Players warn that the move could discourage the growing savings culture Kampala, Uganda | JULIUS BUSINGE | Over the past few years, Uganda started experiencing a surge in the local population, especially youth interested in saving, growing their capital for future investments through the Unit Trust Funds. This is because Unit …
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However, SBG Securities Ltd.’s revenues were impacted largely by a drop in capital markets activities Kampala, Uganda | THE INDEPENDENT | Stanbic shareholders will get Shs 6.98 per share totalling Shs 235bn following a 33% growth in profits for the year ended December 31, 2022. This is 1.7% higher than the …
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Berlin, Germany | Xinhua | After two consecutive years of losses, Germany’s flagship airline Lufthansa said on Friday it had once again made a profit in 2022, as international air traffic recovered from the COVID-19 pandemic. Due to “strong increase in demand for air travel over the course of the year,” the …
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The banking industry except two credit institutions held strong capital buffers signalising increased resilience to potential shocks Kampala, Uganda | ISAAC KHISA | Uganda bank profits rose 27% in 2021 from the previous year as the economy partially recovered, but the industry’s future faces uncertainty due to the ongoing Russia-Ukraine …
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Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …
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Kampala, Uganda | THE INDEPENDENT | A Bank of Uganda report has revealed that commercial banks recorded profits to a tune of 874 Billion Shillings between March and September 2020. This is despite the Covid-19 pandemic that led to the closure of many businesses after the country went into lockdown. According …
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Washington, United States | AFP | Twitter shares took a pounding Thursday as an unsettling update on its global user base offset upbeat figures on revenues and profits in the past quarter. Shares skidded 9.8 percent to close at $30.80 following Twitter’s fourth quarter update, which showed a consistent profit trend …
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Kampala, Uganda | THE INDEPENDENT | Barclays Bank Uganda has recorded an impressive performance for the year ended Dec 2017, with a 30% growth in net profit to Shs72bn amidst a surge in the Non-Performing Loans. The financial results released on April 16 shows that the growth in profits was driven …
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The company records Shs 13.9bn loss in 2016 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity generation company, UEGCL, has slipped back into loss making territory a year after it registered a substantial profit in 2015 but the executives say the company has better days ahead. Financial records released in Kampala …
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Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …
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The Independent Uganda: You get the Truth we Pay the Price
