Cipla Quality Chemicals warns 1H profit to drop
Drug maker says last year’s rise in profit for the same period was the result of the recovery of a previously written-off trade receivable
Uganda Business News
Parliament passes law giving government exclusive right to import fuel
MPs said the law will break Uganda’s dependence on Kenyan dealers who charge extra fees, leading to higher fuel prices
The Uganda Securities Exchange website has a serious malware problem
Hackers have hijacked the website of the Uganda Securities Exchange and are now using it to sell goods and link to counterfeit shops and gambling sites
As Agoa draws to a close in 2025, an expert takes stock of its achievements after 23 years
It seems that the African Growth and Opportunities Act boosted trade between the United States and every other eligible country, except for Uganda
Innovation should not be taxed, Museveni says as he promises support for start-ups
President says government will consider setting up a Sh500bn fund for science and innovation, and offer tax breaks for start-ups
Airtel stock subdued in debut week
Few takers for Airtel’s shares despite no shortage of offers, as IPO investors looked to cash in their bonus stock
Uganda refused use of Kenya’s pipeline in Vitol deal
Unoc failed to meet licensing requirements for certain annual petroleum sales in Kenya, operation of five service stations and a depot in Kenya
Merchandise exports surge in September as gold shipments rise
Trade deficit narrows to $296.4bn from $349.7bn the previous month
Olea Insurance expands into Uganda with Ballpark Insurance Group stake
Deal to buy Ugandan firm is latest move by French insurance broker to expand its African footprint, which now spans 25 countries
Lending to private sector accelerated to four-month high in September, BoU data shows
Private sector credit grew at its fastest pace in four months in September, providing a much-needed boost after a quarter in which the indicator recorded its slowest expansion since the second quarter of 2021