Tag Archives: Julius Businge

What local businesses need to reap from the lucrative sector Kampala, Uganda | JULIUS BUSINGE | There is need for partnerships, connections, networking, trust, perseverance, access to credit, and promising what you can deliver. These were the messages that most speakers that took part in Stanbic Bank’s second edition of …

Coffee companies reap from URA’s Electronic Single Window System Kampala, Uganda | JULIUS BUSINGE | Coffee exporters are now realising the benefits of the Electronic Single Window system that was unveiled across the region four years ago. The Electronic Single Window is a computer aided system that enables companies to …

EFC Uganda Limited also known as EFC Uganda is a microfinance deposit-taking institution in Uganda and has been operating since 2012. The company’s Managing Director Shem Kakembo spoke to The Independent’s Julius Businge about their business. What is your description of EFC as a business as we speak? Our business …

Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …

Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …

New tax sees company’s sales for affordable brands drop by 30 percent Kampala, Uganda | JULIUS BUSINGE | Beer maker, Uganda Breweries Limited, saw its revenue surge amidst a sharp decline in sales for affordable brands for the half year ended December 2018. The company’s financial statements released on Feb. …

This is a liberating project, says PM Rugunda as NRM bosses visit site Kampala, Uganda | JULIUS BUSINGE |The 600MW Karuma Hydropower Dam under construction on the River Nile in Kiryandongo District in northwestern Uganda is 93% ready and the remaining work is progressing well. Harrison Mutikanga, the chief executive …

Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …

Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …

Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …