Business

VIDEO: A section of tycoons mentioned among the bailout beneficiaries have admitted having financed part of the campaign activities of the ruling National Resistance Movement in the February general elections. The tycoons led by the Chairman Uganda Manufactures Association, Amos Nzeeyi however say their decision to support the ruling party …

INTERVIEW: Parity Twinomujuni is the chief executive officer of the National Housing and Construction Company (NHCC). He spoke to Isaac Khisa about their operations and other pertinent issues in the real estate industry. What is your leadership style as a chief executive officer? My motivation is to work with others …

Local content fight: Manufacturers, Chinese face off over local materials as government sets up committee to salvage local manufacturing sector On August 02, Matia Kasaija, the minister for finance, planning and economic development, chaired a high profile meeting at the ministry headquarters in Kampala. It comprised a delegation of officials from the …

Uganda is one of the top performers in financial inclusion, according to the US-based Brookings Finance and Digital Inclusion Project (FDIP). Uganda was ranked 5th among the 26 countries surveyed with the success being attributed to a strong level of mobile money adoption and the amendment of the Financial Institutions …

In six months since December 2015, MTN Uganda added one million subscribers, growing from 8.9 million to 9.9 million by June 30. Also, the half year financial results show that in the same period, revenue at Group level increased by 14% to R78, 878 million. But capital investment in Uganda …

Singapore, Singapore | AFP |  Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude stockpiles and increased Saudi production. Official US data on Wednesday showed a jump in crude inventories, taking by surprise investors who expected a drawdown in supply, pushing prices …

When the Uganda Revenue Authority (URA) and tax family gather at their Nakawa headquarters on September 15, there will be many milestones to celebrate. September 15, 2016 marks 25 years since inception of URA, having been established by an act of Parliament in 1991 to collect central government revenue and facilitate trade in Uganda. …

Douala, CAMEROON | AFP |  Four employees of a Cameroon bank have been detained on suspicion of stealing millions of euros, sources told AFP on Tuesday. The four staff members of BICEC, a local subsidiary of French bank BPCE, have been placed in detention in the economic capital Douala after …

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

Having been appointed in October 2014 to replace the long-serving Allen Kagina as commissioner general of the Uganda Revenue Authority (URA), Doris Akol started her tenure on a rather good note. At the presentation of her very first annual revenue performance report in July last year, she was all smiles …