Sunday 19th of May 2013 05:01:14 PM
 
 
 
Home Business
Business

Stanbic, Umeme counters busy

Email Print PDF

Stanbic Bank and Umeme’s counters continued to record more volumes of traded shares today amid zero trading on the other 13 counters of companies listed on the Ugandan stock market, according to the Uganda Securities Exchange (USE) market report released on Jan. 10.

 

Umeme continues to dominate trading, share price remains flat

Email Print PDF

Umeme, which entered the Uganda Securities Exchange (USE) towards the end of last year has continued to record large volumes of traded shares in the last few days of trading compared to other companies on the Kampala bourse.

 

KACITA still chasing own bank

Email Print PDF

The traders under their umbrella organization, the Kampala City Traders Association (KACITA) are still looking forward to starting their own bank after commercial banks hiked interest rates to the highs that pushed some traders out of business last year.

Everest Kayondo, the chairman of the association told The Independent in an interview on Jan. 9 that they are finalising with a few “things” before they can officially launch the bank any time.

 

Samsung tips on performance of smartphone sales

Email Print PDF

Samsung Electronics is expecting to make a record profit for the quarter to the end of December, powered by growing sales of its smartphones, according to reports by BBC.

It said the company is estimating an operating profit of 8.8 trillion won ($8.3bn; £5.1bn) for the quarter, indicating a 90% jump from the same period a year earlier.

 

Trading figures up at USE

Email Print PDF

Official trading figures released this afternoon (Jan.8) by the Uganda securities exchange indicate that there has been an improvement in trading carried out on Jan. 8 compared to that of Jan. 7.

According to the report, the market recorded 752, 397 as the total number of traded shares on Jan. 8 with the turnover of Sh74million compared to 218, 080 shares traded on Jan.7 with the total turnover of Sh36million, indicating a jump in the number of shares traded in the two busy days of trading.

 

URA suspends clearing agents’ operations at Malaba

Email Print PDF

The Uganda Revenue Authority has reportedly suspended clearing agents’ operations at the Malaba border over their failure to renew their annual licenses.

Reports say the suspension has led to build-up of trucks, with fears that the traffic jam could extend several miles into Kenya. The move is hurting transporters and importers because their goods cannot be cleared. This has caused a delay in delivering goods to their intended destinations.

 

Uganda's sources of foreign exchange drying up, says expert

Email Print PDF

Uganda's sources of foreign exchange are drying up on nearly every front, posing a significant risk to the country's balance of payments position, said Dickson Magecha, Forex Trader at Standard Chartered Bank in a statement.

 

Oil governance and sober heads

Email Print PDF

Healthy public debate, building consensus, winning trust will determine if oil is a blessing or a curse

As the year came to a close, the acrimonious debate over Uganda’s nascent oil industry did not appear to show any sign of abetting. President Yoweri Museveni’s tongue lashing against some MPs, NGOs, and “some agents of foreign interests” whom he accused of trying to derail the oil production programme in the country, capped a tumultuous and eventful year for the oil sector.

Undoubtedly, the rancor particularly between civil society organizations and Parliament on one hand and President Museveni and the executive on the other, is expected to be extended into the New Year. The one unfortunate failing in the whole oil debate over the year was that of each side taking extreme positions at the expense of building consensus.

 

Pay TV headaches

Email Print PDF

Lack of legal framework, poor technology leave stakeholders frustrated as digital migration delays

When Moses moved into his new house deep in Mukono two months ago, he did not know that watching TV in his new home would become a nightmare for his young family. To his utter frustration, he tried everything to pick the TV signals to no avail.  The signals of his favourite TV stations kept playing ‘hide and seek’ until he decided to get connected onto GO TV – a digital TV service provider. However, on installing it, he realized that it was not relaying his favourite TV stations – TOP TV, Lighthouse TV, NBS and Star TV.

 


Page 10 of 85
 
 
 

Podcasts

Videos

You need Flash player 6+ and JavaScript enabled to view this video.





RECOMMENDED

Society
Checking and inflating tyre pressure Improper tyre pressure wastes fuel, wears out tyres and can lead to accidents Inflating your car’s tyres doesn’t really sound like a very daunting task. How difficult is it to stick an air pump i...
 

MOST READ

LATEST COMMENTS

Jordan 3 88 Says:
2013-05-19 09:34:20
or maybe something local likes a consignment shop. Some shops buy your old clothing or allow you to trade for other things in their store.

septic tank Says:
2013-05-18 08:15:43
Somebody necessarily help to make seriously posts I'd state. That is the very first time I frequented your website page and up to now? I amazed with the research you made to create this actual post ex

ON THE SHELVES
Banner
 

Cover: Muhoozi Project - The Inside Story.

News Analysis: DPP, Police row - A legal perspective.

Business: Few options for 2013/14 budget.


Name:

Email:

COMMENT
Free press for an engaged society Safe to Speak: Securing Freedom of Expression in All Media World Press Freedom Day is marked every May 3 to celebrate t...