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Housing Finance Bank Joins PostBank & Pride Microfinance To Enable Seamless Disbursement Of PDM Funds with Wendi Digital Wallet

BusinessFocus Reporter August 10, 2023August 10, 20230

L-R: Andrew Kabeera (Executive Director, PostBank), Japhet Aritho (Managing Director, Airtel Money), Edward Nkangi (Executive Director, Pride Microfinance), Hon. Kabuye Kyofatogabye (Minister of State for Kampala Capital City and Metropolitan Affairs), Micheal Mugabi (Managing Director, Housing Finance Bank) and Julius Kakeeto (Chief Executive Officer, PostBank) at the launch of the

Agribusiness News

Farming & Manufacturing Driving Uganda’s Economic Growth – Museveni

BusinessFocus Reporter August 10, 20230

President Yoweri Museveni (pictured) has said that the country's private sector in farming and manufacturing are the ones developing and transforming Uganda. This he said is in spite of the inconsistencies by the "corrupt officials." "That is why inflation is now 3.9%, one of the lowest in the world," the President said in

Banking Entrepreneurship

dfcu Bank Partners With Ugandan & South African Entities To Boost Investment Opportunities

BusinessFocus Reporter August 10, 2023August 10, 20230

Government officials and representatives from different entities poses for a picture during the launch of the Uganda-South Africa Trade and Investment Summit dfcu Bank has been unveiled as one of the key strategic partners of the Uganda-South Africa Trade and Investment Summit which will take place in September at Speke Resort Munyonyo. The

ICT News

Rifaly Launch In Uganda Ignites Groundbreaking Transformation In African E-Publishing & Storytelling

BusinessFocus Reporter August 9, 2023August 9, 20230

Arthur Mukembo (Left), Future Lab Studio Lead, Innovation Village, Frank Muthusi (2nd Left), Chairman Uganda Advertising Association and Kevin Kaija (Centre), Senior Product Manager (Afro-mobile), Chief Content Officer Next Media Services at the launch of Rifaly Smart Foundry, a Venture studio in Africa, in collaboration with leading organizations, has launched the Rifaly platform in Uganda, heralding a

News

NAADS Officials Probed For Diverting Shs7bn

BusinessFocus Reporter August 9, 20230

NAADS Executive Director, Samuel Mugasi National Agricultural Advisory Services (NAADS) officials found themselves in a challenging situation on Tuesday as they sought to address the concerns of the Public Accounts Committee on Commission, Statutory Authorities, and State Enterprises (PAC-COSASE). Their predicament arose from an irregular diversion of Shillings 7 billion.

Markets News

Airtel Uganda Set To List On Stock Market, Sell Shares Worth Shs8bn

BusinessFocus Reporter August 9, 20230

Airtel Uganda Chairman Karuhanga, flanked by MD Murali and Finance Director Mohan Airtel Uganda Ltd has confirmed its intention to list on the stock market of Uganda up to 20 percent of its shares, totaling 8 billion Shillings. The company, wholly owned by Airtel Africa plc, is due to publish

Banking News

‘Ugandans Mainly Using Mobile Banking Platforms To Withdraw Money’

BusinessFocus Reporter August 9, 2023August 9, 20230

More Ugandans subscribing to mobile banking are using the platforms to withdraw money from their bank accounts, than those using them to deposit, according to the service providers. This is one of the findings and developments in the banking and financial technology (Fintech) industries that will form the discussions at

News

African Leaders Push For Ban On Unprocessed Coffee Exports

BusinessFocus Reporter August 9, 20231

African leaders in a group photo on day one of the second African Coffee Summit taking place at Speke Resort Munyonyo in Kampala Leaders from coffee-producing countries in Africa are formulating strategies to halt the export of raw coffee beans. This initiative is aimed at elevating the income of farmers and

News

Minister Mutuuzo Meets American Delegation, Emphasizes African Values

BusinessFocus Reporter August 9, 20230

Minister Mutuuzo with Global Peace Festival delegates in her office in Kampala on Tuesday The Minister of State for Gender and Culture Affairs, Hon. Mutuuzo Peace Regis has reaffirmed the importance of upholding African values and family identity in the face of mounting pressure from foreign entities to embrace practices that

News

Pearl Dairy Launches Lato Nadolac, A Nutritious Product For Infants

BusinessFocus Reporter August 9, 20230

Pearl Dairy, the manufacturers of Lato milk, has announced the introduction of their latest product, Lato Nadolac. Designed as a complementary feeding solution for infants, Lato Nadolac aims to support parents in the essential journey of weaning their babies off exclusive breastfeeding by introducing solid foods. This crucial milestone should ideally