The company executives say focus on digitization will drive growth of business going forward Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported a 9.1% increase in net profit to Shs442.6billion for the first six months of 2020. According to company’s latest interim results, the performance was driven by …
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As COVID-19 lockdown measures hit agriculture, construction and industry Kampala, Uganda | JULIUS BUSINGE | For the first time since February, the headline Stanbic Bank Purchasing Managers’ Index (PMI) crossed into positive territory recording a reading of 50.3 during July, up from 46.5 in June. This is a significant recovery …
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Market executives anticipate good performance as COVID-19 threat is minimized Kampala, Uganda | JULIUS BUSINGE | Trading in the second quarter of 2020 at the Uganda Securities Exchange registered a tremendous decline as Uganda’s equity markets continued to feel the impact of COVID-19 pandemic, according to the quarterly bulletin for …
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Stanbic, Coca-Cola, Nice House of Plastics sign plastics deal Kampala, Uganda | JULIUS BUSINGE | Faced with the undeniable consequences of a toxic tide of plastics, three private firms have entered into a partnership to recycle plastic waste. Stanbic Bank, Cola-Cola Beverages Africa and Nice House of Plastics on July.22 signed a …
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Tracing illicit products to source is required to safeguard the legitimate tobacco industry, company executives say Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda (BAT Uganda) shareholders on July.23 approved Shs15.7billion or Shs320 per share as the final dividend for the year ended December 31, 2019. The dividend …
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Knight Frank’s virtual meeting gives ideas to business operators Kampala, Uganda | JULIUS BUSINGE | There is life after COVID-19. Business owners should think about adjusting their mode of operations to serve their clients better if they are survive. These are general views that came up during a discussion about …
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Company executives explain cause of Shs88million loss Kampala, Uganda | JULIUS BUSINGE | Uganda Clays Limited, a clay building materials manufacturer has recorded Shs88million loss for the year 2019 as opposed to the net profit of Shs1.9bn in 2018. According to the company’s financial statements released on July 17, total …
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Experts urge government to strengthen regulatory framework, review taxation and promote financial inclusion Kampala, Uganda | JULIUS BUSINGE | The use of digital technologies has potential to jumpstart the economy that has been battered by COVID-19 pandemic, according to the World Bank’s latest Economic Update for Uganda. The report, which …
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Nevin Bradford has been the Chief Executive Officer for Cipla Quality Chemical Ltd since November 2013. The Independent’s Julius Businge interviewed him about their COVID-19 experience and general company operations. What has been your general business experience since March 2020 when the government of Uganda joined the rest of the …
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John Walugembe is the Executive Director for Federation of Small and Medium Enterprises, an umbrella body for SMEs in Uganda. The Independent’s Julius Businge had an interview him on the impact of COVID-19 on SMEs. What major milestones has the federation recorded since its establishment? The Federation was established in …
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