Topics
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Indian businessman killed in Kikuube lodge
KIKUUBE– Police in the Albertin region are investigating the circumstances under which an Indian businessman based in Hoima Municipality was murdered in Kikuube district by unknown suspects. The deceased, identified as Mike Sultan,…
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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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Finance Trust Bank sees gross profit rise of 61.9 percent in 2021
KAMPALA– Finance Trust Bank has released a summary of financial statements for the year ended December 31, 2021, showing its profit before tax curve going up by 61.9 percent to about Shs 13.6…
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Masindi Municipality opens new market, residents to be given priority
MASINDI– Masindi district local government has opened a new market in Kirasa 1 cell in Central Masindi Municipality and will give residents a priority. The market was launched by Emmy Ngaburano, the…
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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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Grief engulfs country as three lionesses are electrocuted
RUBIRIZI– Tragedy hit staff at Queen Elizabeth National Park and the country at large after three lionesses died Tuesday morning as they encountered an electric fence of nearby Irungu hotel that hosts tourists.…
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Food and energy price shocks from Ukraine war could last for years
KAMPALA– The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through…
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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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Post Bank posts 15.8 percent growth in gross profit
KAMPALA – As Post Bank continues to celebrate the milestone of getting a Tier One License from Bank of Uganda [BoU] to operate as a fully-fledged commercial bank, latest financial statistics show the…
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Premier urges the public to plant palm trees to increase palm oil production
KABAROLE – The Ugandan Prime Minister Robbinah Nabbanja has urged the general public to plant more palm trees to increase on the production of palm oil in the country. Nabbanja said prices…
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