Business

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

Final plans of a Memorandum Of Understanding aimed at sensitizing Ugandans about their tax obligations and duty to national development have been drawn between NBS Television and the Uganda Revenue Authority URA. The tax body’s head Doris Akol said URA would be happy if NBS Television used its platforms to help Ugandans …

NWSC: Corporation hits 105% collection efficiency as five year strategy gets into top gear Silver Mugisha (PhD), the managing director of the National Water and Sewerage Corporation (NWSC), is a soft-spoken and urbane man who doesn’t like to talk too much about himself.  He would however spend a day talking …

Japan has promised to provide a $116 million loan to improve Kampala metropolitan infrastructure. Japan is already involved in several projects aimed at improving the road network in Kampala, including building fly-overs. Japanese Prime Minister, Chinzo Abe gave the assurances at a meeting with President Yoweri Museveni at the  6th Tokyo …

Nairobi, Kenya | AFP | Japan will pour $30 billion of investments into Africa by 2018, including $10 billion in infrastructure development, Prime Minister Shinzo Abe said Saturday at a summit in Nairobi. Abe is using the conference to meet dozens of leaders from across Africa, among them Kenya’s President …

MTN’s loans: MTN’s Mokash platform set to stir competition in small loans market Every year, companies have made it a norm to launch a market-shaking product or service. However, none of the products launched in Uganda in recent years will match MTN’s newest trail-blazing ‘Mokash’ in terms of innovation, utility, and risk-taking. …

Expert urges government to match plans with implementation to reverse wide disparity between GDP and citizens’ quality of life A new report has shown that it is possible for a country to have vast economic wealth yet have citizens who are living a poor quality of life. The latest Social …

Stanbic Bank’s Mweheire steady – Bank registers Shs 107 billion in net half year profit, shareholders to get Shs 2.1 dividend per share When Patrick Mweheire became the first Ugandan to head Stanbic Bank, there was some apprehension about how Uganda’s largest bank by assets would survive in the challenging economic …

VIDEO: Investors who were promised prime land have accused government of not walking the talk and instead giving them swampy areas where they have had to invest a lot of money to develop This was during the visit to the industrial by the Uganda vice president Edward Kiwanuka Ssekandi.   Share …

NBL in $12m biogas effort: Project saving brewer Shs 616m in electricity bills annually Three years ago, beer brewer, Nile Breweries Ltd set out to adopt renewable energy options in its operations in a bid to reduce on the greenhouse gas emissions and improve energy security. To achieve that, the …