Sunday , December 22 2024
Home / In The Magazine (page 17)

In The Magazine

magazine stories

Uganda’s financial institutions posts record Shs1.4 trillion profit

Stanbic Uganda Holdings Ltd, Centenary Bank, and Absa Bank Uganda accounted for 60% of the industry’s aggregate profit Kampala, Uganda | THE INDEPENDENT | Uganda’s supervised financial institutions including commercial banks, micro-deposit-taking institutions (MDIs), and credit institutions, recorded a combined profit of Shs1.4 trillion for the year ending June 2024, a …

Read More »

PostBank disburses Shs6bn of GROW loans

Kampala, Uganda | THE INDEPENDENT | PostBank Uganda, committed to its mission of “Fostering Prosperity for Ugandans,” has disbursed the first tranche of the GROW Loan, amounting to Shs6 billion. The funds have been distributed to 353 women entrepreneurs as part of a project funded by the World Bank and implemented …

Read More »

UEDCL takes over electricity distribution in Western Uganda

This becomes the fifth concession acquisition in the past seven years Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited (UEDCL) has officially taken over Kilembe Investments Limited (KIL), a rural power distributor in Uganda’s Western Service territory, marking the fifth concession acquired by UEDCL. The handover ceremony, held …

Read More »

The new gang of four

China, Iran, North Korea, and Russia don’t have a formal defence alliance but they’ve formed an alignment driven by a shared dislike for the US-led world order COMMENT | RICHARD HAASS | The Gang of Four was the name given to four senior Chinese officials closely associated with some of the …

Read More »