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In his keynote budget speech 2016/17, the President said that telecoms are evading taxes by under-declaring their revenue. “The telephone companies have been evading tax. They make 3 million calls from outside, but declare only half of it and all the money is hidden.”  Noted the president.

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It all started in 2004. And 12 years later, MTN Kampala Marathon has lived not only to identify and promote talent of athletics but also give back to the community. MTN Kampala marathon is an annual athletics event, organised by MTN with support from other partners.

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In his keynote budget speech 2016/17, the President said that telecoms are evading taxes by under-declaring their revenue. “The telephone companies have been evading tax. They make 3 million calls from outside, but declare only half of it and all the money is hidden.” Noted the president.

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Mr. Zimbe walked into my office. He wanted to get a credit facility. He stood still while pocketing, “what procedure do I have to go through to obtain a loan from this bank?” Zimbe asked. I offered him a seat which he hesitatingly accepted.

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A friend of mine asked me to lend him a large sum of money payable in a week’s period. Given the fact that I doubted his credit worthiness, I gave him a small amount. I had benefit of doubt. The friend proved me right. He failed to pay back the principal he took from me, excuses never ended. One day he would talk of a sick relative, next time of his business partner taking long to pay his money. The pattern was consistent, he would ask for more time. It was a bad debt as I expected.

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From the print edition: Summit Business July 2016

Kenneth’s friend made decent money working as a mystery shopper. When Kenneth was contacted for a similar position and got the job, he was excited.

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What would you do if your doctor sent an SMS to your phone that he needs you urgently at the hospital? Of course many questions would race through your mind and you most probably be unsettled until you meet the Doctor.

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A rising tide, lifts all boats. NIC holdings formerly National Insurance Corporation (NIC) limited has registered a 7% rise in group net profit to Ugx1.9billion for 2015 from Ugx1.798billion in the year 2014.

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Mary Kyomuhendo, a senior consultant at one of the top Multi-National Companies having its subsidiary branches in Kampala has been battling serious illness following a deadly car she survived narrowly.

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Exchange rates; the Uganda shilling held steady averaging between UGX 3350-3410 per dollar in June. Over the past two quarters, the shilling has held ground against the major trading partner currencies, that is, the USD, Euro and Kenya Shilling. This steady hold of the shilling is attributed to the expensive credit which has continued to stifle private sector credit growth.

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Let’s set the record straight – you must invest money in order to suc­ceed. Your choice of business and entrepreneurial acumen will determine your profitability and future success.

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Inflation is starting to creep up as the election year comes around the corner. At the same time the shilling is rapidly losing ground against the dollar. The shilling is trading at an average 3,500 against the greenback, its lowest level.

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You have to come up with a viable activity where we shall give back to the community else you will score a zero in that parametron in your appraisal!” This is what my manager told me on that cold Monday morning. I had been hit by the heavy morning downpour. My clothes drenched in the cold drizzle stuck to my skin almost like glue and totally ruined my morning. In that state thinking about giving back to the community was the last thing I wanted to do, instead I needed someone to take care of myself.

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Managing risk in line with strategic objectives is every board’s critical role. As risk management function evolves to become a core area of business practice driven by the board, it is important to empower individual staff at the company level to be risk champions in their department. This calls for automated risk management processes and regular trainings of staff.

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Founded in 1960, Cooper Motor Corporation (CMC) has undergone a comprehensive organizational transformation aimed at exceeding customer needs and experience.

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