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LOSES: MTN Registers Decline In Subscribers And Earnings Per Share

LOSES: MTN Registers Decline In Subscribers And Earnings Per Share

By Our Reporter LAGOS, Nigeria- SHIFTMEDIA- Africa’s largest wireless carrier MTN Group announced its interim results for the first half of 2021, and posted a decline in earnings per share and subscribers, despite the telco claiming…

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FEARS: Will Kenya Lose Out On Lucrative Oil Deal As Uganda Seeks Mwanza Route?

FEARS: Will Kenya Lose Out On Lucrative Oil Deal As Uganda Seeks Mwanza Route?

By ROBERT KAMUKAMA MWANZA- SHIFTMEDIA- There is worry in Kenya regarding the new avenues created by other East African partner states on the importation of petroleum products. Uganda is among the states along the Northern…

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TAX ISSUES: East African States Agree To Fast Track Harmonization Of Tax Laws To Ease Free Movement Of Goods And Services

TAX ISSUES: East African States Agree To Fast Track Harmonization Of Tax Laws To Ease Free Movement Of Goods And Services

By PATRICK JARAMOGI KAMPALA-SHIFTMEDIA- The East African partner states are set to roll out a robust harmonised tax policies starting next month, a senior government official has disclosed. Director Economic Affairs Planning Ministry of Finance,…

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CONFIRMED: Nigeria To Host Focus Africa Science Innovation & Commodity EXPO 2021

CONFIRMED: Nigeria To Host Focus Africa Science Innovation & Commodity EXPO 2021

By AWORI ESTHER LUCY ABUJA, Nigeria-SHIFTMEDIA- It has been officially confirmed, Nigeria will host the “Focus Africa Science Innovation and Commodity Expo 2021” The theme of the expo to be held at the Abuja International…

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SEALED: CNOOC Uganda Limited, Stanbic Business Incubator Sign MOU To Bolster Oil And Gas Sector

By SMN CORRESPONDENT KAMPALA-SHIFTMEDIA- CNOOC Uganda Limited and Stanbic Business Incubator Limited (SBIL) have signed a Memorandum of Understanding (MoU) to facilitate a partnership and collaboration that will significantly contribute to the development and sustainability of…

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GAINS: Stanbic Bank Registers Ugx242b Profits In 2020 Despite Covid 19 Pandemic

GAINS: Stanbic Bank Registers Ugx242b Profits In 2020 Despite Covid 19 Pandemic

By Our Reporter KAMPALA-SHIFTMEDIA- Stanbic Uganda Holdings Limited (SUHL) has registered a profit of UGx242 billion after tax in its just published 2020 full-year results. Stanbic Uganda Holdings Limited (SUHL) is a subsidiary of Stanbic…

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DEBT BURDEN: “Reduce On Expenditures To Curb On Increasing Debts” – CSOs Urge Government

DEBT BURDEN: “Reduce On Expenditures To Curb On Increasing Debts” – CSOs Urge Government

By PATRICK JARAMOGI KAMPALA-SHIFTMEDIA– It is going to get worse before it gets better. The discussion now is whether Uganda’s skyrocketing debts should be totally cancelled as suggested by Uganda Debt Network’s Julius Kapwepwe, or…

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PROFITS: Stanbic Bank Releases Shs110b For Shareholders

PROFITS: Stanbic Bank Releases Shs110b For Shareholders

KAMPALA- SHIFTMEDIA – Stanbic Bank Uganda (SBU) shareholders will smile to the bank after they were paid out a total of Shs 110 billion as dividends financial year 2019. At the peak of the Covid-19…

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TAX TALK: Multiple Taxations Hurting Women Businesses In Uganda-CSOs

TAX TALK: Multiple Taxations Hurting Women Businesses In Uganda-CSOs

By PATRICK JARAMOGI KAMPALA- SHIFTMEDIA– Women who constitute over 39% of the businesses in Uganda are still facing issues of multiple taxations, Civil Society Groups in Uganda have observed. Addressing the issues of Gender and…

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CSOs Task Government To Increase Funding To Agriculture As Maize Ban Loss Totals Shs447b

CSOs Task Government To Increase Funding To Agriculture As Maize Ban Loss Totals Shs447b

By PATRICK JARAMOGI KAMPALA-SHIFTMEDIA– The consequences of Kenyan banning Uganda’s maize despite being a member of the East African Community are beginning to bite. Kenya on March 5 2020 slapped a ban on all maize…

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