At least 23 financial institutions in Uganda now have their Automated Teller Machines (ATMs) and points of sale connected by Interswitch, an integrated payments and transaction processing company. This means that account holders at the various banks and other financial institutions can now access their accounts at 650 ATMs countrywide,
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Uganda's debt stock has witnessed a significant surge over the past decade, primarily driven by the government's intensified investment in infrastructure projects. This trend gained further momentum in the fiscal year 2020/2021 during the COVID-19 pandemic. The total national debt, (domestic and external) increased to 21.74 billion dollars (about 80.77
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Ronald Kasasa, (R) Head of Business Banking, dfcu Bank, handing over a certificate to one of the participants at the launch of the Environmental, Social, and Governance (ESG) module yesterday at Silver Spring, Bugolobi organized by dfcu Bank. dfcu Bank, in partnership with GOPA Worldwide Consultants, have today successfully launched
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City Hall, the head offices of KCCA The Kampala Capital City Authority (KCCA) has revealed that the money released for fixing roads across the city was used to pay off contractors as to convince them to take up more work. The revelation was made by Dorothy Kisaka, Executive Director while
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UBA officials are joined by students of Emma High School to plant trees in commemoration of the World Environment Day The United Bank for Africa Uganda (UBAU) has launched a tree-planting campaign across the country in commemoration of the World Environment Day. The bank is using the campaign to create
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Minister of Finance, Matia Kasaija will present the 2023/4 budget next week. Part of the budget will be financed through borrowed funds Uganda's debt stock has witnessed a significant surge over the past decade, primarily driven by the government's intensified investment in infrastructure projects. This trend gained further momentum in
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A photomontage of bank Chief Executive Officers and Managing Directors Total customer deposits for Uganda’s banking industry grew to Shs31.53 trillion in 2022, up from Shs28.17 trillion recorded in 2021, an exclusive analysis by Business Focus, reveals. Customer deposits is one of the key performance indicators for banks. They (banks)
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Lifestile, a premium stone coated roofing product, being launched Uganda Baati Limited, a member of the Safal Group and one of Uganda’s leading manufacturers and suppliers of quality steel building solutions, has launched a new ‘climate smart’ product called Lifestile. Speaking at the launch event held at Serena Hotel in
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The Diary Development Authority-DDA South Western Regional office has recorded over 20 cases of illegal centrifugation, which is commonly used to separate cream from milk. These cases have been reported in Kiruhura, Isingiro, Kazo, and Ibanda districts. Dr. Moses Ahimbisibwe, the Regional Manager, explains that this process involves the use
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Makerere University is facing an atmosphere of apprehension following the delayed disbursement of the May staff salaries, a week into the new month. At the end of April, the University Secretary expressed regret for the delay, attributing it to unforeseen challenges in transitioning the payroll data from the integrated Personnel
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