BAT Uganda’s half-year profits rebound on lower costs
British American Tobacco Uganda, the country’s biggest cigarette importer and distributor, posted a bounce back in its half-year profits following the regularisation of its costs.
Uganda Business News
Zimbabwe’s historic elections: Change, but no change
Both presidential candidates and political parties in Zimbabwe’s election promised peace and a new beginning. But, when the chips were down and the votes began to show a familiar trend of Zanu-PF dominance, both parties resorted to old tactics.
Anthony Thompson named as new World Bank Uganda country manager
Anthony Thompson has been appointed as the new country manager of the World Bank in Uganda, replacing Christina Malmberg Calvo whose assignment ended on July 31 2018, according to a statement from the country office
BRICS summit: Productive, but not bold enough in challenging global order
The BRICS summit communique makes clear that some solid work was done and that the participants agreed to undertake some useful initiatives. But on some issues, it’s clear that the leaders resorted to vague statements that hide their real differences.
Museveni calls 1% mobile money tax a mistake, orders for refund of deductions
First, President Museveni reduced the mobile money tax from the initial 1% of all transactions to 0.5% on transactions other than deposits. Now, he’s explained his directive – calling the 1% levy a “mistake” and ordering a refund for those taxed at that rate
Uganda is “strategic” to France companies — Veolia Water CEO
Uganda is host to several large French companies not because of its conducive business environment but because of its strategic location
Good news for the economy as lending to real estate grows faster
Private sector credit growth improved slightly in April, showing its best year-on-year rate in 24 months, figures published by the central bank show
Central Bank changes pricing system for government debt
The Bank of Uganda has announced a change in the pricing of government debt in primary auctions from the current multiple prices to a single price, according to a statement issued on Monday
Uganda orders four planes to kick start flag carrier
The government says shuttered national carrier, Uganda Airlines, will resume operations this November with flights to neighbouring countries
Central Bank governor responds to criticism of BoU management
Bank of Uganda’s governor says claims that the Bank or its management are guilty of incompetence and are no longer up to the task of executing its constitutional mandate are not supported by evidence and should be treated with contempt