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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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First Graduates from NUP Leadership School Celebrate Milestone

First Graduates from NUP Leadership School Celebrate Milestone

(Kampala) – Bobi Wine presented completion certificates to the first graduates from the National Unity Platform’s (NUP) newly established School of Leadership in Kavule, aiming to develop Uganda’s next generation of leaders. This afternoon in Kavule, opposition leader Bobi Wine recogniz

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80% of business leaders not ready for AI, says KPMG

80% of business leaders not ready for AI, says KPMG

The 2024 KPMG CEO Outlook on preparedness to integrate Artificial Intelligence (AI) into their workspaces, shows that 80 percent of business leaders are not ready to invest in AI.  The outlook, which interviewed 50 business leaders across East Africa, indicates that 80 percent of leader

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Ssenyonyi wants probe into Shs550b Atiak sugar deal

Ssenyonyi wants probe into Shs550b Atiak sugar deal

The Leader of Opposition in Parliament (LoP), Mr Joel Ssenyonyi, has tasked the government to conduct a comprehensive audit to establish how Shs553.71 billion that has been pumped into Atiak Sugar Factory was utilised, saying there is little to nothing on ground to show for the money. Fo

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Parliament summons Finance, AG over Roko’s Shs260b bailout

Parliament summons Finance, AG over Roko’s Shs260b bailout

Two years after government voted to invest more than Shs266 billion in Roko Construction Company, concerns are growing that if not closely monitored, this may turn into another huge loss to the taxpayer. Parliament now wants the government through the Ministry of Finance, Planning and Ec

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Kisubi Mapeera school dreams big as it turns 25

Kisubi Mapeera school dreams big as it turns 25

Kisubi Mapeera Senior Secondary School is one of the best schools in Wakiso District, known for its academic success and holistic development, thanks to the unwavering leadership of Joseph Ddamulira Kawuma. DM bodytext: Over the past 20 years, he has transformed a fledgling institution, whic

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Tourism board, hotel owners lock horns over new licences

Tourism board, hotel owners lock horns over new licences

Hotel owners across the country have protested a move by the Uganda Tourism Board to shut down accommodation facilities that are not licensed by the board to operate. The board, that by the law, regulates the hospitality sector issued a warning that those facilities operating without a l

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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, DRC agree to revamp construction of Congo roads

Uganda, DRC agree to revamp construction of Congo roads

The hope of paving roads from the Ugandan border to cities in the Democratic Republic of Congo has got a lease of life after the transport ministers of both countries signed an amended agreement to develop them. The Uganda Minister of Works and Transport, Gen Edward Katumba Wamala, and h

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Kisubi Mapeera school dreams big as it turns 25

Kisubi Mapeera school dreams big as it turns 25

Kisubi Mapeera Senior Secondary School is one of the best schools in Wakiso District, known for its academic success and holistic development, thanks to the unwavering leadership of Joseph Ddamulira Kawuma. DM bodytext: Over the past 20 years, he has transformed a fledgling institution, whic

Ultimate Uganda