Bharti Airtel Africa, one of the leading telecommunications service provider with operations in 15 countries across Africa and BCS with support from Facebook will undertake a fiber project in North Western Uganda. According to a February 17, 2017 statement from Airtel, the fiber ring of 770km, when completed later this
Read More
Revenue Authorities in Kenya, Uganda and Rwanda have officially unveiled a Regional Electronic Cargo Tracking System (RECTs) enabling them to jointly track movement of goods from port to destination electronically; that is from Mombasa Port to Kampala and Kigali. The US$4.4 (UShs1515.7bn) Million System was unveiled on Friday February 24,
Read More
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
Read More
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
Read More
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
Read More
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%
Read More
A fake financial institution defrauding Ugandans of their hard earned money has been revealed. According to the Bank of Uganda (BoU), Uganda’s Central Bank, “ONE COIN DIGITAL MONEY” is not licensed by the BoU under the Financial Institutions Act, 2004, and is thefore conducting business outside the regulatory purview of
Read More
