Assets
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News
How a minister’s directive to lay off parish chiefs could haunt local governments
GULU – The Minister of Local Government, Raphael Mugyezi, has directed the Chief Administrative Officers [CAOs] in Northern Uganda to scrutinise the academic papers of all the parish chiefs and ensure that those…
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Cooperatives & Communities
Co-op insurers beat their local markets for growth- ICMIF report
LONDON – Co-op insurers around the world have been bucking local trends for market growth over the last financial year, according to figures from the International Cooperative and Mutual Insurance Federation (ICMIF).…
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News
UCL sees rise in revenue, shareholders to be paid dividend
KAMPALA – Uganda Clays Limited (UCL), known for making quality baked clay building products, has reported an increase for the year ended December 31, 2021, as it collected Shs 36.7 billion, which…
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Development
House urges gov’t to cancel illegal leases on Uganda Railways land
KAMPALA– Parliament’s Committee on Commissions Statutory Authority and State Enterprises (COSASE) has advised government to cancel illegal leases on Uganda Railway Corporation (URC) land with immediate effect since the right procedures were…
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Finance & Banking
Absa Bank Uganda profit after tax up by 169%
KAMPALA – Absa Bank Uganda had favourable business outcomes in the year 2021, despite covid-19 pandemic that hit the country. The bank on Tuesday announced a sharp profit after tax increment of…
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Cooperatives & Communities
ACPCU registers 10% asset increase despite Covid-19 pandemic
SHEEMA – While several cooperatives around the country suffered serious setbacks during the Covid-19 induced lockdown, Ankole Coffee Producers Cooperative Union (ACPCU) located in Kabwohe Town Council, Sheema Municipality registered a 10%…
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