Quality Chemical Industries gets new owner as Cipla exits
Africa Capitalworks SSA 3, an investment vehicle based in Mauritius, is the new majority shareholder of the pharmaceutical company
Uganda Business News
Coffee exports cool in October
Uganda’s coffee exports grew at the slowest pace in five months in October
Umeme COO to leave company
Umeme’s chief operating officer and executive director to step down from both roles after 11 years with the company
Uganda Securities Exchange weekly trade briefing
Shares worth Shs216.9 million of locally listed companies were traded on the Uganda Securities Exchange in the trading week to Friday, surpassing last week’s total of Shs141.7 million
Jubilee Health launches wellness initiatives to combat rising non-communicable diseases
Maisha FiTi provides support and guidance on physical and mental wellbeing, and is designed to meet the individual needs of each member
Uganda’s Sarrai buys Hima Cement from Swiss Holcim Group
Sarrai Group and another Ugandan company will own 100 per cent of Hima Cement and its Rwandan subsidiary once the transaction closes
DRC elections: Kabila’s legacy hangs over country’s vote
Former president Joseph Kabila remains a strong presence in Congo’s institutions — and that power will assert itself divisively if he decides to back a candidate ahead of the country’s December elections
Another reason to reform the World Bank: its private sector arm funds projects that fuel violent conflict
Study of International Finance Corporation projects between 1994 and 2022 shows that they lead to a significant increase in armed conflict events one year later
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
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