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Tag Archives: Julius Businge

Umeme’s surprise profit growth

 Company expects more revenue from government’s free connection policy Kampala, Uganda | JULIUS BUSINGE | Power distributor, Umeme Limited recorded a 70% jump in profit after tax for the year ended December 2018 compared to the previous year. This came after the company settling a conflict regarding a specific clause …

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$567million Isimba dam switched on

  Private sector players ask for affordable electricity to power industries Kampala, Uganda | JULIUS BUSINGE | On March 21, President Yoweri Museveni commissioned the Isimba Hydropower Dam, adding 183MW to the national grid. But the private sector, who consume most of the electricity accounting for 20% of their production …

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Online cargo clearance dividends

Coffee companies reap from URA’s Electronic Single Window System Kampala, Uganda | JULIUS BUSINGE | Coffee exporters are now realising the benefits of the Electronic Single Window system that was unveiled across the region four years ago. The Electronic Single Window is a computer aided system that enables companies to …

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Kenya’s pension firm enters Uganda’s market

Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …

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BATU records Shs13.7bn net profit

Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …

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