Real Gross Domestic Product fell 1.3% year-on-year in the third quarter of financial year 2015/2016, compared to a 2.1% growth in the second quarter, according to data from the Uganda Bureau of Statistics.
The CBD is losing out to new properties in neighbouring locations like Bukoto, Bugolobi, Nakawa and Nakasero, which is where most renters are preferring to set up their offices.
You could choose to pay one month’s rent in Naguru. Or pack your bags to Kiwatule and lock down a three bedroom for four months.
The two most indebted firms on the list, which we are republishing, owe Shs201 billion each, while the third most indebted has outstanding loans of Shs120 billion.
Total Uganda is a downstream petroleum company and a subsidiary of the French multinational, Total S.A. In 2010, the company established an oil and gas exploration affiliate, Total E&P Uganda.
Vivo Energy Uganda is a subsidiary of Vivo Energy Investments BV, which markets and distributes Shell petroleum products in Africa. It launched in Uganda in 2013, taking over Shell’s business.
MTN Uganda provides mobile and fixed telecommunications, mobile financial services and data services. The company has a market share of 51.1% and approximately 9 million subscribers as of December 2015.
The Nigerian entered the insurance industry in 1983 with Sakiina Insurance Brokers in Nigeria. Folayan has a BSc in Insurance from the University of Lagos and an MBA from the University of Ilorin, Nigeria.
At the meeting that announced Inholo’s appointment, it was reported that the roofing tile maker had made a half-year loss of Shs2.4 billion. UCL went on to announce a record loss of Shs5.2 billion for 2014 and his task was clear: restructure the company and return it to profitability.
Babungi is the first Ugandan to head the power distribution utility. He joined Umeme in 2006 as credit control manager after six years at Ernst & Young, rose to area manager and later chief financial officer before his current post.