East African Breweries limited (EABL) has posted a 27.7% drop in net profit to Ush189billion for the half year ended December 2016 compared to Ush 265 billion posted in the same period in 2015. The...
Uganda Police Inspector General Kale Kayihura’s brother-in-law Emma Ngonga is among the gang that was arrested after being suspected of orchestrating the theft of Shs530 million from Finance Trust Bank. In what has been dubbed...
After traders at Elegu near the Uganda-South Sudan border in Amuru district counting losses when fire gutted their business premises, a new Shs9 billion market is set there to built where Ugandan traders and their...
Year after year, there are continued allegations of fraud at the National Social Security Fund (NSSF) and members who contribute to the Fund get worried and frustrated. That the current NSSF leadership has stayed clear...
Negotiations have been initiated by wholly-owned Kenyan bank KCB Uganda days after Uganda Revenue Authority (URA) blacklisted them and advised their clients to seek services from other banks available on its portal. According to reports...
Soft drinks giant Coca-Cola has agreed to pay more than three billion dollars to recently-merged AB InBev for control of Africa’s biggest soft drinks bottling company, both companies said Wednesday. On merging with SABMiller in...
The central bank has cut its benchmark rate by 100 basis points to 12 percent, saying slowing inflationary pressure gave it room to ease monetary policy. The Central Bank on Wednesday announced a slash in...
Another day, another set of frustration, problematic Crane Bank is back in the news. Just four months ago, embattled Crane Bank owner and property mogul Sudhir Ruparelia tried to shed past local authorities and sale...
As the health of Uganda’s economy remains a subject of public debate, nothing is more telling of the hard times than Uganda Revenue Authority apparently in distress slashing taxes on cars previosuly its collection cash...
A power technician works on a faulty line in Kampala. (File Photo) National power distributor Umeme Ltd has shown again how it is not just a banter company but rather an attractive investment and announced...
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