Ugandan banks have been cautious towards lending to the private sector in recent years due to high Non-Performing Loans (NPLs) that have plagued the banking sector. NPLs have largely been attributed to the sluggish economy that has seen many borrowers fail to pay back their loan obligations, leaving many banks
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Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding
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By Amon Baita ‘Safe Drive Uganda’ is the code name for the mandatory motor vehicle inspection exercise. The recent Parliamentary review of the contract between SGS and Ministry of Works and Transport about the vehicle inspection exercise has led to certain misrepresentations of facts and this ought to be clarified.
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Many successful entrepreneurs constantly carry out research about business they are involved in as well as other investment opportunities. It is this passion that saw a youthful Kenyan travel to Uganda to learn more about the mandazi business. KDF, the mandazi and not the Kenya Defence Forces, is one of
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Top South African ruling party officials are planning to press ahead with negotiations over the weekend to bring an end to Jacob Zuma’s presidency, reports Bloomberg. The African National Congress is trying to wrap up a deal for Zuma to resign so that Cyril Ramaphosa, who became the party leader
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110 foreign exchanges and money transfer bureaux in Tanzania were shut down last month after failing to observe new regulatory guidelines. The Bank of Tanzania (BoT) made regulation changes due to money laundering activities and the need to protect the Tanzanian Shilling. In a press briefing, Eliamringi Mandari, manager Directorate
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Opposition groups in South Sudan have agreed to unite against the country's president, Salva Kiir, Radio Tamazuj reports. The decision came amid ongoing peace talks in the Ethiopian capital of Addis Ababa, which Mr Kiir is not attending. The coalition says Mr Kiir is an "unfit leader", noting that he
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The Uganda Shilling was stable backed up by improved forex inflows in a market characterized by very low corporate demand. Trading was in the range of 3637/3647. In the Interbank money market, overnight funds traded at 8% while one week money traded at 9:50%. In the fixed income market, trading was
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The Ugandan government has suspended four officials at the start of an investigation into alleged mismanagement of funds meant to support refugees. The UK, EU and US are threatening to withdraw aid and stop programmes. Apollo Kazungu, commissioner for refugees in the Office of the Prime Minister, and three of
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URA FC has unveiled 7 players signed in the January Window ahead of the next half of the season. These are: Herman Wasswa, 23, (Forward) from Lusaka Dynamos, Deboss Kalama, 28, (Forward) from Kira United FC, Godfrey Ssembatya, 20, (Midfielder) from Nangabo Green Valley, Sadrach Ssebulime, 21, (Goal Keeper) from
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