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Tag Archives: Julius Businge

Stanbic’s new revenue stream

The bank is eyeing fin-tech, insurance, fund management and stock brokerage cash Kampala, Uganda | JULIUS BUSINGE | On April 10, Stanbic Bank might have given hope to its shareholders that they will earn more money in the near future estimated to be more than Shs300bn in net profit. The …

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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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