BAT Uganda has announced its half-year results for the six months ending 30th June 2020; posting gross revenue of Ushs 76 billion, profit before tax of Ushs 9.9 billion and contributions to Government revenue of Ushs 42.9 billion. “I am pleased to report that BAT Uganda’s business continues to show resilience despite the difficult operating […]
In May 2019, Huawei ignited an Information Communications Technology (ICT) Academy in Uganda to improve the number and quality of IT professions in the country. The Academy was a result of a pledge offered by Huawei to H.E Yoweri Kaguta Museveni during his visit to China, Huawei pledged to train over 1000 Uganda ICT talents […]
Uganda Bankers Association (UBA) has launched the ‘No Merchant Surcharge’ Campaign dubbed “Pay with your Card @ No Extra Cost”. The campaign aims to raise awareness of the Card payment system. The campaign aims at eliminating the practice of merchants levying extra fees for electronic payments made using Point of Sale (POS) machines. According to […]
The International Association of Oil & Gas Producers (IOGP) has presented the 2020 Outstanding Young Professional Award (OYPA) to David Ochanda, Biodiversity Coordinator with Total, Uganda. The award recognises his endeavours in raising awareness of biodiversity and ecological standards when exploring and producing oil and gas in highly sensitive areas. “David’s commitment is a prime […]
The Eastern-Africa, Southern Africa and the Indian Ocean (EA-SA-IO) is developing a framework for regulatory oversight for the regional energy market to guide cross border power trading. The final report of the framework has now been presented to the COMESA Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) by the Consultants contracted […]
As part of its mandate to strengthen the entrepreneurial fabric of the region, the Eastern and Southern African Trade and Development Bank (TDB) SME Programme has signed an initial 4-year senior/ mezzanine debt facility of USD 1 million to be managed by Grassroots Business Fund (GBF), to finance agribusiness SMEs in Kenya, Tanzania and Uganda. […]
The World Bank’s Board of Executive Directors has approved $150 million to enable greater access to higher-quality secondary education among Ugandan children in safer and better-equipped learning environments that are also supportive of girls’ education. The project is financed by an International Development Association credit of $90 million, and a grant of $60 million from […]
Shareholders of British American Tobacco Uganda (BAT Uganda) have in the Annual General Meeting (AGM) ratified Ushs 15.7 billion (Ushs 320 per share) as a first and final dividend for the year ended 31st December 2019. Paid on 19th June 2020, the dividend is in line with the Company’s 100% dividend pay-out policy and was […]
The U.S Mission in Uganda through Smart Girls Uganda and I-Profile has distributed over 1000 masks to Ugandan journalists through their regional representatives to protect and keep them safe from COVID-19 at the American Centre in Kabalagala-Kampala. In response to COVID 19, the United States Mission in Uganda is supporting the initiative dubbed masks for […]
The Mastercard Foundation has announced its Young Africa Works strategy in Uganda, which has set a goal to enable more than 3 million young people in the country to access dignified and fulfilling work opportunities by 2030. Under Young Africa Works, the Foundation has committed $200 million to ensure young women, men, and refugees in […]
The oil and gas sector in Uganda is at a critical stage. The commercial negotiations which will impact both the profitability and the sector’s contribution to inclusive development are in the final stages. The infrastructure required to commercially produce the country’s 6 billion barrels of oil and gas resources has been clearly defined. This includes […]
Somaliland government has stated any discussion or coalition to handle the Red Sea must involve the country. Somaliland President Musa Bihi spoke out against the coalition of forces that want to form a task force in the Red Sea to control and manage security matters. Speaking at a ceremony for the 32nd batch of police […]
North African nation Egypt is considering opening up a military base in Somaliland. This coming just a year after reports emerged Russia had also looked at Horn of Africa nation as an option of setting up a base while the United States has also held the idea of moving its base to Somaliland should its […]