The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv
A citizen has sued the government, challenging the alleged move to relocate Luzira Prison to Buikwe District in a bid to pave the way for a commercial investment. Mr Deus Arinaitwe has sued the Attorney General (AG), who is the chief legal adviser of the government, seeking orders and de
Banks are steadily taking positions, establishing in-house collective investment schemes that have, for long, been traditionally a reserve of fund managers, the majority of which are insurance firms. The move creates a new dimension, in which assets under management - especially by ins
Telecom investments have shored up NSSFâs income, strengthening the Fundâs assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc
Kampala, Uganda – Stanbic Uganda’s mother company—Standard Bank Group, which is also Africa’s largest bank by assets, has been recognised as one of Time Magazine’s World’s Best Companies and Newsweek’s World’s Most Trustworthy Companies. TIME and Newsweek are esteemed media organisat
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Hon. Jennifer Muheesi has once again called upon the residents of Kazo District to embrace commercial agriculture with “ekibaro,” a term meaning calculation, to create wealth and improve their livelihoods.Spea
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In 2023, M&C Saatchi Abel approached CTA Space with a proposal.The South African-based marketing, advertising and communications company was seeking an affiliate marketing agency that would be part of a multi-
Sentongo Haruna’s most recent property had taken the town by storm: a newly constructed $24 million penthouse in the heart of Ntinda, perched atop the Haruna Shopping Mall.This penthouse was unlike any other property ever constructed in Africa, a marvel
Malaysia has crowned its new billionaire King in a traditional ceremony marked with pomp and cannon fire. King Sultan Ibrahim Iskandar, 65, has pledged to govern fairly during the five-year t
A Shein pop-up store in Ottawa, Canada. Photo: ReutersFast-fashion retailer Shein, which thrives on a business model that sells budget made-in-China consumer goods overseas, is set to file an initial public offering (IPO) in London this week, according to
