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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President Paul Kagame of Rwanda, his AU reform advisory team and close to 40 African Ministers of Foreign Affairs met on Monday in Kigali, Rwanda, to discuss the implementation of the African Union (AU) reforms adopted in January 2017. In July 2016, at the 27th African Union Summit, member States
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Siemens will work more closely with the African countries Uganda and Sudan in the areas of power supply, industry, transportation and healthcare. The African states signed the corresponding Memoranda of Understanding (MoU) at the World Economic Forum 2017 in the South African city of Durban. The documents were signed in
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There are many unexploited business opportunities in Uganda. And for Assad Kisekka, opening up a poultry butcher was the unexploited idea that he decided to venture into. Kisekka aka ‘Owenkoko’ is a popular figure in Bweyogerere town, Wakiso District, thanks to his poultry butcher known for selling Turkey (Ssekoko) meat.
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The Uganda National Roads Authority (UNRA) management led by its Executive Director, Allen Kagina is in panic over failure to absorb Shs212bn in the previous budget. This state of affairs has seen the roads agency rush to Parliament to request for the reallocation of the said funds before the financial
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Geocycle, an international waste management firm has launched in Uganda with the aim of providing a solution to waste management that leaves no residue. Under the Geocycle brand, the LafargeHolcim Group offers waste management services in over 50 countries around the world. “Our promise is to offer a superior solution
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Makerere University and top 35 government of Uganda entities risk their budgets for 2017/18 not being passed if a report by the Equal Opportunities Commission (EOC) is anything to go by. Sylvia Ntambi, the chairperson of the Equal Opportunities Commission asked the Parliamentary Budget Committee not to approve the budgets
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