Image used for illustrative purpose. A view of Coca-Cola bottles at the opening ceremony of a Coca-Cola factory outside of Yangon June 4, 2013. Soe Zeya Tun Coca-Cola Co, based in Atlanta, US, could quaff €7bn ($8.1bn) when it lists its African bottling operations with an initial public offering. It owns 66.5% of Coca-Cola Beverages […]
Traders at one of the Business awareness events in 2012 in Kampala. PHOTO | FILE According to the bourse’s monthly bulletin for January, the value of shares traded declined to Ush2.05 billion from Ush7.8 billion ($2.2 million) in December last year (2021),representing a daily average turnover of about Ush103 million ($29,132.8). The volume of shares […]
UBL staff led by Ag. MD Eunice Waweru join other winners at Prudential Best HR Practice awards. Uganda Breweries Limited (UBL) was on 18th February 2022 recognized as the overall winner for the Best Human Resource (HR) Practices in Uganda during the Prudential Best HR Practices Report launch at Kampala Serena Hotel. The recognition came […]
Umeme electricians recovering illegal materials from the network in Nyendo, Masaka during an anti-power theft campaign The Ugandan government has blocked new investments by power distributor, Umeme, as it searches for a new investor who will help in bringing down the cost of electricity and improve the quality of the distribution network as well as […]
If you have a business in Uganda and still insist on accepting cash, you are missing out a lot. Why? Because the demand for cashless payments is growing in the country. The number of people who would rather have mobile money instead of hard cash is growing. According to the Bank of Uganda, the value […]
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
Greg Jackson, Octopus Energy Group CEO, said "2022 will be tough in energy." Image: Octopus Energy. Octopus Energy Group is expecting to take a £100 million hit from the energy crisis, the company announced alongside its FY20/21 results. It has set aside £2.5 million in additional funding to help customers ahead of prices jumping substantially […]
Download logo The Ministry of Energy and Mineral Development has recommended the halting of new investments by energy distributor, Umeme ahead of the expiry of its 25year concession in 2025. The Minister of State for Energy, Hon Sidronius Okaasai Opolot said this during a meeting with members of the Committee of Environment and Natural Resources […]
Sydney, Jan. 21, 2022 (GLOBE NEWSWIRE) — Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. – https://www.budde.com.au/Research/Uganda-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW MTN in March 2020 renewed its National Telecom Operating licence for a further ten years, paying $100 million. Under the revised licensing regime, Airtel Uganda also fell under […]
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