Drivers warned against non-receipted government transactions

Cargo transporters have been warned against payment of non receipted monies to government institutions as they will be charged with facilitating corru

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Uganda: Exports Rebound After Three Months of Decline

Export earnings have rebounded after three months of recording a decline. Earning, mainly from coffee, fish, flowers and cement, some of which had experienced some volatility, recovered during the period ended June to fetch Uganda growth of at least Shs172b. According to data from Bank of Uganda, Uganda exported goods worth $337m (Shs1.2 trillion) up […]

Uganda: MTN Borrowed Shs368.5b to Fund Licence Extension

Commercial banks in Uganda are expected to profit off the $100m syndicated loan advanced towards MTN Uganda to pay for its 12 year licence. In notes published along its financial results for the half year ended June, MTN revealed an increase in its net debt from Shs110b (R423m) in December 2019 to Shs367b (R1.6b) due […]