Friday , March 29 2024
Home / Business (page 519)

Business

Business news

Museveni woos British investors

  London, UK | THE INDEPENDENT | President Yoweri Museveni has made a passionate plea to the British business community to invest in Africa and in Uganda in particular. He said the British they have the capital, skills, entrepreneurship and knowledge to make profit while the continent needs to create …

Read More »

IMF warns of ‘somewhat’ greater global financial risk

New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …

Read More »

US-China trade war sparks IMF global growth cut warning

Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …

Read More »

Telecom listing

Good idea but needs to be cautiously handled Kampala, Uganda | JULIUS BUSINGE | Uganda’s plan to have telecom companies list on the stock market is a goodstep towards inclusive growth but should be handled cautiously to avoid discouraging investments. Financial and economic experts who spoke to The Independent said …

Read More »

Cipla joins stock market

Company’s IPO was the most efficient with less than 5% of advertising and promotional budget compared to previous offers Kampala, Uganda | JULIUS BUSINGE | Shares of Cipla Quality Chemicals Ltd started trading at the Uganda Securities Exchange on September 17, making it the first drug maker in the region to …

Read More »

Revamping NSSF Pension Towers

The project cost goes up 57% to Shs410bn Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund (NSSF) will resume the construction of its Pension Towers on Lumumba Avenue in Kampala before the end of this year. The project was halted nearly seven years ago citing influence peddling in the …

Read More »

Uganda clays profit tumble

How management intend to turnaround performance going forward Kampala, Uganda | JULIUS BUSINGE | The rise in revenue expenditure and emoluments for staff cut the profitability of Uganda Clays Limited (UCL) for the last six months ending June 30, 2018. However, the company eyes a bright future due to new outlets …

Read More »

New paint battle

Crown Paint, Sadolin, in direct attack on Plascon Kampala, Uganda | ISAAC KHISA | The ‘paint war’ is heating up as two brands – Regal paints and Sadolin – fight the new entrant, Kansai Plascon, to gain a significant market share. Plascon, which acquired the assets of the holders of Sadolin …

Read More »