On behalf of the U.S. Government, the United States Agency for International Development (USAID) will contribute approximately $194 million over a five year period to shared development goals, deepening the partnership between the two organizations.
The suspension of trading in shares of Umeme Limited (UMEM) was lifted today at the Uganda Securities Exchange following the exit of former majority stakeholder, Umeme Holdings Limited, a subsidiary of the UK-listed private equity investor Actis.
Uganda’s economy is not in recession and has remained resilient despite several unfavourable conditions, finance minister Matia Kasaija told Parliament today as he delivered a statement on the state of the economy.
Circulation figures for the third quarter of this year show a decline in the total circulation of the two major English dailies – New Vision and Daily Monitor – and a pick up for Bukedde, the Luganda daily published by Vision Group (NVL).
The Uganda Securities Exchange will lift the trading suspension on Umeme Limited this Wednesday, 16 November following the sale of the power utility’s shares by its former majority stockholder, Umeme Holdings Limited.
Stanbic Bank, Uganda’s leading financial institution, emerged the proud winner in three prestigious categories at the 2016 Financial Reporting (FiRe) …
The National Social Security Fund will become the majority shareholder in electricity distributor Umeme (UMEM) after agreeing to buy 121.82 million shares from Umeme Holdings Limited for Shs59.4 billion.
Stanbic Bank Uganda, a key long term partner and supporter of the MTN Kampala Marathon, has made a significant contribution of Shs225 million towards this year’s efforts to improve access to sustainable sanitation for the urban poor.
The insurer is seeking to raise Shs7.25 billion in a public offering that will run to 14 April, 2017. It is offering 724,900 ordinary shares at Shs10,000 per share to Ugandan saccos and cooperatives.
Annual headline inflation slowed to 4.1% for the year ended October 2016 from 4.2% in September, according to data from the Uganda Bureau of Statistics. Core inflation however rose to 5.1% year-on-year from 4.1% (revised) in September.