Companies

CompaniesPolitics & Policy

Chinese firm wants $33m for termination of Kilembe mines deal

Tibet Hima Mining Company, the embattled Chinese company whose 25-year to operate the cobalt and copper Kilembe mines in Kasese district was cancelled last October, is seeking at least $33m in damages
Companies

Vodafone network to be switched off as it starts bankruptcy process

Vodafone Uganda will start bankruptcy proceedings by switching off its network, the telecom company said in an email to customers on Thursday
CompaniesCorporate earnings and resultsMarkets

BAT profit rebounds on higher prices, lower costs

An increase in the prices of its cigarettes due to a rise in excise tax and lower operating costs saw British American Tobacco Uganda improve profitability in 2017, financials released by the company on show
CompaniesDigital Economy

URA, Stanbic Bank launch online tax payment platform

Uganda Revenue Authority and Stanbic Bank launched an online platform on Monday that makes it possible for taxpayers to make payments using bank cards and mobile money
Companies

Stanbic Bank off-grid power financing set to power rural Africa

With just 14% of the Ugandan population able to access grid electricity, new off-grid energy solutions have the potential to provide a lot more of the country’s currently marginalised rural population with access to affordable electricity
CompaniesDigital Economy

Taxify’s first month in Kampala: the battle for riders is first a battle for drivers

Taxify was welcomed by both riders and drivers, who were happy that the entrant had shaken up things in the taxicab sector. But it's discount - popular with riders - was soon seen as a problem by the drivers
Companies

Stanbic Bank cuts prime lending rate

Stanbic Bank Uganda is cutting its prime lending rate from 18% to 17.5% for loans in Uganda shillings, in response ...
A Stanbic Bank branch in Kampala
Companies

Sam Kutesa ‘looking to sell his stake in Enhas’

Foreign Minister Sam Kahamba Kutesa is seeking to sell his stake in Entebbe Handling Services, the ground-handling company at Entebbe International Airport, industry sources told Uganda Business News
CompaniesPolitics & Policy

Government to convert Shs200bn UTL debt into shareholding

Uganda plans to convert part of its debt in Uganda Telecom Limited into shares as part of a plan to increase its shareholding in the troubled company
Companies

Stanbic Bank granted first bancassurance license

Stanbic Bank has become the first bank in Uganda to be granted a bancassurance license by the Insurance Regulatory Authority of Uganda
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