Companies

Companies

Paint turf wars take new twist, as Plascon executive is arrested over Sadolin comments

On Saturday, Police arrested a Kansai Plascon sales executive for what the spokesperson of the Criminal Intelligence and Investigations Directorate, Vicent Ssekate, said was offensive digital communications in relation to Sadolin Paint
CompaniesDigital EconomyTechnology sector

Andela, start-up connecting African coders to global tech firms, raises $40 million

Andela, a startup that trains software developers in Africa and connects them to global technology firms, has secured $40 million in Series C funding that it says will be used to fuel its aggressive expansion plans
CompaniesMarkets

Vision Group profits plunge after it raises provision on debt

New Vision Printing and Publishing Company Ltd said its after-tax profit for the year ended 30 June 2017 had fallen sharply after a decline in revenue and a "huge" provision for doubtful debts
CompaniesDigital Economy

No more Shs3000 trips: Uber increases minimum fare

Uber in Uganda has increased the minimum fare for trips following increased driver discontent
CompaniesDigital Economy

Ride-sharing app Taxify plans Kampala launch

Taxify, an Estonian ride-hailing app, has launched a trial of its service in Kampala, the seventh African city it is expanding to
CompaniesMergers & Acquisitions

Nakumatt in partnership talks with rival Tuskys – reports

Nakumatt, the troubled Kenyan supermarket chain, is in talks with Tuskys, another Kenyan retailer, to allow Nakumatt restock its supermarkets and return to stability
CompaniesDigital Economy

For banks, the phone is replacing the bricks and mortar branch

Branch network is one of the metrics banks usually use to measure success. The more successful a bank, the more branches across the country. That, however, may be changing as digital banking and agency banking take root in Uganda's banking sector
A poster of Stanbic Bank Uganda's FlexiPay platform, a digital option for paying school fees
CompaniesMarkets

Dfcu to raise Shs200bn in rights issue

Dfcu Limited, the holding company of dfcu Bank, announced Monday that it expects to raise Shs200 billion by selling new shares in a rights issue to settle a shareholder loan
CompaniesProperty

Shoprite is moving into the space vacated by Nakumatt at Acacia Mall

Shoprite is opening its third Ugandan store at Acacia Mall, Kisementi, two years after closing an outlet in Nalya
Acacia Mall in Kamwokya, Kampala, one of the properties managed by Knight Frank
CompaniesDigital Economy

Uber drivers are using screenshots to cheat riders

Sources close to Uber Uganda say that it has discontinued two drivers so far for using screenshots when charging riders
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