Business

NBS Alleged Takeover Of WBS: URA Speaks Out

August 1 Business, Featured, local no comments
URA’s management , which runs WBS Tv have dismissed reports claiming the station has been sold to Kin Kariisa.   Kariisa owns NBS Tv and Salaam Tv.   But according to Kabiito Karamagi, the manager WBS Ltd (in R...

Bailout Tycoons Sued, Shs5Billion Wanted From Them

July 30 Business, Featured, local no comments
A one Mosses Musinguzi has sued government over its pledge to bail out struggling city businessmen and companies. According to a case filed Friday in the High Court as Civil suit No 311 Of 2016, Musingizi, who describes ...

MTN Nigeria Takes Steps Towards Listing And Appoints Transaction Advis...

July 29 Africa, Business no comments
  On 10 June 2016, MTN Nigeria announced that, as part of a settlement arrangement with the Federal Government of Nigeria, it would undertake to take immediate steps to ensure the listing of its shares on The Nigeri...

Uganda Experiences Total Darkness As Power System Breaks Down

July 27 Business, Featured, local no comments
Uganda is experiencing a power blackout, with the capital, Kampala not spared.   According to UMEME, the company in charge of electricity in Uganda, the blackout that has left almost the whole country in darkness wa...

Multichoice Uganda & Vodafone Enter Sales And Distribution Partner...

July 23 Business, Featured, local no comments
MultiChoice Uganda and Vodafone have entered a sales and distribution partnership to create more access to MultiChoice products and services at all Vodafone service outlets in Entebbe and Kampala. Vodafone currently has ...

Rwamiti Advises Fired NTV Staff To Keep Calm & Stop Soiling Boss’ ...

July 20 Business, Featured, local no comments
The current restructure by Nation Media Group hasn’t spared NTV. As reported last week, over 15 NTV’s employees have already been informed of how their services are no longer needed as the station restructures. Out of di...

dnata Announces Acquisition Of Air Dispatch

July 14 Business, International no comments
  dnata, one of the world’s largest air services providers, has reached an agreement to purchase a majority stake in Air Dispatch (which is part of the Chapman Freeborn Group).   Air Dispatch was founded in 200...

Stanbic contributes Shs50million to Youth Empowerment Centre

July 13 Business, Featured, local no comments
Stanbic Bank, Uganda’s leading bank by assets has committed Shs50million in support for the next five years, to a youth empowerment project initiated by the Rotary Club of Kampala North. In addition to the money, bank em...