cater for medical bills for any of its clients infected with coronavirus. This follows declaration of the disease as pandemic by the World Health Organisation. …

Read More »

Umeme records Shs139bn net profit

Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …

Read More »

Equity bank, FSDU to boost refugee’s livelihoods

Looming project will promote financial inclusion and economic prosperity Kampala, Uganda | JULIUS BUSINGE | Financial institutions are carrying out a study to inform potential investors about the viability of doing business in refugee settlement areas and host communities. Equity Bank, Financial Sector Deepening Africa, Financial Sector Deepening Uganda and …

Read More »