On 30th August 2019, the URA Board of Directors approved the Lifestyle Audit Policy to combat corruption and illegal acquisition of property. Lifestyle Audit is the process of analyzing a person’s living standards to establish if it is consistent with…
The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Spanning a single network that includes Uganda, Tanzania, Kenya and South Sudan, the Borderless Banking solution has…
Absa Bank Uganda has partnered with the Uganda Institute of Information and Communication Technology (UICT) to provide ICT skills training to youth in vocational institutions around the country. The training is accredited by Amazon Web Services (AWS) following a partnership…
Cipla Quality Chemical Industries Limited, has announced that it will pay dividends in 4 years since it was listed on the Uganda Stock exchange. In the results for the financial year ending March 31, 2022, Cipla posted a profit after…
The Uganda Tourism Association (UTA) has called for the establishment of a committee to lead the return of Ugandan artefacts from foreign museums. Herbert Byaruhanga, the President of UTA made the call on Tuesday, 30 August 2022, as he and…
Six years ago, Motorcare appointed Florence Sempebwa-Makada as their Managing Director, the first Ugandan and first woman to hold the position. She’s still the only woman today in the country. She ascribes her success to meticulous preparation and thorough knowledge…
Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is…
Liberty General Uganda and Multilines International Limited have launched the Marine and Cargo Insurance in a bid to serve more clients in line with their needs, the two companies have said in a joint statement. This follows the announcement by…
Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives said the profits will be used to pay…
Chipper Cash, a cross-border payments app, on Monday, 29 August 2022, joined Uganda Securities Exchange (USE) as a trading participant. USE is a central place for trading of securities by licensed brokers It provides a platform for raising of capital…
According to a USE report, Umeme traded 37.6 million shares, taking 37.53 percent of the volume of sold shares while the company’s share price also slightly improved. Umeme shares were the most traded on the Uganda Securities Exchange (USE) in…
Byenkya, Kihika & Co. Advocates at this year’s Uganda Law Society (ULS) Annual Law Conference held at Speke Resort Munyonyo had all the bragging rights as they gathered three awards. Ebert Isaac Byenkya, the Founding Partner took home the “Distinguished…
Uganda Clay Limited (UCL) has reported a 3% growth in revenues for the last six months to June due to improved production efficiencies and continued cost management measures put in place. The listed clay products manufacturer at the Uganda Securities…
Some 40% of Uganda’s adult population is unbanked. Stanbic is determined to drive down these numbers through a number of initiatives. Emma Mugisha, executive director and head of Business Banking at Stanbic Bank Uganda, believes that mobile money represents a…
RUBiS Energy Uganda, one of the leading oil and gas companies in the country, has today announced the rebrand and launch of its convenience stores tailored to serve both long-distance travelers and those within the cities. The rebrand of the…