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Nov 3707 results
12:08
12:08

Cipla Quality Chemicals Issues Profit Warning emmanuel katongole 1 Top story

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.
18:14
18:14

Absa Uganda Receives License from Bank of Uganda 1

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.
15:51
15:51

Uganda Airlines Completes Maiden Flight to Mombasa 1

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
11:15
11:15

Post Bank Gets New Managing Director 1

Kakeeto has been heading Kololo-headquartered Orient bank for the four and half years and is credited for turning the bank profitable.
12:42
12:42

Gov’t to Appoint New UTL Administrator Ministry of finance 1

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.
14:48
14:48

Governance Problems Obstructing Long-Term Financing for Ugandan Companies 2 1 Top story

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.
17:11
17:11

Insurance Premiums to Increase As Players Cater for Fraud insurance fraud 1 3

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
07:07
07:07

Court Adjourns Case Against NEMA, Petroleum Authority of Uganda 3 1

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.
18:30
18:30

Court Dismisses Application Challenging Implementation of Digital Stamps URA Digital stamps 1 Top story

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.
17:33
17:33

URA Locks Horns with Traders Over Paying Taxes at Port of Entry 3 1

The traders had demanded the URA commissioner for customs Dickson Kateshumbwa shows up at the meeting but he snubbed them.
16:20
16:20

Government Given Two Weeks to Return Sugar Bill zoning 3

This afternoon, Fred Tumuheirwe Turyamuhweza, the Rujumbura County MP, said government had gone silent on the bill yet several farmers are suffering exploitation.
19:55
19:55

Hospitals Face Termination By Insurance Companies Over Fraud insurance fraud 1 Top story

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.
09:04
09:04

Medics Caution Women On Vaginal Washes 7 1 Top story

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.
18:31
18:31

Manufacturers Given Up to End of January to Have Digital Stamps URA Digital stamps 2 1

The first goods expected to have stamps are beer, wines, spirits, sodas, bottled water, and cigarettes.
15:09
15:09

Car Dealers Have Two Months to Sell off 15-Year-Old Cars 1 Top story

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.
11:41
11:41

URA Back Tracks on Tax Certificate to Transfer UGX 50m Abroad doris akol 1

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.
07:19
07:19

E-Government Procurement System Still Has Gaps- PPDA 2

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.
14:08
14:08

Gov’t Losing Billions in Procurement Delays – Kasaija 2 1

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.
12:30
12:30

Slow Success Card Business Worries Vendors UNEB 2019 1 3

With national examinations underway, success cards a tried and tested method t
07:35
07:35

Gov't Yet to Decide on Jinja Express Highway Financing Parliament 2 1 Top story

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.
Nov 3707 results