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MTN Uganda Set to Increase Dividend Payouts for Investors

MTN Uganda Set to Increase Dividend Payouts for Investors

(Kampala) – MTN Uganda has recommended an increase in its second interim dividend to shareholders following a significant rise in net profit for the third quarter of 2024. The telecom company reported a 29.6% increase in profit after tax, amounting to 460 billion Ugandan shillings for the f

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Four Teachers Arrested for Sharing Fake PLE Papers Online

Four Teachers Arrested for Sharing Fake PLE Papers Online

(Kampala) – Police in Uganda have arrested four teachers accused of sharing fake Primary Leaving Examination (PLE) papers online in exchange for money, and they are expected to face charges in court on November 5, 2024. Uganda’s Police Force has confirmed the arrest of four teachers invol

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Uganda shilling strengthens against dollar - BoU

Uganda shilling strengthens against dollar - BoU

Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which indicates that Uganda’s domestic financial market has continued to remain stable. The appreciati

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Uganda's coffee industry: Understanding the origins of UCDA

Uganda's coffee industry: Understanding the origins of UCDA

By Ezra Suruma In 1986 when the National Resistance Movement captured the apparatus of government, coffee was by far the most important export product of Uganda.  Coffee had enjoyed this supremacy since the 1950s when it overtook cotton as the most important “cash crop” and expo

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Traders in tears after Kigogwa fuel tanker explosion

Traders in tears after Kigogwa fuel tanker explosion

Several businesspeople in Kigogwa Town are counting losses after a fuel tanker exploded at a trading centre on Tuesday. The northbound tanker overturned before bursting into flames that engulfed the area, destroying several shops that included hardware, stationery, salons, and eateries,

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Kigogwa fuel tanker explosion: What we know so far

Kigogwa fuel tanker explosion: What we know so far

At least 10 bodies had by Tuesday evening been recovered from the scene of a fuel tanker explosion at Kigogwa Town on Kampala-Bombo road in Wakiso District. Another person is said to have died at Kiruddu Referral Hospital where several of those who sustained severe burns were rushed for

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VIDEO: Questions linger over Shs10 trillion SGR cost

VIDEO: Questions linger over Shs10 trillion SGR cost

In early March 2017, panic-stricken officials from Uganda’s ministries of Works and Finance, dashed to Dar es Salaam to “compare notes” with their Tanzanian counterparts on among others, variations in prices of their disassociated Standard Gauge Railway (SGR) projects. President Mu

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Uganda loses Shs180b deal as export board goes in limbo

Uganda loses Shs180b deal as export board goes in limbo

Confusion. Panic. And helplessness. That is the state of affairs the Uganda Export Promotion Board (UEPB) now finds itself in after being merged with the Uganda Free Zones Authority into one entity called the Uganda Free Zones and Export Promotions Authority. For nearly three weeks now,

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Economy posts positive results despite negative predictions

Economy posts positive results despite negative predictions

The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by analysts that recovery was likely to nosedive, at the start of the year. The Permanent Secretary in the Ministry of Fin

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'Theft of public funds was a shameful thing back then'

'Theft of public funds was a shameful thing back then'

You will be making 79 in November. With the benefit of hindsight, has Independence been worth it? Independence was a positive development that came at the right time. Colonialism was no longer viable. But, I am not sure whether we have successfully utilised Independence to the advantage

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