Tourism services are still generally poor and there is a need for investment especially in tour guiding, site interpretation, food and beverage services Kampala, Uganda | JULIUS BUSINGE | A comprehensive report released by the Petroleum Authority of Uganda has advocated for significant reforms in the tourism and oil and gas …
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Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on the Uganda Securities Exchange, the …
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Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …
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The company faces numerous challenges such as limited funding,long distances of distribution networks and high energy losses Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has recorded a 10.5% surge in revenue to Shs88.5bn for the year ended June 2023. The company executives revealed during the Annual …
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The company continues to demonstrate resilience amidst a challenging operating environment, characterised by a high prevalence of illicit trade Kampala, Uganda | JULIUS BUSINGE | Cigarette seller, British American Tobacco has reported a reduction in net profit from Shs9.8bn for the year ended December 2022 to Shs8.9bn for the year ended …
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This development is anticipated to lead to a decline in cement prices, which have risen from Shs 28,000 in 2018 to currently exceed Shs 33,000, varying by manufacturer and application Kampala, Uganda | JULIUS BUSINGE | Uganda has granted a 21-year Large-Scale Mining License LML0344 to Sunbird Resources Limited to mine …
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Kampala, Uganda | JULIUS BUSINGE | On Feb.22, NCBA Bank unveiled its revamped Premier Banking offering, targeting premier banking customers, prospects, and high-value stakeholders. The key features of the enhanced offering include extended banking hours at select branches, allowing customers to enjoy greater convenience. Additionally, customers now have access to online …
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Kampala, Uganda | JULIUS BUSINGE | On Feb.9, a total of 99 women entrepreneurs from Kampala, Lira, and Fort Portal successfully graduated from the 7th cohort of the Academy for Women Entrepreneurs (AWE) Program. This remarkable achievement, supported by the U.S. Embassy in partnership with SHONA Group, underscores a collective commitment …
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There’s a need for enhanced liquidity in domestic markets to foster economic growth and socio-economic transformation Kampala, Uganda | JULIUS BUSINGE | Uganda has preserved its fourth-place ranking in the Absa Africa Financial Markets Index for 2023, despite a slight decrease in its overall score from 64.4 to 62.8. The index, …
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Uganda’s private sector constitute of about 90% SMEs generates over 75% of the GDP Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank, the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF), to scale up lending to SMEs, Women, Youth-affiliated businesses, …
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