Business

Kampala, Uganda | PWATCHUG| For­mer En­ergy Min­is­ter, Syda Bbumba has feigned ig­no­rance of the con­tent in an oil pro­duc­tion shar­ing agree­ment that led to a $157 mil­lion tax waiver to Tul­low Oil Com­pany. Bbumba is in the eye of the storm af­ter Pres­i­dent Yow­eri Mu­sev­eni, while meet­ing leg­is­la­tors on the …

Listed enterprises record 50% increase in sales Nabukeera Plaza is a large building in downtown Kampala which is home to an extensive array of cubicle-sized shop where an army of traders peddle clothing, home appliances, personal care products, food and drinks and more. That description fits any of the numerous …

But profits decline over declining sales, high costs By Susan Babijja Bralirwa, the biggest brewing company in Rwanda registered annual revenue growth of 5.6% despite a decline in sale volumes, according to its financial performance figures announced recently. According to the results, the firm’s revenue for the period ended December …

Look to heavy investment into technology to reverse slow 2016 growth Centenary Bank and Barclays Bank of Uganda Ltd registered slower growth in profits for the year ending December 2016 but the managers say that is no problem and instead remain positive about the future. Centenary’s profits grew by 8.2% …

Uganda’s outgoing ambassador to China Charles Wagidoso has said a lot had been achieved in strengthening the relationship between the two countries, including the exchange of high level visits. He said their has also been increased cooperation in the areas of investment promotion, infrastructure development, industrialization and human capacity development between Uganda …

Consumers want the cheap prices but local traders want the profits Hostility towards Chinese petty traders appears to be growing in Uganda but so is the dependence on Chinese imports. On April 19, the hostility erupted once again as hundreds of traders in the capital city, Kampala, staged a closed-shop …

The Employment Act, Labour Unions Act, Labour Dispute Arbitration and Settlement) Act and Occupational Safety and Health Act are some of the laws impeding the work of the Industrial Court, according to the Acting Registrar of the court, Sylvia Nabaggala. Appearing before parliament, Nabaggala listed a plethora of complaints that …

President Yoweri Museveni sought to deflect the blame and criticism aimed at him over a cash bonus given out to government officials who played a part in Uganda’s victory in international arbitration against oil companies. In a closed door session at State House Entebbe with parliamentary probe committee on the …

MPs from Buganda region have asked Buganda Kingdom to revisit a directive to Buganda Land Board (BLB) for the issuance of land titles to all subjects of Kabaka Mutebi occupying his land with a lease period of 49 years. The MPS suggested a 99 year lease period which is long …

Members of Parliament (MPs) have threatened to block the budget for the tourism industry unless all four bodies involved in the tourism sector have functional boards. In the proposed budget for next financial year, tourism has been allotted Shs89billion but the ministry is requesting for an additional Shs65bn to market …