Kampala, Uganda | THE INDEPENDENT | Shareholders of Stanbic Uganda Holdings are set to receive up to 280 billion shillings in total dividends payout for the year ending December 2023. This is a record-high payout, and it is 45 billion shillings higher than last financial year’s payment. The payment arises from …
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Kampala, Uganda | THE INDEPENDENT | Francis Karuhanga is the new Chief Executive Officer of Stanbic Holdings Uganda Ltd replacing Malawian executive, Andrew Mashanda. Mashanda joined SUHL in November 2020. Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, says that Karuhanga will take over office effective January 1, …
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Kampala, Uganda | THE INDEPENDENT | A section of former Makerere University students has petitioned the high court challenging Convocation elections held in December last year. The petitioners led by former contestants Robert Rutaaro, Gerald Karuhanga, and Charles Odongtho through their lawyers of Elgon Advocates are seeking the nullification of the elections, arguing that they didn’t follow established …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s top business leaders have today issued a statement in full support of Uganda’s Lake Albert Oil and Gas Development project. “We give our unreserved and wholehearted, support for the responsible development of the natural resources Uganda is endowed with, including the associated construction of …
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| THE INDEPENDENT | A new study has found that 23% of cigarettes sold in Uganda appear to be illicit, indicating unfair competition to the established tobacco products dealers and loss of revenue to government. The findings based on the BAT Uganda’s approved study that was carried out in the …
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Kampala, Uganda | THE INDEPENDENT | Cigarette dealer, British American Tobacco Uganda, will pay its shareholders Shs 209per share, translating into Shs 10.2billion as dividend. This is nearly 50% lower compared to Shs 19.9billion paid in 2020 due to a drop in profit. BATU pays 100% of its profit as …
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Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …
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Uganda is ranked one of the most entrepreneurial countries in the world, according to the Global Entrepreneurship Monitor Kampala, Uganda | THE INDEPENDENT | Private sector players have asked government to expedite the formulation and implementation of a National Startup Policy in order to address major impediments to the growth of …
Read More »Top executives at PSFU, Centenary Bank and NSSF share ideas Kampala, Uganda | JULIUS BUSINGE | These are tough times. New strategies have to be designed and implemented by business managers to achieve success during and post-COVID-19 era. This was the general message that came out of the speeches of …
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Tough times ahead as miscalculated spending, political activities and coronavirus threaten fast recovery of economic activities Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy has been on a recovery path following the easing of COVID-19 pandemic lockdown restrictions, but the uncertainty surrounding the upcoming general elections is the latest concern, economists …
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The Independent Uganda: You get the Truth we Pay the Price