The Goldenberg scandal in the early 1990s is Kenya’s largest documented gold fraud. The scheme involved Goldenberg International Limited, which pretended to export gold and diamonds, and in exchange received substantial…
In bid to curb climate change effects in Uganda, CEOs have been urged to integrate sustainable practices in their business model to avert risks associated with climate change. The call…
Centenary Bank has been recognized and awarded as the best bank at the 30th Global Finance awards. In a grand celebration held alongside the IMF World Meetings in Marrakech, Morocco,…
By Norman Kretzmer Every business depends on a web of relationships with numerous suppliers, service providers, advisors, clients, business partners, employees, shareholders, and other stakeholders to carry out its operations….
Uganda Breweries Limited (UBL)will expand its Farm for Success, previously Local Raw Material, program from the current 35,000 farmers to 50,000 farmers. The move has been necessitated by the firm’s…
Castrol and RUBiS Energy Uganda have partnered to launch Castrol oil lubricant products in Uganda. The lubricants, which will be sold at over 54 RUBiS Energy Uganda stations countrywide, are…
Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower…
On a country specific level, the United Arab Emirates remained Uganda’s largest destination of exports during the month accounting for 21.9% of the total value of merchandise exported.
URA customs officials in Jinja have confiscated a consignment of 500 bags of cement that were being smuggled in two trucks. The officials got intelligence that a notorious cement smuggler…
