Sunday , August 9 2020
Home / Tag Archives: assets

Tag Archives: assets

Masaka Cooperative Union struggles to repossess assets

Masaka, Uganda | THE INDEPENDENT | The management of Masaka Cooperative Union is struggling to repossess its assets. The union which was established in 1951 by coffee farmers in the greater Masaka sub-region collapsed due to political insurgency in the 1980’s. Although the government offered to compensate the Union for …

Read More »

BP chief executive Dudley stepping down

London, United Kingdom | AFP |  BP said Friday that Chief Executive Bob Dudley, who oversaw the energy giant’s response to and recovery from the devastating Gulf of Mexico 2010 oil spill disaster, will leave next year. American Dudley, 64, will step down on February 4, 2020 and retire at the …

Read More »

Pension assets nearly double in three years

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …

Read More »

UTL ordered not to fire staff or sale assets

The parliamentary probe into the alleged mismanagement of Uganda Telecom Limited (UTL) has today grilled the company’s top managers. The probe heard of the mounting debts UTL is facing and the absence of audits. UTL owes Uganda Communications Commision (UCC) sh27 billion, and MTN Uganda sh3.5billion. The probe committee asked …

Read More »