Tag Archives: assets

Fort Portal, Uganda | THE INDEPENDENT | Tooro kingdom administration is organizing a series of sensitization meetings for the community about the kingdom properties that are in the process of being returned by the central government. King Oyo on Monday led a delegation that met government officials led by Prime …

Masaka, Uganda | THE INDEPENDENT | The management of Masaka Cooperative Union is struggling to repossess its assets. The union which was established in 1951 by coffee farmers in the greater Masaka sub-region collapsed due to political insurgency in the 1980’s. Although the government offered to compensate the Union for …

London, United Kingdom | AFP |  BP said Friday that Chief Executive Bob Dudley, who oversaw the energy giant’s response to and recovery from the devastating Gulf of Mexico 2010 oil spill disaster, will leave next year. American Dudley, 64, will step down on February 4, 2020 and retire at the …

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …

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 …

By Julius Businge Bank of Uganda has responded to the rise in banks’ non-performing loans and other assets (NPAs) recorded in 2012 arguing that the rise was mainly attributed to the macroeconomic challenges in 2012. The bank however, in an email to this magazine was quick to say that the …