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Hon. Dr. Elly Karuhanga (Ph. D.) is a Founding Partner of Kampala Associated Advocates together with the former Chief Justice of the Supreme Court of Uganda, Justice Bart Katureebe, Mr. Oscar Kambona and Mr. Sam Mayanja . His former law firm; Karuhanga & Co. Advocates, merged with three other law firms to form Kampala Associated Advocates in 2001. He became managing partner in 2006 to 2008. Dr. Karuhanga is a top legal mind in the oil and gas sector and has acted as legal counsel to a number of oil companies from upstream to downstream, including French super giant, Total…
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The Uganda Chamber of Mines & Petroleum (UCMP) at a recent Annual General Meeting (AGM) elected new leaders to its Board of Trustees and Governing Council. The new leaders serve for the next two years. Mr. Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, and Mr. Nicholas Ecimu, a Partner at S&L Advocates are among the new members who were elevated to the Board of Trustees. Mr. Mweheire previously served as the Chairman of the Governing Council for three years, while Mr. Ecimu served as a Council Member for eight years. The full membership of UCMP’s…
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Shareholders of BAT Uganda have approved UGX 10.3 billion (UGX 209 per share) as a first and final dividend for the year ended 31st December 2022, during the Company’s 23rd Annual General Meeting (AGM) held today, 6th July 2023. The dividend, which is in line with the Company’s 100% dividend pay-out policy, will be paid net of withholding tax on 1st August 2023. During the AGM, the Company also celebrated its 95th year of operation in Uganda. Mathu Kiunjuri, the BAT Uganda Managing Director, said that while the business’ fundamentals remained solid as evidenced by the company’s sustained investment in…
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AT Uganda has called upon the Government to ramp up efforts to curb illicit trade in cigarettes, which it says is impacting the sustainability of its business. In its 2022 performance results announced today, the Company recorded a 6% revenue growth, to UGX 99.5 billion. Profit after tax dropped by 4% from UGX10.3 billion to UGX9.9 billion, driven by a higher cost of operations which more than offset the increase in revenue. The total cost of operations grew by 15% to UGX34.5 billion in line with higher sales volumes and inflationary increases in input costs net of savings, the company…
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BAT Uganda has called for enhanced action against illicit trade in Uganda, following a 2021 report, which indicates that the illicit trade incidence in cigarettes continues to rise significantly. The research commissioned by BAT Uganda and conducted by Kantar, covered the 2nd half of 2021 and found that 23.8% of the cigarettes sold in Uganda appear to be illicit, accounting for almost one in four cigarettes smoked. This represented an increase of 54.5% compared to September 2020 when the number stood at 15.4%. Further, the Kantar research found that more than half of the illicit cigarettes (51%) in the market…
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Shareholders of British American Tobacco Uganda Limited (BAT Uganda) have ratified UGX10.2 billion (UGX209 per share) as a first and final dividend for the year ended 31st December 2021, during the Company’s 22nd Annual General Meeting (AGM) held electronically. The dividend, which will be paid net of withholding tax on 11th July 2022, is in line with the Company’s 100% dividend pay-out policy. “Despite the adverse impact of an exceptionally difficult trading environment in 2021, we are happy to have made a profit resulting in a dividend payout to our shareholders. BAT Uganda’s business fundamentals remain strong, and the Company’s…
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Kampala Associated Advocates (KAA), one of Uganda’s leading and largest independent law firms, recently celebrated its 20th anniversary. Founded in 2001 through a merger of four major law firms, the founding partners were Bart Katureebe, a former Attorney General and Chief Justice Emeritus of the Republic of Uganda; Dr. Sam Mayanja (Ph.D), who served as Secretary of the Uganda Development Bank Board for over a decade and now the State Minister for Lands in the Ministry of Lands, Housing & Urban Development; Oscar Kambona, who headed and managed the Uganda Tax Bureau; and Dr. Elly Karuhanga (Ph.D), a senior lawyer who…
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Francis Kisirinya has been appointed as Acting Executive Director for Private Sector Foundation Uganda. His appointment follows the death of Gideon Badagawa, who passed away on 21st June 2021. In a statement, Dr Elly Karuhanga, the PSFU board chairman says Kisirinya’s appointment commences 1st July 2021 for a period of six months until a substantive Executive Director shall be appointed by the Board. “Francis has served PSFU in various capacities including deputizing the Executive Director and we are optimistic that he will follow through to continue promoting private sector competitiveness and development through this transition period,” Dr Karuhanga says. Who…
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The Executive Director Private Sector Foundation Uganda (PSFU) Gideon Badagawa has died. He was 54 years old. The news of Badagawa’s death was today announced Dr Elly Karuhanga, PSFU Chairman Board of Directors in a private statement. “The Board, Management and Staff of the Private Sector Foundation of Uganda (PSFU), with deep sorrow regret to announce the untimely death of their Executive Director, Mr. Gideon Badagawa, who passed away this morning Monday June 21st, 2021, in Mulago Hospital,” Karuhanga says According to the statement, Gideon’s wife, Mrs. Susan Birungi Badagawais also said to be battling for her life in hospital…
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