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, …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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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Can Mutebile’s latest announcement and government spending plan save the economy hurt by coronavirus lockdowns? | JULIUS BUSINGE | On June 16, Bank of Uganda Governor, Emmanuel T. Mutebile made a big announcement that many pundits believed would boost economic recovery. For the first time in many months, Mutebile cut …
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Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …
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The Independent Uganda: You get the Truth we Pay the Price
