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Stanbic Bank cuts prime lending rate
Stanbic Bank Uganda is cutting its prime lending rate from 18% to 17.5% for loans in Uganda shillings, in response ...
November 30, 2017
Companies
Sam Kutesa ‘looking to sell his stake in Enhas’
Foreign Minister Sam Kahamba Kutesa is seeking to sell his stake in Entebbe Handling Services, the ground-handling company at Entebbe International Airport, industry sources told Uganda Business News
November 27, 2017
Companies
Politics & Policy
Government to convert Shs200bn UTL debt into shareholding
Uganda plans to convert part of its debt in Uganda Telecom Limited into shares as part of a plan to increase its shareholding in the troubled company
November 16, 2017
Companies
Stanbic Bank granted first bancassurance license
Stanbic Bank has become the first bank in Uganda to be granted a bancassurance license by the Insurance Regulatory Authority of Uganda
October 25, 2017
Companies
Paint turf wars take new twist, as Plascon executive is arrested over Sadolin comments
On Saturday, Police arrested a Kansai Plascon sales executive for what the spokesperson of the Criminal Intelligence and Investigations Directorate, Vicent Ssekate, said was offensive digital communications in relation to Sadolin Paint
October 16, 2017
Companies
Digital Economy
Andela, start-up connecting African coders to global tech firms, raises $40 million
Andela, a startup that trains software developers in Africa and connects them to global technology firms, has secured $40 million in Series C funding that it says will be used to fuel its aggressive expansion plans
October 10, 2017
Companies
Markets
Vision Group profits plunge after it raises provision on debt
New Vision Printing and Publishing Company Ltd said its after-tax profit for the year ended 30 June 2017 had fallen sharply after a decline in revenue and a "huge" provision for doubtful debts
October 8, 2017
Companies
Digital Economy
No more Shs3000 trips: Uber increases minimum fare
Uber in Uganda has increased the minimum fare for trips following increased driver discontent
October 4, 2017
Companies
Digital Economy
Ride-sharing app Taxify plans Kampala launch
Taxify, an Estonian ride-hailing app, has launched a trial of its service in Kampala, the seventh African city it is expanding to
October 2, 2017
Companies
Mergers & Acquisitions
Nakumatt in partnership talks with rival Tuskys – reports
Nakumatt, the troubled Kenyan supermarket chain, is in talks with Tuskys, another Kenyan retailer, to allow Nakumatt restock its supermarkets and return to stability
September 18, 2017
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