Is your next boss an AI?
Imagine a bunch of nerds in the 1960s, sitting around thinking: “Hey, what if we could send messages between these things called computers instead of just passing notes in class?” They proceed to further think: “Le...
Business
Latest business reporting and analysis for Uganda.
Govt pushes for mercury free options for artisanal miners
The government has renewed its call to phase out the use of mercury among Artisanal and Small-Scale Gold Miners (ASGM), citing severe health risks and environmental pollution. Phiona Nyamutoro, Minister of State for Ener...
Ultimate Uganda
Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan
There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited took a loan of Shs 6.840 billion from Prim
Ultimate Uganda
Some EFC, Mercantile depositors yet to pick their money, says DPF
The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arrangements to enable the Fund to pay their protecte...
Ultimate Uganda
Uganda seeks funds to add 1,600 MW of hydro capacity, official says
Uganda is seeking funds to build three hydropower plants that would add over 1,600 megawatts (MW) of capacity to help meet rising power demand, an energy official said on Wednesday. The East African country has identifie...
Ultimate Uganda
High staff exits undermining banking sector stability, says BoU
Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report...
Ultimate Uganda
Reduction in milk production causes butter scarcity
A reduction in milk volumes by about 3.5 million litres per day has impacted key dairy by-products, among them butter production, according to stakeholders in both the dairy and supermarket value chains. Several supermar...
Ultimate Uganda
Sebei farmers switch to barley growing to boost profits
Farmers in Sebei Sub-region are switching to barley growing in search of better profits. Some of the farmers have since abandoned Irish potatoes for barley growing, which is a raw material in beer making. They farmers sa...
Ultimate Uganda
SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives
Leaders from various Savings and Credit Cooperative Organizations (SACCOs) have commended Stanbic Bank for its commitment to empowering and skilling members of the SACCO community. The event held at Tuzza Hotel in Bushen...