Tag Archives: Julius Businge

Shareholders of the regional beer maker, East African Breweries Limited (eabl) are set to receive a dividend of Kshs 2 (Shs 68) per share even as the company recorded a 2% growth in profit after tax to Shs 188bn in the second half of the year ending December 31, 2016 …

Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each othe. Meetings between teams from IMF and planners of Uganda’s economy, especially President Yoweri Museveni, have historically involved …

Private sector say government proposal to increase domestic borrowing from Shs1.3trillion to Shs1.4 trillion will deny them of cheap financing during the year Uganda has once again released its budget proposal for the next financial year, raising government spending 15% to Shs30.2trillion in the fiscal year from July, with bulk …

Oil pundits sees Tullow Oil plc.’s new share sale a strategy to exit the country’s oil sector London-Based Tullow Oil plc’s announcement that it is once again scaling down its stake in Uganda’s oil development, shedding off nearly two thirds of its shareholdings to the rival firm, Total E&P for …

BoU cut its central bank rate from 13% in October to 12% in December to stimulate economic activities As 2017 business starts commercial banks are optimistic that the sector will register a surge in profitability on the back of improving economy and a reduction in Non-Performing Loans. Speaking to The …

Business captains punch holes in Bank of Uganda projections Uganda’s economy is expected to pick up steam this year, boosted by public infrastructure spending and easing of the monetary policy to stimulate economic growth. At least that is the view of Bank of Uganda Governor Emmanuel Mutebile. Mutebile spewed his …

Non-performing loans more than doubles to 7.7 %, Crane Bank sinks As 2016 comes to an end, it is clear that it has been a year in which the banking industry choked on surging losses on the back of bad loans. One of the biggest banks; Crane Bank, suffered a …

Festive season and prolonged drought push prices high This year’s Christmas may not be merry as many could hope as prices for specific basic commodities increases ahead of the big day, The Independents analysis shows. The price of sugar has increased from Shs 3, 200 to Shs 5,000 per kilogramme …

Cash strapped UTL managers chase capital to fund three years turnaround strategy Uganda Telecom is one of the oldest telecom companies in the country and the third in terms of subscriber base now standing at less than two million out of the 22.97million mobile phone users, writes Julius Businge. Owned …

Food prices remain high as service companies offer cuts The end of year festive season is coming during tough times and businesses need to devise new ways of reaching out to old customers and attracting news ones, according to Charles Ocici, the executive director of Enterprise Uganda, a UNDP sponsored …