Also, the company said that it was unable to collect some debts, resulting into an increase in credit loss and interest. This is the second time in a row that Cipla is announcing disappointing results after listing on the Uganda Securities Exchange in September 2018.
BOU Deputy Governor Dr Louis Kasekende said the central bank is pleased to confirm that effective today, what was previously known as Barclays Bank Uganda will become Absa Bank Uganda.
Mombasa is particularly important destination for business people in Uganda. Three quarters of goods destined for Uganda dock at Mombasa. Many business people fly there whenever their goods dock or have a problem to sort. The coast if also an important tourist destination for Ugandans
In a copy of the extraordinary general meeting that was held at Ministry of Finance headquarters on Friday, the members resolved that the administration of UTL be extended for a year effective November 22, to allow for the completion of the audit exercise by the Auditor General as per the order of court.
Uganda Securities Exchange (USE), Executive Director Paul Bwiso, said there is money out there but investors want to know what a company’s prospects are, and ownership structure, yet many companies in Uganda don’t want to disclose much about their operations.
It is not yet clear by what margin the cost of premiums will raise but several players said insurers will seek to transfer cost of investigation and allowance for fraud to innocent customers
In the suit, a group of Civil Society Organizations dragged the two authorities to the Civil Division of the High Court in May this year seeking judicial review of the procedures they used in conducting public hearings of the Tilenga Project Environment and Social Impact Assessment (EIA) Report. They want NEMA report approving the project cancelled for violation of environmental and human rights.
Justice Musa Ssekaana of Civil Division of High Court on Tuesday dismissed the application filed by Alcohol Association of Uganda and 38 Companies led by Nile Breweries Limited-NBL arguing that courts cannot grant an injunction which will have the effect of suspending the operation of the legislation.
This afternoon, Fred Tumuheirwe Turyamuhweza, the Rujumbura County MP, said government had gone silent on the bill yet several farmers are suffering exploitation.
In a letter to customers last Friday on 1 November 2019, Jubilee Insurance said it was terminating services of 23 hospitals from Kampala and surrounding areas.
Dr. Rosette Namulindwa, a Specialist Obstetrician/ Gynecologist at Mulago Specialized Women’s and Neonatal hospital, asks women to avoid using intimate washes to cover up health conditions that they might be suffering from.
In an October 28 letter to the used car dealers association chairman Syan Sajjad Pervaiz, URA Commissioner for Customs Dickson Kateshumbwa said bonds that stay with the cars will not be licensed to operate next year.
The order, which became public on Wednesday issued by commissioner domestic taxes Henry Saka, had raised dust among entities with some saying the threshold was small. Also that requiring tax certificate means an extra layer of bureaucracy.
Benson Turamye, the executive director of Public Procurement and Disposal of Public Assets authority (PPDA), said on Thursday that the system, which was expected to start running on 1st August, 2019, has only achieved 67% in terms of development.
Kasaija, who spoke at the 2019 public procurement sector performance review conference in Kampala on Thursday, said at times government signs for loans for projects before the procurement process, money lies idle on the account for years as government agencies move back of forth trying to finish the process to award the contract.
In September, President Museveni stopped the tendering process for the proposed expressway as a public-private partnership (PPP) and instead invited a Chinese company, China Railway 17th Bureau Group Company to lead the project.
