Tag Archives: finance

  Johannesburg, South Africa | THE INDEPENDENT |  Absa Group has today reported strong normalised headline earnings of R21 billion ($1.15billion) for the 2022 financial year, an increase of 13% from the prior year and well above pre-COVID levels. The result, Absa Group said,  was driven by significantly higher pre-provision …

  Kampala, Uganda | THE INDEPENDENT | Airtel Mobile Commerce Uganda Limited (AMCUL) in collaboration with other Fin-Tech Stakeholders recently held a dialogue on how to achieve a progressive regulatory environment that supports affordable digital financial inclusion for Uganda. The fin tech sector is regulated by the Bank of Uganda under …

A smarter international strategy is crucial for driving greater investment toward clean-energy projects COMMENT | Sumant Sinha | Recent estimates suggest that the developing world will need $1 trillion of external climate finance annually by 2025, and $2.4 trillion per year by 2030, to meet the goals enshrined in the Paris climate …

Xente Launches Visa Business Cards in Partnership with Visa Kampala, Uganda | LOUIS JADWONG |  Godfrey Kabbyanga Baluku, State Minister for ICT and National Guidance, has said that by Xente attracting a partnership with Visa – the world’s leader in digital payments – Ugandan innovators have shown they can have an …

  A huge chunk of 2022/23 Shs48.1tn budget will go to the usual sectors of works and transport, security, health and education NEWS ANALYSIS | ISAAC KHISA | Uganda’s national budget, read on June.14, has drawn mixed reactions from various players, with manufacturers partly welcoming it but the civil society …

Kampala, Uganda | THE INDEPENDENT | Lawmakers on Commissions, Statutory Authorities and State Enterprises – COSASE were on Thursday morning left upset after the Minister of Finance, Planning and Economic Development Matia Kasaija failed to appear before them for the second time, without giving any reason. Led by Joel Ssenyonyi, the …

NEWS ANALYSIS | THE INDEPENDENT | Uganda’s Sh48.13 trillion National Budget has been approved by Parliament today. The approved budget has increased by sh5 trillion from the current financial year budget. Over half of this money is expected to come from domestic revenue collection with Government targeting  a collection of …

  Kampala, Uganda | THE INDEPENDENT | Uganda has not yet reached the level of setting the minimum wage, Ramathan Ggoobi, the Secretary to the Treasury and Permanent Secretary in the Ministry of Finance, Planning and Economic Development has stated. According to Ggoobi, it is bad economics to institute a …

Hoima, Uganda | THE INDEPENDENT | Billions of shillings disbursed to districts for the Parish Development Model (PDM) programme across the country are still lying idle just months to the end of the financial year. In February this year, President Yoweri Museveni launched the Parish Development Model (PDM) at Kibuku …

Mumbai, India | Xinhua | India will take over a decade, or around 15 years, to overcome the losses incurred during the COVID-19 pandemic despite its economic growth rebounding from a low-base, the country’s central bank said in a report on Friday. The monetary losses estimated by the Reserve Bank …