Uganda Clays Limited Tuesday said high costs incurred while trying to improve production efficiency and the increase in fuel prices, which pushed up distribution costs, offset higher sales in its most recent financial year
The Ugandan unit, alongside the Nigerian operation, was one of the group’s worst performing subsidiaries. In both 2018 and 2017, Alexander Forbes reported an operating loss of ZAR3m (Shs934m in 2018 and Shs804.4m in 2017) for its operations in Uganda
The ongoing standoff between Uganda and Rwanda, which saw the latter closing its borders in late February, has hit Ugandan exports to its south-western neighbour, recent data show
Historically, cities have been the drivers of productivity and engines of economic growth. But urbanisation in many sub-Saharan African countries is not delivering the benefits of people and firms clustering together
Uganda’s merchandise exports surged in March on a spike in gold shipments, bringing down the merchandise trade deficit to its lowest level in fourteen months
Growth in bank lending to the private sector was unchanged in March on an annual basis, but posted the fastest monthly rate in six months, Bank of Uganda figures show
Josephine Wapakabulo has said that she will resign as chief executive of the Uganda National Oil Company on August 13, after just three years in the position, according to a letter addressed to Unoc’s board chairman
More popular than his party for the first time since Nelson Mandela in 1994, and more trusted than the leaders of the opposition, Ramaphosa can claim to have saved the ANC’s bacon in the 2019 general election
The IMF is optimistic about Uganda’s prospects over the next five years but says more social spending is needed to fight unemployment among youths and women
Stronger customer demand drove up new orders for Ugandan companies last month, and helped to mitigate the effects of a border dispute with Rwanda as business activity rose to a three-month high