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The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year (FY) ending June, 2024. UETCL was closely followed by Uganda Electricity Generation Company (UEGCL) at 54.2 billion and Uganda Civil Aviation Authority at UGX 32 billion. The three top public corporations raked in a combined UGX 168 billion in annual profits outperforming other 17 sister corporations and state enterprises, according to details from the latest Auditor General’s report. However, UETCL’s profitability decreased by 13 percent from UGX 94 billion in…
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National Housing, Stanbic Properties Limited, and Stanbic Bank Uganda have today entered a tripartite partnership to develop and facilitate Ugandans to access affordable modern housing. The function presided over today, by the Minister of Finance, Planning and Economic Development Matia Kasaija. Under the terms of the partnership, National Housing will provide land to develop affordable modern housing whereupon Stanbic Properties will handle the direct sales and marketing with Stanbic Bank playing the role of financing partner. Both Stanbic Bank and Stanbic Properties are subsidiaries of Stanbic Uganda Holdings Limited (SUHL), under the Standard Bank Group, Africa’s largest commercial bank. Under…
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