A photo montage of some bank CEOs/MDs Customer deposits for the 25 commercial banks operating in Uganda increased to Shs33.92 trillion in 2023, up from Shs31.53 trillion in 2022. Business Focus’ exclusive analysis of the banks’ financial statements for the year ended 31st December 2023 shows that the top 10 largest banks
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Grace Semakula(left), the Chief Executive of SBG Securities, Francis Karuhanga (2nd right) , the Chief Executive of Stanbic Uganda Holdings Limited, and Aggie Konde (right), the Board Chairperson of SBG Securities. In a move poised to transform Uganda's investment landscape, SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has
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President Yoweri Museveni President Yoweri Museveni has accused MPs of sabotage and interfering with his duties of budgeting for Uganda, saying that in four years, Parliament has reallocated over Shs3Trn. This is contained in his 22nd June 2024 letter accompanying the returned Appropriation Bill 2024. “The recent case of the Members of
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The Hawaiian Coffee Labeling Act 211, which requires all Hawaii-branded coffee products to include a disclosure of the coffee’s origin and percentage of locally grown and other coffee grown elsewhere, is set to take effect this week. The law also mandates that coffee labeled as “100 percent Hawaiian” must be
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UIA DG Robert Mukiza The government has landed on another plot to have officials of the Uganda Investment Authority (UIA) share Shs 40 billion (8 million euros). In June, it emerged that officials of the UIA shared Shs 549 million in honoraria. Shs 300 million had been lined up for
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Minister Evelyn Anite The Minister in Charge of Investment in the Ministry of Finance, Planning, and Economic Development has described it as obscene. Anite, the former Member of Parliament for Koboko, wants the salaries reviewed and slashed. She was speaking on X Spaces on Monday evening while addressing the issue
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dfcu Bank management, and Guest of honor cutting cake during dfcu bank's 60 year anniversary celebrations at Mestil Hotel dfcu Bank has officially marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses. The Diamond anniversary event,
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UBL team after receiving the award Uganda Breweries has been honored with the prestigious National Sustainable Environment Award in the Food and Beverages sector at the National Environment Management Authority (NEMA) Sustainability Awards. The award recognises UBL's commitment to environmental stewardship and sustainable business practices, showcasing its continuous efforts to
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Finance Minister, Matia Kasaija MPs on Parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) have raised concern over delayed release of funds to Universities, saying this is a recipe for strikes among public universities on grounds that students pay for certain services, but aren’t able to access the services in
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Coca-Cola Beverages Uganda has innovated a system that helps it to consistently deliver quality products to consumers across the five geographical territories of Kampala, Central, North, East and South. A network of Official Coca-Cola Distributors (OCCDs) is helping to ensure that Coca-Cola products reach Ugandans efficiently in every corner of
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