Dr Ben Mugasha’s Bemuga Heavy Equipment in 2012 lost eight million dollars in an oil sector linked transaction which failed to materialize. But this did not discourage him, a renowned dealer in the transport industry...
The National Social Security Fund has officially commissioned the construction of the 2,740 unit, housing project in Lubowa, Wakiso district in its continued effort to expand its investment portfolio to give its members more competitive...
Civil Society organizations have joined the push for the revival of the defunct Uganda Cooperative Bank. The Bank, which provided low-interest loans to farmers through cooperative societies, was wound up in 1998 amid reports of...
Embattled Kampala Lord Mayor Erias Lukwago says Ugandans are not putting enough pressure on President Museveni’s plan for the country’s oil wealth because “he is not understandable,” the politician said. Museveni and his entourage today...
With an expanding Uganda presence, Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of VCS Group, post the earlier acquisition...
Astute business leader Mr. VG Somasekhar is returning to Kampala as Airtel Uganda Managing Director, the country’s second biggest telecom service provider has announced. Mr. Somasekhar is widely remembered for leading Airtel from December 2010...
Since introduction of mobile money in Uganda by Bank of Uganda (BoU) in 2009, there has been financial inclusion with millions of people acquiring mobile money accounts. Today, transactions this year hit Shs44 trillion and like...
The Uganda Chamber of Mines and Petroleum (UCMP) has reelected Hon Dr Elly Karuhanga for a new 2-year term as Chairman, following a June 30, 2017 annual general meeting (AGM). But the appointment of Uganda's...
Uganda Revenue Authority has climbed the ladder in the World Customs Organisation (WCO) hierarchy. Commissioner General URA Doris Akol’s Customs team leader, Mr. Dicksons Kateshumbwa on Monday received instruments of power from his South African...
The Retirement Benefits Sector Liberalization Bill, 2011 that has been trying to dissolve the National Social Security Fund (NSSF) monopoly and government’s public pension scheme will be withdrawn from Parliament following pressure from President Museveni...
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