The Uganda shilling maintained a firm stance, with a bit of volatility mid-week due to a slight pickup in demand but thereafter, improved inflows helped to cushion the unit during the week ending 24th February 2017. Trading remained in the range of 3580/90, similar to the previous week. According to
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Uganda Telecom Ltd (UTL), the oldest telecom firm in Uganda is increasingly getting troubled following the quitting of its top managers. In a February21, 2017 press statement, UTL revealed to the public that a number of its top employees had ceased being part of the company and they were therefore
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Etihad Airways Engineering has signed an agreement with Kenya Airways to perform mandatory checks on its Boeing 787-8 fleet. This is part of an integration programme for the newest additions to the airline's fleet. The first of six scheduled Boeing 787 C-checks begins this month, with the last one planned
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African Gold Refinery (AGR), the first and biggest gold refinery in East and Central Africa has officially opened in Uganda. Uganda’s President Yoweri Museveni launched the Entebbe based refinery on February 20, 2017. In his remarks, Museveni stressed the critical importance of value addition, noting that AGR’s state-of-the-art refinery will
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On Febeuray23, 2017, Bonney Katatumba, a prominent businessman in Uganda and Honorary Consul of Pakistan in Uganda was pronounced dead. Katatumba succumbed to complications arising from Asthma and Pneumonia after he had undergone a colon cancer operation at International Hospital Kampala (IHK). But what will he be remembered for?Katatumba was
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Failure to implement existing laws have played a big role in the slow growth of Uganda’s insurance industry, players say. According to the Uganda Insurers Association (UIA), non- enforcement of the compulsory insurances; Motor Third Party Insurance, Workers Compensation Insurance and Marine Insurance have seen Uganda lag behind her counterparts
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There are people who have such an unrivalled passion for traveling and seeing the world that if you asked them to drop whatever they are doing and go to another country, they will do so with enthusiasm. These very people will traverse the globe, going where the tide leads them
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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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