Kampala, Uganda | Julius Businge | Small businesses that have been negatively impacted by the COVID-19 lockdowns could smile any time from now if government plan to inject cash into their enterprises come to pass. This follows a meeting where the Federation of Small and Medium-sized Enterprises was invited by the …
Read More »More borrowers seek credit from banks
The second wave of the pandemic pose downside risks to credit growth Kampala, Uganda | JULIUS BUSINGE | Banks have recently received more loan applications and extended more credit to borrowers amidst the coronavirus pandemic. This is good for jumpstarting the economy that has been hit by COVID-19 lockdowns. Till …
Read More »Umeme, Stanbic dominate Uganda bourse trading
Future performance remains uncertain due to the ongoing COVID-19 lockdown Kampala, Uganda | JULIUS BUSINGE | Stock turnover at the Uganda Securities Exchange recorded a 74% growth in the second quarter of this year to Shs5.9bn compared to the previous session as energy and banking dominated trading. Electricity distributor, Umeme, …
Read More »URA misses 2020/21 revenue target by Shs2.4trillion
The taxman is optimistic about future performance Kampala, Uganda | JULIUS BUSINGE | The Commissioner General for Uganda Revenue Authority, John Rujoki Musinguzi, has an uphill task of collecting taxes from businesses and individuals that continue to face the COVID-19 pandemic hit. His supervisors at the Ministry of Finance …
Read More »Uganda’s private sector activity slows in June-PMI
The risk of extending the COVID-19 lockdown could delay rebound in economic activity Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector activity slowed in June, the second time in a row, with businesses forecasting a dejected outlook for the few months ahead as a result of the ongoing second …
Read More »Pearl Dairy unveils new production line
Unveils Shs9.25bn packaging line to boost production, market access Kampala, Uganda | JULIUS BUSINGE | Pearl Dairy Farms Limited, the processor and manufacturer of Lato Milk branded products has unveiled a new Shs9.25billion Tetrapak Edge production line to its Mbarara based factory. Company executives said on June 29 that the …
Read More »Uganda Clays to pay Shs1.2bn as dividend
The company plans to finance a new kiln and artificial dryer at Kajansi and Kamonkoli to boost production Kampala, Uganda | JULIUS BUSINGE | Shareholders of Uganda Clays Limited will earn Shs1.2bn (Shs1.35 per share) as dividend for the year ended December 30, 2020, following approval from the virtual Annual General …
Read More »Covid-19 lockdowns, differences in tax policies complicates trade in EAC bloc
Experts, government suggest ways to easing trade among partner states Kampala, Uganda | JULIUS BUSINGE | There is a growing concern amongst the business community that the COVID-19 lockdown measures are a danger to business activities, and if not carefully eased, could make the situation worse going forward. This is …
Read More »Pearl Dairy unveils Shs9.25b packaging line
Kampala, Uganda | Julius Businge | Pearl Dairy Farms Limited, the processor and manufacturer of Lato Milk branded products has unveiled the addition of a new Shs9.25billion Tetrapak Edge production line to its Mbarara based facility, it said on June 29 in a media release. Executives said, the new line will …
Read More »“Allocate more money to agriculture to support the economy”
Seruwo Solomon is the Marketing and Business Development Manager for Bukoola Chemical Industries Limited. He spoke to Julius Businge about the company’s operations and opportunities for the 2021/2022 national budget: Briefly, talk about Bukoola Chemical Industries Ltd operations in Uganda? Bukoola Chemical Industries is one of the oldest and largest …
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