Opportunity Bank Uganda has been acquired by the MyBucks Group, a Luxembourg-based financial technology (fintech) company that has operations in ten other African countries. MyBucks announced the acquisition in a statement.
Vodafone’s unlimited plans will no longer be available after 31 October, a company representative told Uganda Business News. The telecom is now offering three new additional monthly plans: 20GB (at Shs220,000), 40GB (Shs330,000), and 80GB (Shs450,000).
The Uganda Revenue Authority cleared less motor-vehicles into the country in 2015/2016 than it did in 2014/16. The decline was due to a big fall in the number of used vehicles cleared; new vehicles cleared and taxes from car imports rose, however.
Electricity in the last three months of this year will cost an average of 0.53% less than it did between July and August, a tariff schedule released by the Electricity Regulatory Authority on Monday shows.
What if you were asked to choose between contributing to the NSSF and investing in the stock market? Your first concern would be the rate of return of either investment. We set to find out, looking at data from the last six financial years.
If you took out a 30-year mortgage for the cheapest of NHCC’s available projects, the two-bedroom unit in Mbarara which costs Shs199 million, you’d have to pay Shs3.5 million per month. A 15-year mortgage for the same unit costs Shs3.6 million per month.
de Loppinot came to Uganda from the Egypt office where he had led Total’s take over of Shell. He has worked with Total for over 15 years, and has been head of Total E&P Uganda since September 2015.
The government plans to take full control of the National Housing and Construction Company, eleven years after selling a minority stake in the company to the Libyan government, Chris Baryomunsi, the state minister for housing told Parliament on Thursday.
Profit before tax was flat at Shs7.4bn and the company had Shs5bn in cash and cash equivalents, down from Shs10.7bn at the end of last financial year. Cash from operating activities moved significantly from Shs14.1 billion in FY2014/15 to Shs2.5 billion.
The partnership will see the two companies capitalising on each other’s strengths. Jumia Food has probably the only decent business-to-consumer delivery operation in Kampala which will help Monitor, while Jumia is eyeing Monitor’s wide online reach.