Company officials say the business is here to stay Kampala, Uganda | JULIUS BUSINGE | E-commerce firm, Jumia Uganda, a subsidiary of the pan African e-commerce company, Jumia Group on June 10, celebrated eight years of business operations at a mini-press conference held in Kampala, where top officials said they …
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Bank of Baroda has recorded a 38% drop in net profit to Shs 45.3bn for the year ended Dec. 2019 but the management hope for better performance in future as it embarks on massive digitalisation. Kampala, Uganda | ISAAC KHISA | The bank’s latest financial performance also shows that whereas …
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Kampala, Uganda | THE INDEPENDENT | Ugandans hold as much as Sh7.8 trillion on time deposit accounts, a figure which, according to the central bank implies confidence in the banking system. A time or term deposit is an interest-bearing bank deposit account that has a specified date of maturity, where …
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🇺🇬 Export earnings ⬆ 2017/18 – 2018/19 Gold 🥇 US$343m – US$1,068m Fish 🐠 US$146m – US$185m Tobacco US$54m – US$85m Cocoa B US$58m – US$73m 🇺🇬 Export earnings ⬇ 2017/18 2018/19 Coffee☕ US$492m …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has promoted more than 2,031 officers and men of the Uganda Peoples Defence Forces (UPDF) to various ranks. One hundred of the officers were promoted to align with establishment appointments, 97 were promoted due to retirement, 130 were promoted for long …
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The economic rescue initiatives can only succeed without political interference Kampala, Uganda | ISAAC KHISA | How can central banks in the East African Community boost private sector credit that has since last year slowed down? That was one of the issues that the Central Bank Governors in the region …
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Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …
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Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …
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Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …
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Former Old Kampala Police Division Commander Joram Mugume has been ordered to pay a fine of Shs1m or face a one year jail sentence for assaulting WBS journalist Andrew Lwanga. Buganda Road Court Grade One magistrate Gladys Kamasanyu said court took into consideration the hospital bills worth Shs11m footed by …
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The Independent Uganda: You get the Truth we Pay the Price