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Business - Page 19

URA To Clamp Down On Container Agents Exploiting Small Traders

The Uganda Revenue Authority (URA) has announced a firm stance against exploitative practices by intermediaries commonly known as container leaders, who are accused of manipulating small and medium-sized traders through inflated fees, delayed shipments, and deceptive customs processes. This declaration came during
May 9, 2025

LOLC Finance Uganda Stretches Its Frontiers To Rwanda

After getting a good grip of the Agri-tech business in Uganda, LOLC Finance Uganda has embarked on an ambitious expansion plan stretching across borders. Early this week, the company established a subsidiary; LOLC Finance Rwanda with new offices in Musanze district located
September 8, 2022

Uganda, Tanzania Renew Commitment To Secure EACOP

 Senior officials from Uganda’s petroleum authority (PAU) and Tanzania’s energy and water utilities regulatory authority (EWURA)—the agencies that have regulatory powers over the oil industry in the two countries—have renewed their commitment to secure the East African Crude Oil Pipeline (EACOP). The
September 1, 2022

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
September 1, 2022

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
August 31, 2022

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,
August 30, 2022
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