Story behind dumping of 5 bosses Kampala, Uganda | HAGGAI MATSIKO | Officially, the Feb. 14 deportation of MTN Chief Executive Officer (CEO), Wim Vanhelleputte was sparked by President Yoweri Museveni’s concerns over alleged gross crimes by MTN staff; including threatening national security. But investigations by The Independent have found …
Read More »Can Katamba save dfcu bank?
What it will take to turnaround fortunes of a bank with negative publicity and mixed performance Kampala, Uganda | JULIUS BUSINGE | The new Chief Executive Officer of dfcu bank is many things that his predecessor is not. He is an economist, young and top business executive. He also holds a …
Read More »BUSINESS: New MTN data offers
UCC agrees to meet company officials over concerns raised by customers Kampala, Uganda | JULIUS BUSINGE | On July 4, Uganda’s largest telecommunication firm; MTN, announced changes in price and volumes for some of its internet (data) packages resulting in concerns by customers and the regulator, the Uganda Communications Commission. …
Read More »Will URA achieve the Shs420bn revenue target from small businesses by 2018/19?
The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely not to be as expected. Data from the URA shows …
Read More »Housing Finance Bank registers Shs 18.05bn net profit
It now joins Stanbic, Stanchart, DFCU, DTB that have also recorded surge in profits in 2016 Uganda’s commercial banks spent almost the entire of last year worried about making money in a rather challenging economic environment that was characterised by high interest rates amidst slow economic activities. But they seemed …
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