As Ugandans struggle to take in the controversial Shs6bn handshake, the Ministry of Energy seems to have been rocked with another scandal. Business Focus has established that documents showing proof of payment of oil revenues by oil companies have disappeared with no trace from the East African country’s Ministry of
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Standard Chartered Bank Group recently made changes in its top management. Herman Kasekende, the pioneer Ugandan to head Standard Charted Bank Uganda (commonly referred to as StanChart) in 100 years was moved to Standard Chartered Bank Zambia as CEO and Managing Director, ending his four and half year tenure at
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Unemployment and underemployment are undoubtedly a global problem, and it is expected to worsen given the increasing use of technology that reduces the need for human labour. In Uganda, unemployment has been described as a ‘time bomb’ given the fact that youth unemployment is estimated at over 60%. Away from
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On October 20, 2016, Uganda's Central Bank, the Bank of Uganda (BoU) announced that it had taken over the management of Crane Bank Ltd after the bank became “a significantly undercapitalized institution.” On February 27, 2017, BoU announced the takeover of the now defunct Crane Bank by dfcu. However, a
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Uganda has for many years been ranked as a top tourist destination in the world. However, tourism numbers have remained relatively low, implying that the East African nation is yet to fully utilize this opportunity to cash in on its God-given resources and endowments. In an exclusive interview with Business
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The government of Uganda has in the past few financial years allocated more funds to the coffee sector. However, some Ugandans are yet to appreciate the fact that coffee can transform Uganda into a middle income country if the sector is given due attention and the ongoing campaign well implemented.
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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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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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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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