Stanbic Bank and traders under the umbrella body, Kampala City Traders Association (KACITA), recently signed what they described as a ground-breaking trade and tax partnership pact that will ease the clearing of their imports. Stanbic Bank and KACITA say their…
Uganda has secured a new market for its milk in Zambia following a long unresolved impasse with Kenya which was the largest market for Uganda’s exports. Since December 2019 when Kenya authorities ceased at least 3000 bags of powdered milk…
In a highly anticipated event, MTN Uganda’s youth platform, MTN Pulse yesterday on the 24th October 2021 unveiled a partnership with seasoned fashion mogul, Santa Anzo through her establishment ARAPAPA by Santa ANZO to mentor and equip the youth with…
It is as fresh as an oven-baked cake that MTN Uganda has offered over 4.5 billion shares to the public for acquisition. The offer signifies that the public can now become shareholders of MTN meaning they will own part of the…
MTN Uganda in partnership with SIMFY, the developers of Ayoba, has launched a campaign dubbed ‘Life inside Ayoba’ that will see Ayoba users sending MTN MoMo for free to fellow Ayoba users. Introduced to the Ugandan market last year, Ayoba,…
Uganda Revenue Authority (URA) has missed its target for the first quarter of the financial year 2021/22 by Shs 499.49 billion. Out of the Shs 4.959 trillion target set by government, the tax body managed to collect Shs 4.459 trillion. However,…
ACCA Uganda and Deloitte have officially unveiled the 5th (2021) edition of the Chief Financial Officer Awards to be held on December 09th, 2021 under the theme, “Finance leaders as drivers of sustainability.” The launch of the awards strategically coincides…
When MTN announced that it would be selling shares to the public last week, it emphasized that Ugandans would take priority. The telecom even revealed some incentives that Ugandans would enjoy in form of bonus shares in addition to taking…
Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…
MTN recently announced that 4.5billion shares are up for grabs in the company, which will see Ugandans move from only being customers to becoming shareholders. In this article, we’ll give you a step-by-step guide on how to apply for the…
Huawei has today, on the 21st October 2021, kicked off the 2021 edition of the Seeds for the Future training program in a virtual event. The launch was been officiated by H.E Ambassador Mugisha Fred the Deputy Head of missions…
On September 8th, 2021, Parliament adopted a raft of recommendations to revive the economy, currently battered by the Covid-19 pandemic, key among which is the implementation of a Tourism Development Levy. “The Committee proposes a levy of $10 to be…
Stanbic Bank Uganda has taken control of petroleum products distributor MOGAS after the latter reportedly failed to pay back a three-year loan. The bank immediately put the company, whose full name is: Maestro Oil and Gas Solutions under receivership to…
On Wednesday, 13th October 2021, United Arab Emirates-based investor, Majid Al Futtaim, announced that through his supermarket brand Carrefour will be taking over all Ugandan retail stores operated by Shoprite Checkers Uganda Ltd, as they exit the country. Majid al…
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…