Kampala, Uganda | THE INDEPENDENT | The spike in domestic borrowing by the government has increased the discomfort in the private sector, as commercial banks also raise their interest rates. Commercial banks have been announcing new prime lending rates over the last three months, attributing their decisions on ‘current business environment’ …
Read More »European Union renews efforts to grow Ugandan export
Kampala, Uganda | THE INDEPENDENT | The European Union and the Private Sector Foundation Uganda (PSFU) have revived the Sustainable Business for Uganda (SB4U), a trade improvement initiative that was disrupted by the COVID-19 outbreak, one year after its launch. The platform launched in 2019 is aimed at enabling Uganda’s export …
Read More »Tanzania – Uganda oil and gas symposium set for November in Dar-es-Salaam
Kampala, Uganda | THE INDEPENDENT | Private Sector Foundation Uganda together with Tanzania Private Sector Foundation in partnership with the ministry of foreign affairs through its Uganda High Commission in Tanzania will convene a Tanzania-Uganda Oil and gas symposium on November 25 in Dar-es- Salaam, officials said in Kampala on Oct.26. …
Read More »dfcu Bank cuts dividend payout to Shs 13bn
Long serving board chairperson Elly Karuhanga retires in September Kampala, Uganda | ISAAC KHISA | dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed …
Read More »Gideon Badagawa: End of an era
Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda Chief Executive Officer, Gideon Badagawa died on Monday at Mulago National Referral Hospital where he had been admitted. The death of the accomplished business administrator was announced by the PSFU board chairman Elly Karuhanga, who said that Badagawa’s wife, Susan …
Read More »Gov’t policies could hurt economy – PSFU
Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation is concerned that the policies that the government is putting in place are likely to worsen the effects of the Covid 19 pandemic on the economic and social situations in the country. The Private Sector Foundation Uganda Chairman, Elly Karuhanga says …
Read More »PSFU partners with Mastercard Foundation to support COVID-19 fight
Kampala, Uganda | THE INDEPENDENT | Julius Businge | The Private Sector Foundation Uganda (PSFU) in partnership with Mastercard Foundation through the COVID-19 Economic Recovery and Resilience Response Program (CERRRP) managed at PSFU has handed over personal protection equipment among other items to complement the efforts of the Government of Uganda …
Read More »ANALYSIS: The $3.55 billion pipeline deal
Contractor, gov’t offer pointers, urge suppliers to get ready Kampala, Uganda | RONALD MUSOKE | Excitement filled Hotel Africana’s spacious Nile Hall on Jan.17 as hundreds of local suppliers braced for details about the specifics of the $ 3.55 billion pipeline deal contained in the study about its engineering designs. Houston-based …
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