John Gachora, NCBA Bank Group MD (Left); Wasswa Hannington, BoU Director Commercial Banking and Mark Muyobo CEO NCBA Bank commissioning the Namanve Branch The Central Bank has allayed fears that some banks are at risk of failing due to the recent tightening of regulatory requirements, saying that currently, all regulated
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The Ugandan government is banking on its comprehensive Business Process Outsourcing (BPO) and Information Technology Outsourcing (ITO) strategy to create 100,000 direct jobs by 2030. This ambitious plan aims to tackle the country's youth unemployment crisis, with approximately 10 million young people aged between 18 and 30 outside of formal
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The renowned Nyege Nyege Festival, now in its 9th edition, will take place from November 14th to 17th and has been relocated from Jinja to the Source of the Nile in Njeru. This move is intended to provide festival-goers with a more convenient experience, eliminating the need to walk long
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The Deputy Speaker, Thomas Tayebwa, presents publications to the visiting German legislators in his Chambers on Thursday, 23 May 2024 Deputy Speaker, Thomas Tayebwa, has called for the support of visiting Germany legislators to push the European Union to import more Ugandan coffee. To achieve this, Tayebwa urged the EU,
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Left - Right: Salim Kitagenda, the Head of Products at Stanbic Bank; Israel Arinaitwe, the Head of Personal Banking, Sylvia Atuhairwe, the Head of Distribution at Stanbic Bank Uganda; Albert Yiga, Stanbic Bank Uganda’s Head of Education Sector and Dogo Singh, the Head of Bancassurance at Stanbic Bank Uganda, address
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UDB's Director of Strategy and Corporate Affairs, Joshua Mwesiga, donating blood after launching the exercise in Kampala on Thursday. Uganda Development Bank (UDB) and its partners have today organized a blood donation drive to bolster the much-needed blood bank at Mengo Hospital. Mengo Hospital and Minet are the technical partners
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Coffee prices Wednesday extended Tuesday's sharp rally and posted 3-week highs. Coffee prices moved sharply higher this week on concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rainfall or 0% of
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Ssebirumbi in a long sleeved Shirt appearing before Court on Wednesday. The Buganda Road Chief Magistrates Court has sentenced to caution, a Technician Christopher Ssebirumbi attached to the Bank of Uganda for malicious damage to 31 Air Conditioners belonging to the Central Bank. Ssebirumbi 48, on Wednesday, appeared before Grade
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A photo montage of some bank CEOs/MDs The Ugandan banking sector remained resilient in 2023 despite weak economic growth prospects, heightened inflation and elevated geopolitical tensions. Business Focus’ exclusive analysis of banks’ financial statements as of 31st December 2023, shows that 23 banks made a record profit of Shs1.42 trillion in 2023,
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Uganda is increasingly earning big from coffee President Yoweri Kaguta Museveni has said that the Government is targeting to increase Uganda’s coffee revenue from 1 Billion US dollars to 5 Billion Dollars from the coffee value chain. The President was speaking on Tuesday in Karuhungu Rwashamaire Town Council, Ntungamo District
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