SAP has announced the launch of its SAP Rural Sourcing Management solution, connecting smallholder farmers and suppliers in rural areas with the supply chain of global agribusinesses and consumer products companies. SAP Rural Sourcing Management is an integrated, cloud-based solution running on SAP Cloud Platform. This solution enables Agribusinesses as
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Plans and procedures for acquisition of Crane Bank Rwanda by Commercial Bank of Africa (CBA) are at an advanced stage with the deal expected to be completed soon, reports say. The sale of Crane Bank Rwanda comes months after the parent firm, Crane Bank, was sold to Dfcu Bank, both
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Consumers of alcohol and cigarettes are set to spend more come July1, 2017 when the 2017/18 budget takes effect after Parliament Okayed government proposals to increase taxes on the said items. According to the Excise Duty Amendment Bill 2017 that was tabled by the Ministry of Finance, Planning and Economic
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Ecobank Uganda posted profits for the first time since joining the Ugandan market in 2008. The bank made a net profit of Shs813m in 2016, up from a loss of Shs764m in 2015. The bank also saw its loans advanced to customers slightly increase to Shs117.3bn, up from Shs116.9bn in
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On Tuesday, Sydah Bbumba, who was the Minister of Energy and Minerals from 2002 to 2006 admitted that she signed Production Sharing Agreements without thoroughly reading through the documents of the deal that cost Uganda US$157M (over Shs570bn) Bbumba who had appeared before the Parliamentary Committee of Commissions, State Enterprise
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By Godfrey Kenneth Gobba There is no such thing as job security because like it or not, one day you are going to lose your job. You could get fired or laid off or you could resign or even eventually retire but you would still have lost your job anyway.
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Fresh details have emerged surrounding the controversial collapse and eventual sale of Crane Bank to dfcu bank, Business Focus reveals. For the first time, the Bank of Uganda (BoU) and Ministry of Finance have spoken out on the reported Shs200bn government apparently injected in Crane Bank in order to save
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National Water and Sewerage Corporation (NWSC) assets have hit Shs1.2trillion, Business Focus reveals. This was revealed by Eng. Silver Mugisha, the Executive Director at NWSC while meeting employees of Kampala Water at the Information Research Centre (IREC) in Bugoloobi over the weekend. He noted that the Corporation’s assets have increased
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Hima Cement has launched this year’s Builders’ Academy Program aimed at widening the skill set of masons, foremen and contractors. Through a series of workshops dubbed the ‘Hima Cement Builders Academy’, masons are trained on issues such as concrete mixing ratios, site management, contracts costing and site safety. This year
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The collapse of Crane Bank and its eventual controversial sale to dfcu bank is far from over as many questions remains unanswered. The latest is that Parliament wants the Executive to explain circumstances surrounding the capitalisation and sale of Crane Bank, owing to the fact that prior to its sale,
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