Organisations
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Gulu University seeks Shs 27b to set up juice producing factory
GULU – Gulu University is seeking at least Shs27 billion to set up a complete, independent juice processing factory. Last year, the University launched the “Gulu University Muyeme Juice” pilot project which majorly…
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Centenary Bank on list of nominees for 2022 edition of the African Banker Awards
KAMPALA– The African Banker magazine has announced the shortlist of over 60 nominees for this year’s edition of the African Banker Awards, with Ugandan Centenary Rural Development Bank and Tugende Global nominated…
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Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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KCCA opens court to receive property rate cases
KAMPALA – Kampala Capital City Authority (KCCA) Council has approved a new Valuation Court. The court will be responsible for receiving complaints from the landlords aggrieved by the property tax valuations. Samuel…
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Bee farmers advise govt to recruit more entomologists
LIRA – Bee farmers in the Lango sub region have urged the government to recruit more Entomology officers to train farmers on beekeeping as a business for income generation. Professional entomologists contribute…
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FBI warns US farm co-ops of cyber threats in planting and harvest seasons
US – Cyber attacks on agricultural co-ops are higher in the planting and harvest seasons, the FBI has warned. The US crime agency says ransomware actors will choose these crucial seasons because…
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UVCCL coffee deal: Investors want to mortgage govt land at Namanve
KAMPALA– Even though President Yoweri Museveni and NRM caucus Members of Parliament [MPs] have agreed to review the controversial coffee export deal signed between the government and Vinci Coffee Company Limited [UVCCL], the…
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KCB suffers 58.3 percent fall in gross profit
KAMPALA– Kenya Commercial Bank [KCB] Uganda saw its gross profit plummet by 58.3 percent in 2021 to about Shs 12.3 billion from about Shs 19 bln recouped in 2020, its financial statements…
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Oil companies ready to invest 10 billion dollars in oil and gas sector
HOIMA – Sarah Birungi Banage, the Head Corporate Affairs Uganda National Oil Company [UNOC] has explained that oil companies under their joint ventures Total Energies Uganda, China National Offshore Oil Corporation CNOOC…
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Cooperators attend TUI’s Youth Leadership and Entrepreneurship Camp 2022, urged to create wealth
KAMPALA– About 40 youth from several cooperatives on the Coop360° Network are attending a four-day annual Kyoto Youth Leadership and Entrepreneurship Camp 2022, organised by The Uhuru Institute for Social Development [TUI].…
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