Bitature, South African lender fight over $30m property loan
A long-running fight between Ugandan businessman Patrick Bitature and Vantage Capital has gone a notch higher with the lender seeking to auction the jewels of Bitature’s real estate empire in Kampala
Umeme returns to revenue and profits growth
Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021
DRC is set to join the East African Community: what’s in it for everyone?
In February, East African Community ministers recommended the Democratic Republic of Congo’s admission. The decision is set to be formalised by the bloc’s presidents on 29 March
US sanctions Ugandan refinery over illicit gold trade
The United States has sanctioned a network of companies controlled by Alain Goetz, a Belgian businessman who owns a gold refinery in Uganda, for participating in the illicit trade of gold from the Democratic Republic of Congo
Green finance: laying ground for a low-carbon future
Climate change will have a significant impact on Uganda’s economy, which is over-reliant on natural resources. Primary sectors such as agriculture, water, energy, and fisheries are highly vulnerable