Pirelli tyres sales to grow 20% in the next six months City Tyres, a subsidiary of Mandela Group of Companies in Uganda, expects a 20% growth in sales for Pirelli tyres in the next six months on the back of the ongoing new Formula One (F1) campaign. Mandela Group of …
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The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …
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Experts commend move to protect bankrupt telco’s assets but say it needs a business plan that works Business at Uganda’s oldest and troubled telecom company, Utl, took another twist when the government on April 28 announced it has finally put it under provisional administration. The government, which recently took over …
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Listed enterprises record 50% increase in sales Nabukeera Plaza is a large building in downtown Kampala which is home to an extensive array of cubicle-sized shop where an army of traders peddle clothing, home appliances, personal care products, food and drinks and more. That description fits any of the numerous …
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President Yoweri Museveni has called on professional accountants in Africa to join agencies involved in the fight against corruption as a step towards contributing to prosperity for all. “We have generated a lot of money and we need someone to record it well and that is where you the accountants …
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Tropical Bank takes lead with more than 8000 customers interested in taking up Islamic banking services The Secretary General of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), Nuri Birtek says Uganda’s commercial banks and investors need to support small and medium …
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Over 1000 participants from around the world will converge in Uganda May 2-5 to discuss matters accounting and finance. Speaking to journalists ahead of the meeting on April 30 in Kampala, Rachel Grimes, the president of the International Federation of Accountants (IFCA) said the meeting will serve as an opportunity …
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Factory price of 50kg bag up by 48% in April 2017 There is bad news for sugar consumers in the country going by current issues happening in the industry. Official figures for the year 2016 from industry controllers Uganda Sugarcane Manufacturers Association (USMA) millers – Kakira, Kinyara and SCOUL …
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Mubaraka Nkuutu Kirunda has been acting as the executive director at Uganda Manufacturers Association (UMA) for about four months. He spoke to The Independent’s Julius Businge about the prospects of Uganda’s manufacturing sector. Manufacturing is among sectors that experienced negligible growth in the first half of this financial year (the …
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Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …
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