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Tag Archives: Uganda

BATU profits down 50%

Sale of leaf business takes toll as Tobacco Control Act also gets set to bite By Patrick Kagenda In December last year, British America Tobacco Uganda (BATU) issued a public statement warning shareholders and potential investors that their profits would be significantly lower (by about 20%) than the previous year’s …

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The Chinese imports scourge

Govt, manufacturers tussle as cheap Chinese imports supplant local content at big infrastructure projects Abid Alam, the proprietor of Steel Rolling Mills, knows who is responsible for the predicament facing the manufacturing sector – the government, which has failed to enforce guidelines that contractors undertaking the ongoing big infrastructural projects …

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MTN’s MoKash to the rescue

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

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Hepatitis: Ignored killer

Patients go without drugs as billions are spent on vaccines World Hepatitis Day was marked on July 28 under the theme, `Know hepatitis Act now’. It was designed to focus this year’s activities on increasing global awareness and strengthening prevention, diagnosis, and treatment services around the world. The increased focus …

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BOXING: Briton too good for Uganda’s Katende

Rio de Janeiro, Brazil | AFP and Agencies |  A light heavyweight prospect who chose Britain over Ghana to pursue his Olympic dreams clocked the first knock-out of the Rio Games boxing after pulverising his outclassed opponent on Sunday. Joshua Buatsi, 23, who was born in the Ghanaian capital Accra, …

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Uganda’s much-discussed bailout

On March 31 2016, the total value of all loans in Uganda’s commercial banking industry was Shs21.7 trillion of which Shs528 billion were non-performing loans (or “bad loans”) i.e. 2.64% of the total. Under the effective oversight of Bank of Uganda, especially its director for supervision; Justine Bagyenda (known in …

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Museveni tours Chad oil facilities

President Yoweri Museveni started his two-day visit to Chad by touring their oil facilities on Sunday. In N’Djamena for the swearing-in ceremony of President Idriss Deby to his fifth term in office, Museveni jumped on a helicopter to inspect the country’s oil refinery. Over 15 heads of state are expected to …

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