Safaricom’s Little Cab launches into Uganda market
Little Cab, the Safaricom-backed ride-hailing company, officially launched in Kampala on Thursday. It is one of the latest cab-hailing apps in the Uganda market
Uganda Business News
Petroleum Fund assets rise to Shs422.9bn
The Petroleum Fund, where revenue from all petroleum-related activities is deposited, is valued at Shs422.9bn as at 31 December 2017
Bank of Uganda governor remarks at Africa Blockchain Conference
Remarks by Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda At the Africa Blockchain Conference Serena Hotel, Kampala May 23, 2018 …
Centenary Bank 2017 profits drop 8.8%
Centenary Bank made a net profit of Shs100.3bn after tax in 2017, dropping 8.8% from the previous year’s Shs109.9bn
Presidential term limits: slippery slope back to authoritarianism in Africa
There is mounting concern in Africa about a lack of leadership as well as an increasing trend of hard-won democratic rights being reversed. One way this is being done is through presidential term limits being abandoned, or extended. This in turn is leading to a reemergence of authoritarian politics, and political violence
Agriculture ministry needs Shs10bn more to fight crop diseases and pests
The ministry of agriculture, animal industry and fisheries says it requires about Shs12.5bn to effectively sustain the fight against a plague of crop-destroying fall armyworm caterpillars that have ravaged gardens in the countryside
Finance Trust doubles net profit after a difficult 2016
Finance Trust Bank has reported a 131% increase in after-tax profit after a difficult 2016
International investment funds biggest winners in Umeme dividend payments
International investment funds – with the exception of the National Social Security Fund – will be the biggest earners from the Umeme Ltd dividend payout
Barclays Africa to become Absa Group after shareholders approve name change
Barclays Africa Group Ltd shareholders on Tuesday approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of Africa’s largest re-brand projects
Economy expected to expand on better weather and increased public investment
Uganda will experience more growth due to rains that have increased agriculture output, a stronger global outlook, and the development of oil infrastructure as the country prepares for commercial petroleum production, the World Bank said on Tuesday