Roofing tiles maker Uganda Clays Limited (UCL) returned to profitability in the first half of 2016, posting a Shs1.3 billion ($0.38 million) profit reversing a similar loss from the same period in 2015, according to unaudited financials released by the firm.
The Ministry of Energy and Mineral Development has granted eight oil production licences to Tullow Uganda Operations Pty Limited and Total E&P Uganda B.V., according to a statement released by the ministry.
A letter circulating on social media shows that Stanbic Bank apologised to the minister. Signed by the bank’s CEO, the letter conveys “my sincere apologies for inconvenience and embarrassment this incident might have caused you.”
A coalition of several groups and non-profit organisations on Tuesday protested outside the London headquarters of two British banks they say do business with Bidco Africa, which they accuse of cutting down forests and “human rights and tax violations.”
MTN Uganda shrugged off a difficult last quarter of 2015 to grow its subscriber base by 10.8% to just under 10 million customers in the first six months of 2016, interim half-year results by parent company MTN Group show.
Dfcu bank on Friday released provisional half-year results showing a 70.71% growth in net profit and 20.08% growth in net income. Net profit for the period was Shs23.32 billion compared Shs13.66 billion for the first half of 2015.
African policy makers are increasingly called on to use evidence-based research to inform development decisions. But this requires the rigorous collection of data as well as a coordinated system to disseminate it.