Uganda Hotel Tourism and Training Institute was constructed by Roko Government through the Deputy Solicitor General, Pius Perry Biribonwoha has warned that if the proposal by Ministry of Finance to inject Shs202.13bn into Roko Construction Company by way purchasing 150,000 preferential shares in the company, is rejected by Parliament will leave Uganda’s banking
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Ecobank Group Special Executive Advisor to the Group CEO, Cecilia Akintomide (centre) receives the Euromoney awards on behalf of Ecobank Group during the Euromoney Awards for Excellence in London During the prestigious Euromoney Awards, Ecobank won the coveted titles of 'Africa's Best Bank,' 'Africa's Best Bank for SMEs,'
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Bankers have apologised to small and medium enterprises (SMEs) over the management of the government COVID-19 relief package and other similar co-funded programs. These include the Agriculture Credit Facility, which is aimed at helping farmers access cheaper credit and the Small Business Recovery Fund announced mid-last year as a rescue package
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Private Sector Credit (PSC) growth is expected to decline in the coming months due to the tightening monetary conditions, the Bank of Uganda (BoU) has said in its Monetary Policy Report for July 2022. This after BoU increased its Central Bank Rate (CBR) by one basis point to 8.5 percent
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Grace Muliisa, the Ecobank Uganda Managing Director, speaks at a recent event Ecobank Uganda, a subsidiary of the pan-African Banking Group, Ecobank Transnational Incorporated, and parent company of the Ecobank Group, is undergoing transformation in order to serve customers better, Business Focus exclusively reports. Ecobank Uganda has posted inconsistent results for over
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The Uganda Development Bank (UDB) plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises (SMEs) in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase in spending,
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Dr Fred Muhumuza is a seasoned analyst and economist Experts have voiced their views on how the Bank of Uganda is using its policies to control rising inflation. They argue that the measures could hurt the economy more, at least in the short run. The Central Bank on
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Chris Baryomunsi, the Minister of Information and National Guidance Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions (MDIs) Act 2003. According to the proposed changes, MDIs will now offer all services offered by other banks, which has not been the case. The Minister of Information and
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BoU Deputy Governor, Dr. Michael Atingi-Ego The Bank of Uganda (BoU), the country’s Central Bank Tuesday afternoon announced an increase in the Central Bank Rate (CBR) by 1 basis points to 8.5 percent so as to stablise inflation around the [5%] target. The CBR is a benchmark lending rate for
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R: Jude Kansiime, the Head of Products and Marketing at Dfcu bank, Mathias Katamba, the dfcu bank Managing Director, Kabaka Ronald Mwenda Mutebi, Nnabagereka Sylvia Nagginda and Katikkiro of Buganda . Charles Peter Mayiga The Katikkiro of Buganda Owek. Charles Peter Mayiga has commended dfcu Bank for its continued support and
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