Business activity rebounds from election hit
The end of the election season and preparations for a wider school return were behind a rebound in business sentiment last month, according to a monthly survey
Uganda Business News
Core and overall consumer prices gain modestly in February
Inflation in Uganda rose for the third time in as many months, pushed up by a slower decline in food prices, according to data from the Bureau of Statistics
Central bank holds interest rates at record low, extends relief measures
Bank of Uganda said it was keeping its central bank rate unchanged and extending its credit relief and liquidity assistance measures for businesses and financial institutions for six months starting 1 April
BAT Uganda profits rise sharply on lower operating costs
British American Tobacco Uganda reported its strongest growth in profits in three years as cost-cutting measures in response to the Covid-19 pandemic more than made up for the hit to cigarette sales
Why companies go public – and emerging offer trends
The IPO is the first part of a company going public; public companies can access the stock market to raise money from investors in exchange for the promise of future profits and returns
Uganda private sector activity drops the most since June – survey
Business activity in Uganda dropped for the first time in seven months in January due to the election period, with companies experiencing a slump in new orders and a decline in activity, according to a key survey
Government and Total sign key oil pipeline agreement
The Uganda government and Total, the French oil major, on Friday signed the host government agreement which will govern the East Africa Crude Oil Pipeline project
Makerere University designed low-cost air quality monitor with cash-strapped African cities in mind
Low-cost air quality monitor designed by Makerere University was optimised to help African cities, with limited resources and poor infrastructure, to measure and track air pollution trends
Cnooc opts out of Tullow-Total deal
The China National Offshore Oil Corporation on Tuesday notified Tullow Oil Plc and Total SA that it will not acquire a stake in Tullow’s assets in Uganda
How to protect Covid-19 response funds from looters
According to the United Nations Office on Drugs and Crime, up to 25% of global procurement funding is lost to corruption. With billions of dollars flowing into African countries to support their Covid-19 responses, there is an urgent need to ensure that the money goes where it is intended