Tag Archives: Banking

After good economic performance in 2018, can the Uganda economy maintain the momentum? COMMENT | MUSA MAYANJA LWANGA | Despite the political violence that threatened Uganda’s international image, the year 2018 was a great year for the country in terms of economic performance. Estimates show that the economy grew at …

      Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity increased for December 2018 signalling improved business environment. The Stanbic Bank Purchasing Manager’s Index (PMI) for manufacturing and services rose to 56.6 for December from 55.7 recorded in the previous month owed to increased demand for various products and services. Anything …

COSASE shouldn’t sacrifice economic stability at the altar of publicity as it could collapse the economy COMMENT | SIMON MUTUNGI | The Chairman of the parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) Abdu Katuntu (MP Bugweri County) rejected President Yoweri Museveni’s advice to hold the committee proceedings …

Kampala, Uganda | THE INDEPENDENT | Equity Bank is one of the 25 commercial banks offering financial services in Uganda. The Independent’s Julius Businge spoke to the Bank’s Executive Director, Anthony M. Kituuka on their strategy to deliver good growth in 2019 and beyond. What are your expectations in this New …

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has cited possibility of conflict of interest in the sale of Global Trust Bank to DFCU. The committee in Friday continued its investigation into a decision by Bank of Uganda (BoU) to sale the Bank …

The Bank of Uganda has maintained the benchmark central bank rate at 10 percent. Kampala, Uganda | THE INDEPENDENT | Governor BoU Emmanuel Tumusiime Mutebile says that the 12-month inflation forecast has improved slightly relative to October 2018 forecast. The Consumer Price Index data by Uganda Bureau of Standards indicates that …

Kampala, Uganda | ISAAC KHISA | Cairo-based African Export-Import Bank (Afreximbank) is seeking to recruit at least 700 commercial banks as agents across the continent to extend financial services to Small and Medium Enterprises (SMEs). Amr Kamel, the Bank’s Executive Vice President, Business Development and Corporate Banking, said the multi-lateral lender …