dfcu Bank MD, Charles Mudiwa dfcu Limited is celebrating 60 years of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses in Uganda’. dfcu was established in 1964 as a development finance institution and since then, has contributed to national socioeconomic transformation, growing together with Uganda since
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The UBA Executive Committee 2024/2025; L-R: Wilbrod Owor (ED, UBA Secretariat), Sanjay Rughani (CEO, Standard Chartered), Micheal Mugabi (MD/CEO, Housing Finance Bank), Julius Kakeeto (MD, Post Bank), Patricia Ojangole (MD, Uganda Development Bank), Edgar Byamah (MD/CEO, KCB Bank), Shafi Nambobi( CEO, UGAFODE) and Mumba Kalifungwa (MD/CEO, Absa Bank). Micheal Mugabi,
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Moody's Ratings (Moody's) has downgraded the Government of Uganda's long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed the outlook to stable from negative. The downgrade of the ratings reflects diminished debt affordability and increasingly constrained financing options, amid greater reliance than in the past on comparatively
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Geraldine Ssali (Left) and officials from trade ministry appearing before PAC The Permanent Secretary of Ministry of Trade, Industry and Cooperatives, Geraldine Ssali has clashed with MPs on the Public Accounts Committee (PAC) over the December 2023 Auditor General’s report. MPs halted the consideration of the Ministry of Trade’s December 2023
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Last week, URA ‘s team one commenced a two-week long joint operation with Uganda Traffic Police and the Military. The operation targeted foreign registered motor vehicles, those with red plates (tax exempted vehicles), duplicate number plates and forged ones. Following intelligence reports, a number of check points were staged around
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Finance Minister Matia Kasaija will formally read the budget for FY 2024/25 in June Parliament last Thursday approved the Shs72.13 trillion budget for Financial Year 2024/2025, up from Shs52.736 trillion budget in FY 2023/24. The theme for FY 2024/25 remains “Full monetization of Uganda's Economy through Commercial Agriculture, Industrialization, Expanding
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Maganda Shakul, exhibiting his idea - Street Flash Mob concept during the challenge Two creatives, Gloria Awori and Maganda Shakul, each walked away with $6,000 (approximately Shs22.8m ) in funding grants after winning the Africa Creative Challenge. This innovative competition aims to support creatives in the early stages of business
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Kenya's Road and Transport CS Kipchumba Murkomen, Rwanda's Minister of Infrastructure Jimmy Gasore and Uganda's Minister of State for Works and Transport, Fred Byamukama after signing a joint ministerial statement on the development of the Standard Gauge Railway on May 3, 2024. Kenya has secured a commitment from China's Exim Bank
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Lilly Ajarova, the Executive Director of the Uganda Tourism Board Government through the Uganda Tourism Board (UTB) has announced a comprehensive initiative to register and license all tourism enterprises in the country, aiming to identify and eliminate illegal operators. This move targets all unlicensed tourism enterprises, including hotels, restaurants, guest
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A shortage of fresh milk has hit Jesa Farm Diary. The shortage is attributed to delayed ongoing factory works which have taken longer than anticipated. "Our Fresh Milk is currently experiencing a shortage," said JESA in a statement. "We understand this may be disappointing and inconvenient, and we sincerely apologize for
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