Tag Archives: Julius Businge

Implementation of the new law is a catalyst for bolstering growth of the sector Kampala, Uganda | JULIUS BUSINGE | The government expects to increase jobs in the minerals sector by 63% to 2.6million in FY2024/2025 from 1.6million reported in 2017/2018, according to Peter Lokeris, the state minister of minerals at …

Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …

The Fund targets to increase contributors from the current 10% to 50% of the country’s workforce during the same period Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund hopes to increase its assets from the current Shs 18.4 trillion to Shs 50 trillion by 2035, according to the Fund’s …

The target for revenue collection in the fiscal year 2023/24 has been set at Shs29trillion Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has reported Shs57bn as surplus revenue collected for the FY2022/2023, registering a big achievement given the recent years’ mixed performance that was dented by COVID-19 lockdowns and …

CSOs want government to renegotiate with the lender on funding key development projects Kampala, Uganda | JULIUS BUSINGE | Following the World Bank decision issued on Aug.8 to stop new public funding to Uganda in relation to the passing of the anti-homosexuality bill into law, a group of civil society organizations …

Experts want the government to offer incentives to bolster the sector’s growth   Kampala, Uganda | JULIUS BUSINGE | Private sector players have called on the government to offer incentives to players in the mining sector to bolster its growth and create opportunities. Frank Mugyenyi, Founder of Global Minerals Africa Development …

The Bank of Uganda data shows that the value of the country’s exports to South Africa continues to grow albeit at a slow pace Kampala, Uganda | JULIUS BUSINGE | South African businesses in Uganda and key local institutions including MTN Uganda, Absa Bank Uganda, Sanlam, Nile Breweries Limited, Stanbic Uganda …

Shareholders could earn Shs5.6 per share in September Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported an 18% jump in profit after tax to Shs228bn in the first six months of 2023 compared to Shs193bn reported in the same period last year. The company’s Chief Executive Officer Sylivia Mulinge …

The new technology will open doors to more investment, foster innovation and position Uganda as a digital country in the region Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has become the first telecom in the country to roll out 5G with the new network now available in the Lugogo and …

Kampala, Uganda | JULIUS BUSINGE | Less than half of local entities have data protection policies, strategies, and frameworks, a new report shows, signaling possible chances of data privacy breaches. The Ernst & Young (EY) report released in Kampala on July 18 following a survey of various entities including financial institutions, …