Company News

NSSF MIDTERM ACCESS: Wait for Amendment Bill to become law, Fund tells members

CEO ReporterCompany NewsNews & AnalysisPolitics & GovermentAugust 6, 2021August 6, 2021

The National Social Security Fund (NSSF) will act on midterm access once the NSSF Amendment Bill 2019 becomes law. President Museveni ’s Wednesday pronouncement on the midterm access clause of…

Stanbic Holdings reports UGX155 bn in H1 2021 net profit, backed by innovative credit expansion to pandemic-hit economy

Muhereza KyamuteteraBanking & Financial ServicesBusiness & MarketsCompany NewsThe Big StoryAugust 6, 2021August 6, 2021

Stanbic Uganda Holdings Limited (SUHL), a member of the Standard Bank Group, has today released its H1 2021 results, reporting powerful performance across all business fundamentals, compared to the same…

Solomon Mathews Appointed new Chief Executive for Lycamobile Uganda

CEO ReporterCompany NewsNews & AnalysisAugust 5, 2021August 5, 2021

Solomon Mathews has been appointed Chief Executive Officer for Lycamobile Uganda. “We are pleased to announce the appointment of Solomon Mathews as Lycamobile Group’s Chief Executive Officer for the Ugandan Operation,” the…

Kenya’s Rosemary Kariuki appointed World Bank Country Director for Uganda

CEO ReporterCompany NewsNews & AnalysisAugust 4, 2021August 5, 2021

Rosemary Mukami Kariuki, a Kenyan National, has been appointed the new World Bank Country Manager for Uganda starting August 1, 2021. She will be based in Kampala. She succeeds Tony…

Arcades case: Landlords want KACITA to pay UGX200m in compensation

CEO ReporterCompany NewsNews & AnalysisAugust 3, 2021August 3, 2021

Crane Management Services Limited has filed a bill of more than UGX. 215 million as compensation for legal costs during the defence of the case against KACITA Uganda Ltd. The…

Excise Tax on Internet data hampers Uganda’s digital future

CEO ReporterCompany NewsThought LeadershipAugust 3, 2021August 3, 2021

By Dennis Kahindi Earlier this year, the Parliament of Uganda passed a 12% excise tax on Internet data, potentially hiking the prices for online access. This tax measure repealed the…

Sudhir opens up his Kampala shopping malls with tough Covid-19 SOPs

CEO ReporterCompany NewsNews & AnalysisAugust 2, 2021August 2, 2021

Property magnate Sudhir Ruparelia has opened up Kampala shopping malls under Crane Management Services (CMS) Limited and urged tenants and clients advised to strictly observe the Standard Operating Procedures (SOPs) put…

INNOVATING AHEAD OF THE VOLATILITY CURVE: 7 things every leader must know, according to UBL’s Alvin Mbugua

CEO ReporterCompany NewsNews & AnalysisThe Big StoryThought LeadershipAugust 2, 2021August 2, 2021

Alvin Mbugua spent the earlier years of his career in West Africa and East Africa before finding his way to South Africa. He knows too well what it is like…

Growth of Informal Alcohol Sector, Tough operating Environment see UBL post modest growth for FY2020/21

CEO ReporterCompany NewsNews & AnalysisAugust 1, 2021August 1, 2021

A tough operating environment and the growth of the Informal alcohol sector have stifled what would otherwise have been Uganda Breweries Limited’s excellent net sales performance  for the past financial…

Protect your Intellectual Property in order to gain from your creativity, URSB Registrar General tells Innovators

CEO ReporterCompany NewsNews & AnalysisAugust 1, 2021August 1, 2021

Transforming Uganda into a modern, prosperous society as laid out in the National Development Plan III will largely depend on how fast Ugandans can harness, protect and utilize intellectual property…