Umeme Ltd has recorded Shs99.7bn net profit in 2016, down from Shs105.8bn recorded in 2015. This represents a decline of 5.8%. This is contained in the company’s financial results for the year ended December 31, 2016 released on Monday. The directors have recommended a final dividend of Shs7.8 per share.
Read MoreFeatured
Arua Member of Parliament, Morine Osoru, has been elected President of the Forum of Young Parliamentarians of the Inter Parliamentary Union (IPU). Osoru was elected on Sunday, after beating competition from Russia and Zambia, says a Monday, April 03, 2017 press statement from Parliament of Uganda. The legislator is part
Read MoreAgency Banking: Stanbic Bank To Recruit 1,000 Agents
Stanbic Bank Uganda (SBU) is set to recruit 1,000 agents as Ugandan banks ready themselves to embrace a new model of banking-agency (agent) banking, Business Focus has established. This was revealed by Patrick Mweheire, the SBU Chief Executive Officer at the side-lines of a press conference to announce the bank’s
Read MoreBy Peter Abaanabasazi Women are increasingly taking on business and managing them successfully. And while many civil servants and salaried people tend to believe that they cannot survive outside formal employment, Grace Koojo Akiiki, a resident of Kikwatamingo in Mparo division, Hoima Municipality has proved otherwise. Grace, the wife to
Read MoreUganda youth have scooped the 2nd position in Sub-Saharan Africa (SSA) in as far as betting is concerned, a latest report has revealed. According to a recent GeoPoll rapid survey carried out among youth between the ages of 17-35 in Uganda, Kenya, Tanzania, Ghana, Nigeria and South Africa, most youth
Read MoreThe Uganda shilling surrendered some ground, trading weaker due to uptick in demand from energy, telecom and import sectors during the week ending 31st March 2017. Trading was in the range of 3610/3620. In the fixed income market, Shs160billion was on offer. Yields dropped on the 91 and 182 paper
Read MoreUganda’s First Lady, Janet Kataaha Museveni on Wednesday revealed that she was shocked by the attacks mated on her by now controversial social media commentator, Stella Nyanzi. The First Lady Of Uganda (FLOU) who also doubles a s the country’s Education minister and a known Born Again Christian said she
Read MoreThere was drama in Parliament as Abdu Katuntu, the Chairman of the Committee Of Statutory Authorities and State Enterprises (COSASE) and Francis Atoke, the Solicitor General clashed over the expenditure of Shs11.9bn meant for the facilitation of the oil case between Heritage Oil and Uganda Revenue Authority (URA), leaving attendees
Read MoreThe following organisations seek to recruit qualified staff in areas of Finance, legal, engineering, pharmacy, administration, logistics, project management and medicine among others. For details and applications follow the links below; Refuge Law Project,http://www.refugeelawproject.org/work-with-us/job-vacancies Britam Insurance, http://Careers.britam.com World Food Programme, http://wfp.org/careers/job-openings Baylor International Pediatric AIDS Initiative (BIPAI),http://baylor-uganda.org/opportunities/ Mildmay Uganda, http://216.104.201.106:8080 LivingGoods,http://livinggoods.org/who-we-are/careers/
Read MoreThe ongoing Shs6bn presidential handshake by the Parliamentary Committee on Statutory Authorities and State Enterprises (COSASE) continues to unearth shocking information. The latest is that Uganda’s Ministry of Justice and Constitutional Affairs paid out Shs2.73bn to ghosts during the arbitration case between Heritage Oil and Uganda Revenue Authority (URA). Documents
Read More