Tag Archives: losses

Kampala, Uganda | THE INDEPENDENT | Public transport operators plying the Masaka-Kampala highway are counting losses due to a reduction in the number of passengers. This follows the flooding of River Katonga in Mpigi district which cut off the highway. Travelers from Kampala were advised to use the Mpigi-Butambala-Ssembabule road as …

Kampala, Uganda | THE INDEPENDENT | On Feb.10, Adidas warned over the potential major impact on its profits of ending its partnership with rapper and fashion designer Kanye West last November. The firm’s new boss said it could lose hundreds of millions of dollars this year if it decides not to …

AVIATION DIGEST | JARED KALERA |  The news from the aviation world has in the past two years been particularly depressing.  Almost every player globally has been crying, supposedly due to the effects of the COVID-19 pandemic on the industry. Do not be fooled however. Losses in the airline business did …

Kampala, Uganda | THE INDEPENDENT | A sobering analysis of Uganda’s businesses during coronavirus crisis shows that at least 100,000 formal jobs have been cut revealing the scale of the carnage the virus has had on employment. Also, at least 4.4 million workers in the informal sector will either see their …

Kampala, Uganda | THE INDEPENDENT | As most businesses scratch for options on how they will cover for losses incurred as a result of coronavirus disruption, it has emerged that insurance providers may not be a run to option. This according to several players in the industry is because COVID-19 …

Kampala, Uganda | THE INDEPENDENT | Payment of traders who made losses in South Sudan is pending Cabinet approval. Last year, Parliament approved a select committee report recommending payment of Ugandan traders in South Sudan who lost their goods when unrest broke out in 2012. The move will see a …

Kampala, Uganda | THE INDEPENDENT  |  Drug manufacturer Cipla Quality Chemicals has announced a loss of 14.5 billion Shillings for the period from April to September 2019, underscoring the struggles the drugmaker is going through. This is a significant drop from the 3.3 billion Shillings profit announced for the period between …

Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …

BoU, UEDCL and Mandela National Stadium listed amongst those in red Kampala, Uganda | JULIUS BUSINGE | Uganda’s state-owned enterprises seem to be bleeding.  The latest Auditor General’s report shows that five out of the 29 state owned enteprises recorded losses in the recent two consecutive years. They include; Bank of …