Business

The Crane Management Services Ltd has filed a bill of more than UGX215 million against KACITA as compensation for legal costs. These costs were incurred during the defense of the case against KACITA Uganda Ltd. The bill followed dismissal for want of prosecution of the suit in which Kampala City Traders Association sought to stop landlords from collecting rent. This ...

SafeBoda started off initially as a ride-hailing App, however, it has initiated a move through which it will enhance women’s inclusion and also support their business growth. The company plans to give out working capital loans to its merchants to enable them to expand their businesses. According to Tim Jamieson, the company VP of Payments and Financial Services, they will ...

President Museveni yesterday revealed how the government had finalized plans to start producing buses in the country. According to the President, these will help to ease transport in the massively populated Kampala Metropolitan Areas. Mr Museveni revealed how they arrived at this conclusion during a meeting with KCCA leaders, line ministers and the company responsible for producing these buses, Metu ...

Uganda gaining middle Income Status as a country is something the President has been obsessed with for the past few years. In his numerous addresses, he promised Uganda will soon jump from the cluster of third world countries to the middle income status. However according to world Bank experts, this wait will go more than a decade further before Uganda ...

Bank of Uganda (BoU) has made a decision to lower the cheque value amounts that can be written on a single cheque leaf. This will affect five currencies including the Ugandan Shilling. The central bank noted that their decision followed a ‘no objection’ received from the Ugandan Bankers Association. On Wednesday, the central bank issued a letter to all commercial ...