Bemuga’s employee entered a Shs 1.7 bn deal without knowledge of directors
Bemuga Forwarders has been given 14 days to defend itself in a case in which its former managing director, Ronald Kanyerezi, entered a Shs 1.7 billion deal with a global...
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What the Kenya Pipeline deal means for Uganda
Energy and Mineral Development Minister, Ruth Nankabirwa sign deal with Kenya to participate in the upcoming Initial Public Offering (IPO) of the Kenya Pipeline Company (...
Andrew Mwenda’s Candid Admission: “When Sudhir Owned a Bank, I Also Owned the Bank”
Sudhir and Mwenda share a light moment at the billionaire's home in Kololo.Kampala, Uganda | — A resurfaced video clip of veteran journalist Andrew Mwenda has ignited f...
Soroti Fruit Factory posts Shs5.3Bn loss despite management overhaul – Audit
Soroti, Uganda: The Soroti Fruit Factory operates at a loss of Shs5.371 billion for the 2024/2025 Financial Year, deepening its financial troubles despite a recent manage...
Quality Chemical Declares Shs6 Interim Dividend After Recovering Zambia Receivable
Quality Chemical Industries Limited (QCIL) has announced an interim dividend for the financial year ending March 31, 2026, after successfully recovering a long-outstandin...
Umeme Issues Profit Warning, Cites Losses from Concession Exit
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its b...
Standard Chartered boss throws in the towel as bank struggles deepen in Uganda and Kenya
The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top exe...
Bitcoin firm Twenty One Capital drops 20% on first day of trading
Twenty One Capital came to market with over $4 billion in Bitcoin, but its lack of publicly shared business plans appears to have led some investors to the exit.Shares in...
Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.
Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sel...
Road to Uganda’s first oil: Kingfisher likely to be starting point
For the next nine months, activities in Uganda’s oil fields will be ramped up as the country targets to get its first barrel of oil to the market through a 1,443km pipe...