NIC dealt sh51,500 ($13.08) from 3,500 shares during the week. Market data from Crested Capital shows that turnover fell to sh938.1m ($238,207) from sh4.49m ($1.16m) a week earlier. Volumes traded dropped to 10.37 million shares from 42.72 million.
UBA chairman Michael Mugabi said the scale of Uganda’s economic ambitions requires the financial sector to move beyond conventional lending approaches.
“Uganda has the coffee, the diversity and the quality. Our task is to ensure that European consumers, buyers and investors know the story behind Ugandan coffee and have direct opportunities to do business with our producers and exporters,” said Agama.
“Every factory we establish is a step towards economic independence. Our mission must be to make Uganda a major manufacturing and exhibition hub for the entire East African market and beyond,” Minister Barugahara said.
Mukiza said Uganda needed to attract more investment in agro-industry and increase value addition to its agricultural products.
“Technology and innovation should be at the centre of efforts to accelerate economic growth because they can contribute to the country’s development by making financial services more accessible and efficient,” the minister added.
Speaking at the launch, Hans Paulsen, Executive Vice President (East) of Vivo Energy Group, highlighted the strategic impact, adding that it’s intended to support a culture of continuous learning while strengthening operational standards across the company’s network.
“We have been on DTS for 6 years and still going; manufacturers will be our witnesses. It is advantageous in many ways; they are now able to track their products, you do not lose stock, and other people can not mimic your product anymore,” Nuwagaba said.
About 2.7% of institutional assets across the continent are currently invested in infrastructure and other productive sectors.
“Even the Bible does not limit a woman from owning property,” he says. “Remain humble and respectful to your husbands and families when you become landlords.”For Florence Nambooze-Bbale, a registered surveyor, lecturer and founder of Paragon Investment Club, collective saving has provided women with a practical route to property ownership.
“After the lockdown between 2020 and 2021, Stanbic Bank generated accrued interest and arrears of sh1.25b, and added it to the original loan borrowed in 2019. The loan rose to more than sh4b and it became impossible to manage. We have been paying back, but the outstanding amount is now sh1.7b,” Madraru said.
Commenting on the matter, Dorothy Masifa Ochola, BOU’s head of legal, said the case dates back nine years. She added that the central bank, through its external lawyers, MMAKS Advocates, is engaged in talks with HABA Group to resolve the matter.
“In this letter, they give a long story of how hundreds of thousands of dollars were stolen from them by fraudsters whom they later reported to a host of security personnel, Col. Edith Nakalema [State House Investors Protection Unit], Brig. Gen. Henry Isoke [State House Anti-Corruption Unit], Crime Intelligence, Defence Intelligence and Security (DIS), Police, etc. All these have not helped them. One of the suspects is ‘Gen. James’, who turned out to be Ntakirwa,” Museveni said.
“When a student answers a tax question here, our interest will not only be in whether they got it right. We want to see that the answer to this question is causing another conversation,” Masembe said.
“We are looking at starting the certification process; the framework is yet to be completed. The next activity will be facilitating certification for BDS providers. If they are certified, it will help in quality assurance; the quality of BDS services is bad today; certified providers will get a quality mark to help clients of BDS, funders, understand whom to deploy for what services,” Kaziro said.
The workers had challenged the termination of their employment and sought various remedies, arguing that their employment contracts ought to have been transferred following the sale of the business. Shoprite, however, maintained that the workers had been declared redundant as part of the company’s restructuring after it decided to cease its operations in Uganda.
“Mini Bakeries has not discharged its burden of proving that the royalty and interest adjustments were excessive or should have been made differently. Mini Bakeries has also failed to establish any legal entitlement to a refund or credit of the withholding tax, and VAT is dismissed,” the tribunal ruled.
Sugar, salt and fat are important ingredients in many foods and contribute to taste, texture and palatability. However, nutrition experts warn that consuming excessive amounts of these ingredients can have long-term health consequences, particularly by increasing the risk of NCDs.
The local authorities, government institutions and regulatory bodies, including the Uganda Registration Services Bureau and the Uganda Investment Authority, will not issue business, trading or any other kind of licences to persons who do not have a NIN in the case of individuals, a Business Registration Number (BRN) in the case of non individuals, or a TIN issued by a foreign tax authority, where applicable.