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Fitch affirms Uganda’s credit rating at B+, outlook stable
Fitch Ratings on Wednesday affirmed its B+ rating on Uganda, citing the country's high levels of infrastructure spending and its sound macroeconomic policy framework
August 4, 2016
Monthly Brief
Monthly Brief: July 2016
This brief is a roundup of the relevant and important political and economic developments that happened in July 2016.
August 1, 2016
Executive Profiles
Movers & Shakers
Executive Profile: Wim Vanhelleputte
Wim Vanhelleputte was appointed MTN Uganda's Chief Executive Officer at the end of July 2016, replacing Brian Gouldie who left after only two years on the job.
August 1, 2016
Companies
Movers & Shakers
MTN Uganda names new CEO
MTN Uganda, the country's biggest company by revenue, has appointed Wim Vanhelleputte as its new CEO, company sources told Uganda Business News. A formal announcement is expected to be made soon. The Belgian is expected to start work on August 1.
July 31, 2016
Politics & Policy
Travel & Tourism
There is no evidence that higher entry visa fees were affecting tourist arrivals
A year after government increased the single entry visa fee to $100 from $50, it reversed the decision. The new rate, $50, became effective on 22 July. Tourism operators and other stakeholders welcomed the announcement enthusiastically, saying it made Uganda more competitive in the region. But will the reduction in the fee increase the number of tourist arrivals?
July 30, 2016
Companies
Top 100 Taxpayers
Company profile: Uganda Breweries Ltd
Uganda Breweries Ltd is a beverage company. It is one of Uganda's largest breweries, manufacturing beers, spirits, and non-alcoholic beverages. It owns and markets a number of beers such as Bell Lager, Senator Lager, Pilsner Lager, Ngule, Tusker Lager, Tusker Lite, Tusker Malt Lager, Guinness.
July 30, 2016
Economy
Interest rate cut likely after July drop in inflation
Inflation fell to 5.1% year-on-year in July from 5.9% in June according to data from the Uganda Bureau of Statistics, setting the stage for a third consecutive rate cut when Bank of Uganda's Monetary Policy Committee meets in mid-August.
July 29, 2016
Data
Economy
Tax authority catches a cold as Uganda economy sneezes
Uganda Revenue Authority missed its tax collection revenue by Shs404.54 billion in the 2015/2016 financial year that ended in June, putting a number to the extent of the slowing economy.
July 29, 2016
Companies
Corporate earnings and results
Markets
BAT Uganda profits fall following major restructuring
British American Tobacco Uganda Limited reported a 52% decline in half year profits on Thursday, reflecting the change in its business model that saw the company discontinue its leaf business.
July 28, 2016
Energy, Oil & Gas
Tullow posts better-than-expected results, to press ahead with Uganda projects
Tullow Oil has announced an after tax profit of $30 million for the first half of 2016, defying analyst's expectations that low oil prices would hurt its bottomline.
July 27, 2016
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