Unveils Shs9.25bn packaging line to boost production, market access Kampala, Uganda | JULIUS BUSINGE | Pearl Dairy Farms Limited, the processor and manufacturer of Lato Milk branded products has unveiled a new Shs9.25billion Tetrapak Edge production line to its Mbarara based factory. Company executives said on June 29 that the …
Read More »Uganda Clays to pay Shs1.2bn as dividend
The company plans to finance a new kiln and artificial dryer at Kajansi and Kamonkoli to boost production Kampala, Uganda | JULIUS BUSINGE | Shareholders of Uganda Clays Limited will earn Shs1.2bn (Shs1.35 per share) as dividend for the year ended December 30, 2020, following approval from the virtual Annual General …
Read More »Covid-19 lockdowns, differences in tax policies complicates trade in EAC bloc
Experts, government suggest ways to easing trade among partner states Kampala, Uganda | JULIUS BUSINGE | There is a growing concern amongst the business community that the COVID-19 lockdown measures are a danger to business activities, and if not carefully eased, could make the situation worse going forward. This is …
Read More »Pearl Dairy unveils Shs9.25b packaging line
Kampala, Uganda | Julius Businge | Pearl Dairy Farms Limited, the processor and manufacturer of Lato Milk branded products has unveiled the addition of a new Shs9.25billion Tetrapak Edge production line to its Mbarara based facility, it said on June 29 in a media release. Executives said, the new line will …
Read More »“Allocate more money to agriculture to support the economy”
Seruwo Solomon is the Marketing and Business Development Manager for Bukoola Chemical Industries Limited. He spoke to Julius Businge about the company’s operations and opportunities for the 2021/2022 national budget: Briefly, talk about Bukoola Chemical Industries Ltd operations in Uganda? Bukoola Chemical Industries is one of the oldest and largest …
Read More »Economy at crossroads
Can Mutebile’s latest announcement and government spending plan save the economy hurt by coronavirus lockdowns? | JULIUS BUSINGE | On June 16, Bank of Uganda Governor, Emmanuel T. Mutebile made a big announcement that many pundits believed would boost economic recovery. For the first time in many months, Mutebile cut …
Read More »Mixed performance for private sector activities
Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …
Read More »‘We are going to pay your dividends’
Stanbic Bank top executives tell shareholders as it rolls out offerings for women, targets oil and gas opportunities Kampala, Uganda | JULIUS BUSINGE | Whereas many businesses reported reduced earnings for the year 2020, others like Stanbic Bank Uganda Ltd, have assured their shareholders that they will earn their profits …
Read More »Kenya’s consumer credit platform enters Ugandan market
Kenya’s consumer credit platform, Lipa Later, has expanded into the Ugandan market, enabling customers to access credit to purchase products from retailers and supermarkets in monthly instalments. Kampala, Uganda | JULIUS BUSINGE |The firm, which also has operations in Rwanda, said the new service will enable customers to purchase latest …
Read More »Low milk prices hit farmers’ income
Kenya’s ban on milk imports from Uganda is to blame Kampala, Uganda | JULIUS BUSINGE | Norman Nduho Kapaapa, a dairy farmer from Rwamuranda village, Kanyalyeru Sub-county, Kiruhura district loves President Yoweri Museveni’s message that urges Ugandans to engage in commercial agriculture to fight poverty. “I would like to thank …
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