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...
Bank of Uganda Governor Tumusiime Mutebile in exercise of its powers as receiver, under Sec 95(1)(b) of FIA, has confirmed that the institution has conveyed embattled Crane Bank's assets to the Development Finance Company of...
The managing director of the International Monetary Fund is making her first visit to Uganda to encourage the global community to support a country whose economy is attempting recovery from lower than anticipated growth in...
President Museveni has commissioned an ethanol distillery at Kakira Sugar Factory in Jinja on Monday. The $36 million facility established by the Madhvani family will produce 20 million litres of ethanol annually. Kakira Sugar also...
Seven men armed with rifles recently raided President Yoweri Museveni’s farm in Kisozi, Gomba District, stealing his cows and killed one guard next to renegade Gen. David Sejjusa’s farm. According to one of the policemen...
The Kampala-Entebbe Expressway Project has recognized and awarded up to 30 Ugandan employees working with the Project, for their outstanding contribution to the implementation of the new 51.4 kilometer road. Kampala-Entebbe Expressway Project is being...
Six years after Hima Cement invested $120 million in the Rwenzori Project, installing the production line at its Hima Plant that increased production capacity to 0.9 Mt per annum, they broken ground on the construction...
Authorities in Agago District, Northern Uganda have said a by-law slapping a total ban on the consumption of alcohol packed in sachets locally known as waragi has shown tremendous results. The timely disappearance of sachet...
Uganda is a very young country with about 78 percent of the population below the age of 35 and yet they have the highest unemployment rate in the country. Having helped over 8,000 Ugandan youth...
As members of Parliament on Wednesday resume the debate on Genetically Modified Organisms (GMOs), sharp criticism has emerged with the public fighting against the passing of the bill into law. The Science and Technology committee...
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