Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …
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Stanbic Bank top executives tell shareholders as it rolls out offerings for women, targets oil and gas opportunities Kampala, Uganda | JULIUS BUSINGE | Whereas many businesses reported reduced earnings for the year 2020, others like Stanbic Bank Uganda Ltd, have assured their shareholders that they will earn their profits …
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Kenya’s consumer credit platform, Lipa Later, has expanded into the Ugandan market, enabling customers to access credit to purchase products from retailers and supermarkets in monthly instalments. Kampala, Uganda | JULIUS BUSINGE |The firm, which also has operations in Rwanda, said the new service will enable customers to purchase latest …
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Kenya’s ban on milk imports from Uganda is to blame Kampala, Uganda | JULIUS BUSINGE | Norman Nduho Kapaapa, a dairy farmer from Rwamuranda village, Kanyalyeru Sub-county, Kiruhura district loves President Yoweri Museveni’s message that urges Ugandans to engage in commercial agriculture to fight poverty. “I would like to thank …
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Many say, the planned expenditure may not boost service delivery Kampala, Uganda | JULIUS BUSINGE | Uganda’s newly proposed budget may not efficiently deliver services to the citizens, according to the Civil Society Organisations that do work on the budget. The first weakness was pointed out by Julius Mukunda, the …
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Kiruhura, Uganda | Julius Businge | Dairy farmers in South Western Uganda continue to cry over fluctuating low milk prices as the cost of running farms spike. In separate interviews with journalists on May 21-22, farmers said, the government has a solution for them but it is taking long to act. …
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Its comprehensive income declined during the one year coronavirus pandemic crisis, executives say Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund size grew by 16% from Shs12.66trillion in March 2020 to Shs14.62trillion in March 2021 amidst the coronavirus pandemic. The Fund’s Managing Director, Richard Byarugaba, and Chief …
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More funding, capitalisation of the bank coupled with increase in loan disbursements supported the growth in 2020 Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank Limited has realised a profit after tax for the year 2020 of Shs22bn, representing a 118% growth from Shs10.4bn reported in 2019 amidst the …
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Supported by earnings on deposits, loans, fees and commission Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda has reported an increase in profit after tax from Shs8.3bn in 2019 to Shs10bn in 2020 amidst the COVID-19 pandemic crisis. According to its financial results released on May 03, …
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What it means for clients and banking sector Kampala, Uganda | JULIUS BUSINGE | Kenya’s I&M Bank has completed the majority acquisition of Orient Bank Ltd from 8 miles LLP and Morka Holdings Limited, executives said on April.30. The Kenyan lender follows the footsteps of DTB, KCB, Equity and NCBA …
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