Tag Archives: Julius Businge

By Julius Businge The three East African currencies of Kenaya, Uganda and Tanzania remained steady trading a narrow range throughout the week ending March 23. “It was a sideways market for most of the trading sessions of the week with no uptrend or downtrend clearly established,” said Stephen Kaboyo a …

By Julius Businge The World Bank has said economic growth in Sub-Saharan Africa is likely to reach more than 5% on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent. The Bank said in its latest Africa’s Pulse, a twice-yearly analysis …

By Julius Businge But can police expose `true own But can police expose `true owner’ of Dura Cement Ltd? When former Nyabushozi constituency MP Elly Karuhanga left parliament in 2001, eye-brows went up over his next move. The soft-spoken and debonair Karuhanga, with charming smile, and cheeky glint in the …

By Julius Businge The Uganda Revenue Authority (URA) has today (March 26) closed Nakivubo stadium located in the centre of Kampala city after the management failed to remit PAYE and VAT taxes amounting to about Shs 400million that accumulated since 2004. Abudu-Sallam Waiswa, the manager for debt collection at URA …

By Julius Businge The Government of Brazil has made its first contribution to the United Nations World Food Programme (WFP) in Uganda of 2,000 metric tons of rice worth about US$1 million (over sh2.5bn) to cater for 155,000 refugees in Uganda. WFP said in a statement released on March 20 …

By Julius Businge Stanbic Bank Uganda Limited, Uganda’s largest commercial bank has recorded sh130bn profit after tax for the year ended December 2012 up from sh121bn a year earlier, the Bank’s financial results released on March 18 reads. The Bank’s expenditure however, increased from sh267bn for the year ended December …

By Julius Businge The Bank of Uganda has for the fourth consecutive month maintained the Central Bank Rate (CBR) at 12% in March, according to the Monetary Policy Statement issued by the bank on March 5. The Bank said inflationary pressures have remained below single digits and that meant maintaining …

By Julius Businge Uganda’s annual headline inflation has dropped to 3.4% for the year ended February 2013 down from 4.9% a year earlier, the Uganda Bureau of Statistics announced on Feb. 28. The statistics body said the fall was attributed to reductions in food prices and other components of in …

By Julius Businge The Ugandan based Twenty Third Century Systems (TTCS), has launched a cloud computing service that will benefit the small and medium enterprises (SMEs). TTCS is the pan-African IT company that provides the largest SAP cloud computing business solutions in sub Saharan Africa. While launching the solution, TTCS’s …

By Julius Businge Kalangala Infrastructure Services (KIS) is set to commence construction of the four project components say; road rehabilitation, electricity generation and construction of transmission lines, construction of the second ferry and water supply construction on Bugala Island in Kalangala district. KIS’s Managing Director John Opiro, says the $50m …