Business

Sale of leaf business takes toll as Tobacco Control Act also gets set to bite By Patrick Kagenda In December last year, British America Tobacco Uganda (BATU) issued a public statement warning shareholders and potential investors that their profits would be significantly lower (by about 20%) than the previous year’s …

Govt, manufacturers tussle as cheap Chinese imports supplant local content at big infrastructure projects Abid Alam, the proprietor of Steel Rolling Mills, knows who is responsible for the predicament facing the manufacturing sector – the government, which has failed to enforce guidelines that contractors undertaking the ongoing big infrastructural projects …

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

Natalie Bitature, the proprietor of Musana Carts, the solar street-vending revolution, spoke to Nicole Numubiru about her award-winning Musana Cart, which provides urban street vendors with a cleaner, safer, more efficient solution to their cooking, storage and financing needs. The Musana Cart is an environmentally-friendly, solar-powered vending cart that is …

Last month, Benon Oluka, a journalist with The Observer newspaper, penned an article to narrate his experience with Insurance Company of East Africa (ICEA), an insurance company, which had refused to compensate him as a third party after he was injured in a nasty accident in Kibaale District last year. …

Abidjan, Ivory Coast | AFP | France has done it with Champagne, Italy with Parma ham and Japan with Kobe beef; now Ivory Coast wants to protect the status of one of its most popular foods. Attieke — pronounced atchekay — is a side dish made from fermented ground cassava. …

Pension sector assets topped Shs 6.5 trillion in 2015, a new report by the Uganda Retirements Benefits Regulatory Authority (URBRA) has shown. URBRA CEO David Nyakundi told journalists that the increase in the assets was attributed to the improving quality of governance in both public and private schemes in the …

  2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE).  Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety.  Some 21% of NSSF’s total value is in equities, with 73% …

Barely eight weeks to the October 01 deadline for the East African Community (EAC) to sign the Economic Partnership Agreement (EPA) with the European Union (EU), one would expect the regional bloc to be handling the issue with a degree of urgency.  Apart from Kenya, the rest of the member …

Government has picked four companies to  negotiate Production Sharing Agreements (PSAs). The Ministry of Energy and Mineral Development, in a statement, said evaluation of bids for the first competitive licensing round were complete and successful companies invited to negotiate Production Sharing Agreements (PSAs). The four companies are: 1. Armour Energy …