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Museveni visits Juba, Ugandan traders to be paid

Uganda and South Sudan have finally agreed on a mode of payment for Ugandan traders who supplied South Sudan with food items between 2008-2010. The agreement was struck at a sideline meeting during today’s one-day visit to Juba by President Yoweri Museveni. David Bahati, the Ugandan State Minister for Finance in …

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Coca-Cola secures African stake from ABInbev

Brussels, Belgium | AFP |  Soft drinks giant Coca-Cola has agreed to pay more than three billion dollars to recently-merged AB InBev for control of Africa’s biggest soft drinks bottling company, both companies said Wednesday. On merging with SABMiller in September, Belgian-Brazilian giant AB InBev found itself with 54.5 percent …

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UTL ordered not to fire staff or sale assets

The parliamentary probe into the alleged mismanagement of Uganda Telecom Limited (UTL) has today grilled the company’s top managers. The probe heard of the mounting debts UTL is facing and the absence of audits. UTL owes Uganda Communications Commision (UCC) sh27 billion, and MTN Uganda sh3.5billion. The probe committee asked …

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VIDEO: UCC boss says Uganda Telecom should close

VIDEO:  Uganda Telecom Company is in the spotlight for reportedly operating outside the law, with Uganda Communications Commission saying it should have been closed. Uganda Communications Commission executive director Eng. Godffrey Mutaabazi says the company’s license needed to have been revoked earlier. Mutabazi was appearing before a parliament select committee …

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