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…
Government will capitalize Post Bank by at least 400 percent to increase its share capital to Shs500b from Shs100b. Speaking during the bank’s annual general meeting in Kampala yesterday, Ms Evelyn Anite, the State Minister for Investment, said government had…
Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business generated Shs406.37bn as the life insurance business…
Stanbic Uganda Holdings Limited (SUHL) reported a half year profit-after-tax of UGX162billion ending June 30, 2022. This is up from UGX158 billion recorded during the same period last year, indicating a 4.7% improvement. Speaking during the presentation of the SUHL…
Uganda’s Stock market on Monday witnessed some trading activities which saw businessman Charles Mbire bolster his stake at MTN by acquiring additional 2,263,930 shares at a total cost of Shs 459,907,621.00 on the securities exchange. This is the second purchase…
As the final competition draws closer, excitement has remained a staple in the ongoing MTN-sponsored Tooro Masaza bicycle races. With 8 races successfully completed in eight of the nine counties of Tooro Kingdom, preparations for the final MTN Tooro Kingdom…
Victoria University and Stanbic Bank Uganda have unveiled to the students’ community a new financing scheme aimed at supporting blended learning by enabling students acquire laptops on hire purchase basis. The much sought-after scheme has been launched Monday August 22,…
The East African Crude Oil Pipeline secured lead insurers within the country with the approval of the Insurance Regulatory Authority-IRA. The IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega told journalists in Kampala that the insurance question around the project…