Absa Bank Uganda officials in a group photo after announcing the financial results for 2023 Absa Bank Uganda has today reported a growth in revenue by UGX64 billion, amounting to a 15.6% growth from the previous year and resulting in a profit after tax of UGX146 billion, according to financial
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The Demand and Supply of Credit fell in the 3 months to Feb 2024 (DD fell to UGX 5.12 tn from UGX 6.21 tn and SS fell to UGX 3.22tn from UGX 3.66 tn in the previous quarter), Bank of Uganda’s Monetary Policy Report for April 2024, indicates. “PSC (Private Sector Credit) growth net of
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dfcu bank’s Annette Kiconco (2nd Left) joined representatives from Vision Group, The Embassy of the Netherlands in Uganda, KLM Airlines and Koudjis to launched the 9th edition of the Best Farmers Competition dfcu Bank, in partnership with Vision Group, The Embassy of the Netherlands, KLM Airlines, and Koudjis Nutrition BV, has launched the 9th edition
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A new report has revealed that seven out of every 10 Ugandans are operating a personal budget deficit and as such, need more money than they are earning to cover their personal budget. Additionally, the report says that Ugandans are relying on on their families and friends, personal savings and
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Barbara Asiimwe, Senior Manager - Salaried, at dfcu Bank We are four months into a new year and many of us are still at the initial stages of our yearly resolutions which we set in the hopes of improving our lives. While aspirations vary from person to person, achieving financial
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BoU Deputy Governor, Michael Atingi-Ego (Centre) addressing the press/file photo The Bank of Uganda (BoU) has increased the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, to 10.25%, up from 10%. On March 6, 2024, BoU held a Special Monetary Policy Committee meeting where the CBR was
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Finance Minister, Matia Kasaija (3rd left), Minister of State for Kampala, Kabuye Kyofatogabye (3rd right) and Goldmine Finance Managing Director, Allan Tayebwa (2nd left) and other Goldmine Finance officials pose for a photo after the launch of the company’s third branch on Wednesday in Kabalagala. Goldmine Finance Limited has opened
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Stanbic Uganda leadership pose for a group photo with senior Muslim leaders at Sheraton Hotel in Kampala Stanbic Uganda Holdings Limited (SUHL) Chief Executive Francis Karuhanga has pledged to amplify support for Muslim led businesses and retail clients based on Islamic financing models in tandem with their religion. “As Stanbic,
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Former Stanbic Uganda CEOs Patrick Mweheire and Anne Juuko reunite at SBG East Africa in Nairobi Members of Parliament have caused a debate on how much of the country's corporate sector should be headed by foreign managers, and whether this is really relevant. The Ugandan Parliament on Tuesday drew mixed
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Charles M. Mudiwa, the Chief Executive Officer, dfcu Bank dfcu bank has announced its audited financial results for the year ended 31st December 2023, indicating a growth in customer numbers, transaction volumes, fees and commissions. The results show that dfcu bank recorded a net profit of Shs34.03bn in 2023, up from Shs30.64bn
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