Business

Mutebile, Kasekende defence of Crane Bank deal and why the public can’t believe them

Business
It is now official. There is no doubt that Bank of Uganda (BOU) did not sell but gifted former Crane Bank to its competitor...

Electricity: Bujagali loan repayment period pushed to 2032

Business
The government has started the process of modifying Bujagali Energy Limited’s license for the Bujagali 250MW hydropower dam after it agreed with the lenders...

Debts force Black Mountain Resources to exit Namekara vermiculite mines

Business
Australian company Black Mountain Resources has decided to sell its license for the Namekara vermiculite mine in exchange for a debt relief of about...

Oil companies race to issue tenders ahead of final investment decision

Business
There was a race to be on the National Supplier Database by March 31 as the upstream oil companies started calling for bids ahead...

Cement makers blame UMEME, URA for higher prices

Business
Local cement manufacturers have blamed the increase of prices of the building material on the UMEME power outages and the Uganda Revenue Authority (URA). The...
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