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The News Today

NIC’s remarkable profit growth

Oil and gas, agriculture and bancassurance to define 2018 performance Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurer, National Insurance Corporation Holdings popularly known as NIC, has recorded a remarkable growth in net profits for 2017 owing to an increase in commission and fees, incomes as well as again of its …

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New tactics boost BATU fortunes

Kampala, Uganda | ISAAC KHISA | A rise in price of cigarettes and change in distribution channel have helped British American Tobacco Uganda Limited (BATU) record growth in net profit amidst tough tobacco regulation. Mathu Kiunjuri, the managing director BATU, told shareholders during the Annual General Meeting held at the …

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Why Muslim profiling could backfire

Attack on Usafi mosque: Why Muslim profiling could backfire Kampala, Uganda | RONALD MUSOKE | It was a nondescript mosque only noticeable because of its makeshift mabati walls in the congested Kisenyi slums, a notorious suburb of Kampala city. But when police raided Usafi Mosque on April 27, allegedly while …

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PICTORIAL: Museveni makes nostalgic visit to Mozambique

PICTORIAL: President Yoweri Museveni has concluded a three-day visit to Mozambique, whose highlight was a visit to the legendary Montepuez Barracks where Museveni led 28 FRONASA youth in training in 1976. Museveni’s trip to Mozambique was partly to thank  the Mozambique Liberation Front (FRELIMO) for their role in the liberation …

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Uganda Clays steady profit growth

Competition from other clay products makers threatens its further increase in sales Kampala, Uganda | ISAAC KHISA | Clay products maker, Uganda Clays Limited (UCL), has recorded a steady profit growth for the second year running citing increased marketing and the decision by the majority shareholder, National Social Security Fund, …

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