Star QT clothing line extends footprint to Uganda

[Walter Wafula] Star QT, a South Africa-based clothing line and fashion label is set to be launched in Kampala this August to increase the popularity of the brand and its products in Uganda.

Uganda woos entrepreneurs to invest in energy sector

[Walter Wafula] Ugandan businesspeople have been urged to invest in mini-hydro power projects to encourage the establishment of cottage industries across the country.

Uganda: SMEs explore stock market for finance

[Walter Wafula] Ugandan businesses are on the hunt for cheaper and advanced financing options at the stock market according to a fund manager at African Alliance in Kampala.

Nakumatt to open hypermarket in Kampala

UBA introduces free banking

[Walter Wafula] Uganda's United Bank of Africa (UBA) has introduced an account that requires no deposit or maintenance fees.

Airlines increase flights from Entebbe

[Walter Wafula] Growing demand by Ugandans and international travellers is driving more airlines to Entebbe International Airport.

Tenth company listed as USE celebrates a decade

[Walter Wafula] Kenyan Commercial Bank became the 10th firm listed on the Uganda Securities Exchange as the Kampala-based stock market celebrated its 10th anniversary on November 11, 2008.

Uganda bows to global financial crisis

[Walter Wafula] Ugandans are beginning to feel the pinch of the wild financial mess that is ravaging American, European and Asian economies. In the past few weeks share prices of the nine listed companies at the Uganda Securities Exchange have danced to a rhythm echoed by falling stock prices across global financial markets.

P&G decries sale of counterfeits in Uganda

[Walter Wafula] Proctor and Gamble, the manufacturer of Always sanitary pads has decried the sale of counterfeits of their products in Uganda underlining that it is losing it's market-share and exposing consumers to many health risks.

Uchumi hunts for loyal customers

Bidco brings Fortune to Ugandans

[Walter Wafula] Bidco, a major edible oil producer in Uganda, has added Fortune to its product assortment, offering Ugandans more choice in the market. The unveiling of Fortune to locals in Kampala was held on 6 September 2008.

Social Security Fund doubles savers' interest rate

[Walter Wafula] Uganda's National Social Security Fund has doubled the annual interest rate at which it pays its members, to 14% in a bid to reward them with the fund's enormous profit.

Capital gains strengthen National Social Security Fund profits

[Walter Wafula] Uganda's National Social Security Fund has announced a profit of UGX131bn for the financial year ending June 2008 boosted by accumulated capital gains from equity investments. The record earnings represent a 22% growth in profits from last year's financial results when NSSF registered profit worth UGX107bn.

AIG Uganda posts UGX5bn profit

[Walter Wafula] American International Group has announced a profit before tax of UGX5bn representing a 4.1% growth in the company's earnings in 2007. The profit growth is a result of swollen premiums, according to the company's 2007 financial reports released on July 2.