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Stanbic Holdings Half-year Net Profit Up 4.7% To Shs162bn
Stanbic Uganda Holdings Limited (SUHL) has recorded a 4.7% growth in profit-after-tax for the first six months to June.30 to Shs162billion. This comes amidst an unpredictable operating environment characterized by global price instability and a tightening of monetary policies. SUHL Chief Executive, Andrew Mashanda said the company’s performance was driven largely by our anchor subsidiary,…
Museveni Attends Graduation Of 1st United South Sudan Army
President Yoweri Museveni was on hand today to witness the graduation of the 1st batch of the necessary unified forces of the Republic of South Sudan as UGANDA is one of the guarantors of the South Sudan peace deal. This follows the Entebbe Tripartite agreement of November 2019 in which a cessation of hostilities & a…
Kampala International School Uganda Kicks off admissions for 2022/23 Academic Year
Kampala International School Uganda (KISU) a leading international school in Kampala has opened its doors to students willing to pursue their academic at this great and global standard school for the academic year 2022-23. According to an announcement released via its socials, KISU said the admissions are open for Kindergarten, Primary, and Secondary and interviews…
PICTORIAL: Indian Association, Lohana Community Honors Delhi Public School International Students Who Performed Dance In The India Day program With Participation Certificates
Delhi Public School International (DPSI) students who performed Dance in the India Day program have been honoured with participation certificates issued by the Indian Association & Lohana Community, Kampala. According to the school, Students received special appreciation and the Certificates from the School Principal Mr. Swami. Delhi Public School promotes scientific thinking in children as…
Army Prosecutors Ready To Start Trial Of Soldier Who Slept With Boss’ Wife
Military prosecutors are ready to proceed with the trial of Lance Corporal John Nuwagira, who is battling charges of conduct prejudicial to good order and discipline. Nuwagira is accused of having a sexual affair with the wife of his boss Lt. Robert Turyahabwe. Led by Lt. Alex Rasto Mukhwana, the military prosecutors told the Makindye-based…
DFCU Bank Records 51% Decline In Half Year Profits
Dfcu Limited has recorded a 51 per cent drop in profitability for the first six months this year, according to its half-year financial results for the period ended June 30, 2022. The bank reported Shs18.7 billion in net profits after tax compared to 5hs49.9 billion in the corresponding period in 2021, representing a 51% slump…
Why Dolphin Suites Is Your Answer For a Marvelous Wedding This 2022
Dolphin Suites, managed under the Speke Group Of Hotels a Ruparelia Group Company is undoubtedly the only venue in Uganda that will host your wedding in the most precious way at relatively favorable rates this 2022. Located in Bugolobi a suburb of Kampala, Dolphin Suites is a unique hotel offering 27 luxurious and comfortable hotel…
Corporate Social Responsibility: TotalEnergies EP Uganda Equips Project Affected Persons in Buliisa
TotalEnergies EP Uganda has this week reiterated its commitment to supporting sustainable and inclusive economic growth through income generating activities by the Tilenga project community. The company has provided start-up kits to Project Affected Persons (PAPs) under Resettlement Action Plan 1 (RAP 1) to setup income generating activities in a bid to elevate their ability…
UGX 7 Trillion Locked Up In Commercial Court Disputes: Chief Justice
The Chief Justice Alfonse Owiny-Dollo has said that about seven trillion shillings is locked up in undissolved disputes before the Commercial Division of the High Court. Owiny-Dollo revealed this while delivering the Annual Performance Report of the Judiciary at the High Court in Kampala on Wednesday. He said the monies are tied up due to…
Demand For Credit Slows With Raising Interest Rates
The banking industry has defended its changing mode of operation which sections of the public describe as less friendly, saying they have learnt from the effects of global shocks on the businesses and economies generally. In recent times, Bank of Uganda has compelled commercial banks to increase their lending rates even as the demand for…