Tag Archives: Patrick Kagenda

Despite a notable decline in profits, the Vision Group will pay its shareholders a dividend of Shs 50 per share, which translates into a total of Shs 1.4 billion. The dividend, which will be paid on or before Jan 18, 2017, is a little higher than the Shs 35 the …

The first week of October has not been smooth sailing for the Uganda shilling.  By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …

Unfavourable economy forces NSSF to cut interest rate for first time in six years For every Shs 1 million you have saved with the National Social Security Fund (NSSF), Shs 123,000 has already been credited to your account as interest payment. Of course this is lower than the Shs 130,000 …

URA at 25: Experts salute URA but warn of a mountain to climb to lift tax:GDP ratio from miserable 12% On September 20, Uganda Revenue Authority (URA) across the country replaced their shirts and tops with T-shirts inscribed with the words: “Believe there is good in the world” and headed …

Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …

UEGCL: Company injects Shs 500bn into Karuma, Isimba dam construction The Uganda Electricity Generation Company Ltd (UEGCL) has finally broken its longstanding loss-making trend and registered a substantial profit. According to their 2015 performance report issued at the annual general meeting on Sept.15, the company announced a net profit of …

There were ripples in the financial services sector recently when reports emerged that Crane Bank is in negotiations with a buyer. This is the second biggest indigenous bank and the country’s fourth largest bank by assets. ‘It’s owner and founder, Sudhir Ruparelia, is arguably the region’s richest man. Why would …

Civil Society Organisations (CSO) have petitioned the World Bank over its poor portfolio performance in Uganda. CSOs Uganda Debt Network, Anti-Corruption Coalition, Action Aid Uganda and Civil Society Budget Advocacy Group said, the information and data available indicates that as of April 2016, both the World Bank and Uganda are not as …

UMEME: NSSF to reap Shs 2.5 billion in dividend payment for first half of 2016 Utility company Umeme has released their 2016 half year results, which indicate that there was a significant revenue growth but an attendant rise in cost of sales means that there will be less profits for …

  Ugandan clay products manufacturer to partner Rwandan market leader in bid to be real regional player Kajjansi-based Uganda Clays Limited is in plans to enter the Rwanda clay products markets in a bid to position itself as a leading regional clay products manufacturer. The company, which from July 27-August …