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Quality Chemicals plans IPO?

Ugandan bourse managers say pharmaceutical firm’s latest plans no different from past claims The Kampala-based pharmaceutical firm Cipla Quality Chemical Industries Ltd, often called just Quality Chemicals Ltd, has once again signaled intention to offer shares to the public in an Initial Public Offer (IPO). The subsidiary of Indian drugs …

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UEGCL and UETCL take charge of Karuma, Isimba

Uganda’s generation and transmission firms UEGCL and UETCL have taken over administration of mega power projects Karuma and Isimba. “Glad to inform that this morning I received, on behalf of @UegclP , the Deeds of assignment for Karuma and Isimba,” tweeted Harrison Mutikanga, Uganda Electricity Generation Co.Ltd (UEGCL) CEO. The …

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Tough festive business

Food prices remain high as service companies offer cuts The end of year festive season is coming during tough times and businesses need to devise new ways of reaching out to old customers and attracting news ones, according to Charles Ocici, the executive director of Enterprise Uganda, a UNDP sponsored …

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Kenyan cooperative insurer makes bold move in Uganda

CIC Insurance Group seeks Shs7.25billion in share offer to fund expansion Regional insurance firm, CIC Africa Insurance holds just 0.01% of Uganda’s insurance business but it has signaled its determination to change that with plans offer shares to selected Ugandan cooperatives and Savings and Credit Cooperative Societies (SACCOS). The plan …

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COMMENT: Uganda’s economic development question

COMMENT: By Geoffrey A Onegi-Obel The capital markets industry offers solutions for the country’s middle income economy challenge There has recently been an endless flow of ‘brilliant’ opinions about the way forward for Uganda’s ailing economy but none has so far had clarity that demonstrates understanding of the Economic Development …

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Uganda’s political parties share Shs3 billion

The Ministry of Finance, Planning and Economic Development has confirmed it has released Shs3billion for political parties with representation in Parliament. The Electoral Commission Spokesperson Jotham Taremwa said the money had been wired to four political parties that are also members of the Inter Party Organization for Dialogue (IPOD). National …

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Legislators task Muhakanizi on contingency fund

Due to the increasing number of Ugandans facing starvation, the Parliamentary Public Accounts Committee (PAC) has tasked the Ministry of Finance, Planning and Economic Development to quickly operationalize the contingency fund to cater for emergencies. This was revealed when Keith Muhakanizi, the secretary to the Treasury appeared before the committee  to …

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Uganda marks World Diabetes Day

Uganda has joined the rest of the world to mark the World Diabetes Day. Speaking to journalists, Health Minister Dr. Jane Ruth Aceng said 80% of Ugandans are suffering from diabetes yet unaware. The country is estimated to have more than 500,000 people living with the disease. This makes them …

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