News & Analysis

UGX1 billion or 15 year jail term for vandalism of electricity infrastructure

CEO ReporterNews & AnalysisApril 15, 2022April 15, 2022

A UGX1 billion fine or a 15 years jail term awaits anyone who is found guilty of vandalizing electricity infrastructure following the passing of the Electricity (Amendment) Bill, 2022. Members…

April 8 – April 15, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterBanking & Financial ServicesBusiness & MarketsNews & AnalysisApril 15, 2022April 15, 2022

The Uganda shilling traded with a mild appreciation bias following a dovish central bank monetary policy decision to keep the policy rate unchanged . The unit traded in the range…

RESILIENCE! Uganda Clays Ltd beats COVID-19 odds, increases 2021 revenue by 24%

Nelson NambooleCompany NewsNews & AnalysisApril 15, 2022April 26, 2022

The Directors of Uganda Clays Ltd have announced the condensed financial statements for the year ended 31 December 2021 indicating a steep growth of revenue despite Covid-19 challenges. In an…

PAU Clarifies on Reports about Air Pollution From The Tilenga Project Activities

CEO ReporterNews & AnalysisApril 14, 2022April 15, 2022

The Petroleum Authority of Uganda (PAU) has, through a statement clarified on reports about air pollution brough about by the Tilenga project activities being carried out in Buliisa District. PAU…

URSB Collects UGX45.78Bn in Non-Tax Revenue for July 2021 to April 2022

CEO ReporterCompany NewsNews & AnalysisApril 14, 2022April 17, 2022

The Uganda Registration Services Bureau (URSB) collected a total of UGX45.87 Billion in non-tax revenue for the period July 2021 to April 7th 2022 against a target of 45.57Bn for…

Uganda Coffee Exporters Tipped on How To Access China Market

CEO ReporterNews & AnalysisApril 14, 2022April 14, 2022

Uganda coffee exporters have met with Uganda’s Deputy Head of Mission to Beijing, China, Amb. Fred Mugisha, to strategize on how to penetrate the China market. The meeting held on…

Equity Bank Uganda to provide financial service solutions to Uganda National Oil Company in new MoU

CEO ReporterCompany NewsNews & AnalysisApril 14, 2022April 14, 2022

Equity Bank Uganda and the Uganda National Oil Company (UNOC) have signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of financing…

Vivo Energy Uganda launches new season of ‘Tweddeko’ road safety campaign

CEO ReporterCompany NewsNews & AnalysisApril 14, 2022April 14, 2022

In a bid to curb road accidents ahead of the Easter holiday, Vivo Energy Uganda has relaunched its award-winning road safety campaign, named ‘Tweddeko’ and donated a consignment of road…

Standchat partners with Challenges Worldwide, launches “Youth to Work” Phase III programme with an investment of UGX430 million

CEO ReporterCompany NewsNews & AnalysisApril 14, 2022April 18, 2022

Standard Chartered Bank Uganda in partnership with Challenges Worldwide, a Kampala-based business development consultancy have launched the scale-up of the Youth to Work (Y2W) phase III programme worth UGX430 million. The…

Critical Oil And Gas Infrastructure Almost Complete – PS/ST

CEO ReporterNews & AnalysisApril 13, 2022April 13, 2022

As Uganda gears up to become a regional oil producing economy, works on the critical oil and gas infrastructure have progressed significantly. This observation was made by Dr. Ramathan Ggoobi,…