British American Tobacco Uganda (BATU) net profit have reduced by 25% to Shs7.8bn in 2016, down from Shs10.4bn recorded in 2015, thanks to the tough economic situation in 2016. Its profit before tax stood at Shs11.1bn, down from Shs11.9bn in 2015. The profit relate to cigarette business only owing to
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The Uganda shilling remained stable amidst muted demand as most corporates stayed out of the market focusing on mid-month tax obligations during the week ending 17th February 2017. Trading was in the range of 3580/3590. In the Treasury bill auction, yields slightly dropped to trade at 12.546%, 12.910% and 13.850%
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Many potential investors are stuck with their money for they don’t know where to invest it! There are a number of investment opportunities that can make huge returns on investment that are not properly told. Investing in government Treasury Bills is one of the investment opportunities smart investors should consider
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A fake financial institution defrauding Ugandans of their hard earned money has been revealed. According to the Bank of Uganda (BoU), Uganda’s Central Bank, “ONE COIN DIGITAL MONEY” is not licensed by the BoU under the Financial Institutions Act, 2004, and is thefore conducting business outside the regulatory purview of
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Agribusiness is increasingly becoming lucrative in Uganda. And a number of unemployed Ugandans are embracing agribusiness for income generation, while the employed ones are into farming to supplement their earnings. For updates and latest info about COVID-19 situation in Uganda, visit https://bit.ly/2WKANNF It is important to note that 69.4% of
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Uganda’s Central Bank, the Bank of Uganda (BoU) has said delayed payments by government to its suppliers have greatly contributed to the increasing Non-Performing Loans (NPLs) in the banking industry. This is contained in the Financial Stability Report (FSR) for the year to June 2016 released on January 02, 2017.
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