The group says in a letter signed by Chief Executive James Mwangi that “the Board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended December 31, 2019.”
The intense rains that started around August last year have raised Victoria’s water levels to just under 13.4 meters, a mark last recorded in 1964. Kenya is using the latest increase in water levels to push Uganda to enter negotiations for a regional policy governing the release of water at Jinja. The issue of a water release policy had come up at the East Africa Community.
Lucky Akello, one of the vendors in Kalongo market told Uganda Radio Network that there has been limited supply of onions by their suppliers for the past weeks. She says unlike in the past when they used to get onion supplies on a daily basis from various suppliers, only a few of them supply them once a week or at times even after two weeks.
The fire broke out on Monday night and razed five makeshift structures and a semi-permanent house belonging to Muhammed Abbas, a businessman in the area. According to Abbas, the fire started unexpectedly from the main building before spreading to the other makeshift structures.
Eric Katengo, a coffee farmer in Kalingwe, Kisinga Sub County, says both the curfew and ban on carrying passengers has affected the quality and volume of coffee they supply. He says buyers who use private means have seemingly halted business.