Tag Archives: Julius Businge

Performance of the economy likely to determine profitability going forward Kampala, Uganda | JULIUS BUSINGE | Dfcu bank’s net profit more than quadrupled to Shs 114bn for the six months ending June 30 after the acquisition of Crane Bank but analysts remain cautious on whether the bank will maintain the …

Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation reduced from 5.7% for the year ended July 2017 to 5.2% for the year ending August 2017, representing a 0.5 percentage point drop, Uganda Bureau of Statistics announced on Aug. 31. The statistics body attributed the drop to the decline in …

Kampala, Uganda | JULIUS BUSINGE | Uganda Breweries Limited (UBL) has asked government to create a fair operating business environment by urgently banning alcohol sold in sachets. Speaking at a media roundtable with business journalists in Kampala on August 30, Mark Ocitti, the managing director of UBL said some unregulated dealers …

Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …

But it does not mean workers strike goes ahead in November. Here’s why Kampala, Uganda | JULIUS BUSINGE | Another stalemate looms over the Pension Reform Bill, which was first tabled in parliament six years ago, as National Organisation of Trade Unions (NOTU) warns of a strike and the Minister …

Analysts say the new initiative has to be all-inclusive to succeed Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority(URA) is designing a Medium Term Revenue Mobilisation Strategy (MTRS) seeking to meet the ever growing annual revenue collection targets. The MTRS’ core objective is to ensure that revenue collection matches …

A look at MTN, Airtel, Africell ahead of August SIM registration deadline Kampala, Uganda |ISAAC KHISA and JULIUS BUSINGE| MTN Uganda has recorded a surge in revenues for the six months ending June 30, signaling a possible rebound in the country’s telecom industry. According to the latest half year performance …

The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE  | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …

Kampala, Uganda | JULIUS BUSINGE |  Uganda Revenue Authority (URA) on August 17 displayed 65 kilograms of ivory they say they impounded from a one, Hussein Elhusseiny, an Egyptian national. Vincent Seruma, the assistant commissioner for corporate and public affairs, told reporters at the URA headquarters on Thursday that Elhusseiny, …