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
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More
Uganda’s commercial banks have been releasing their 2016 financial results in the past few months as prescribed by the law. Business Focus has critically analysed the results of the 24 banks, taking into account key performance parameters such as profits, customer deposits, loans advanced to customers, bad loans written off,
Read More
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
Read More
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.
Read More
