Uganda lender UDB allowed to retain 2018 profits
The finance ministry has allowed patient lender Uganda Development Bank UDB, to plough the UGX 9.49bn […]
Read moreNIC sounds profit warning
Listed underwriter NIC Holdings Limited has issued an advisory to stockholders warning of a negative balance […]
Read moreOil majors consider holding off FID until after 2021 elections
Anxious about the trajectory the country’s politics is taking, oil majors Total E&P and Chinese counterpart […]
Read moreTullow Oil says close to tax deal with Uganda government
April 26—London-based Tullow Oil told shareholders on Thursday, a Final Investment Decision (FID) on a joint […]
Read moreKenyan fintechs take bulk of $1 billion invested in African start-ups
April 24–Kenyans took the lion’s share of the over $1 billion that went into African start-ups […]
Read moreChinese financing decision for Uganda railway may come within days
April 24—The Uganda government will know by this weekend whether China is lending the bulk of […]
Read moreGovernment shelves $5m Israeli venture to grow medical marijuana
April 18—After some soul-searching, the government has temporarily scuttled an Israeli company bid, to grow medicinal […]
Read moreIncoming investment authority seven-member board unveiled
April 17—Evelyn Anite, the junior finance minister for investment, officially unveiled the new board of the […]
Read moreVietnam agrees to give Uganda’s coffee sector renewed push
April 15—Last month, Uganda was in talks with Vietnam, the country that overtook it in the […]
Read moreUganda relaxes terms for women groups to access $155m credit
April 10—The government wants to ease the conditions in which recognised women groups across Uganda can […]
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