Stabnic Bank Uganda CEO, Anne Juuko Stanbic Bank Chief Executive Officer (CEO), Anne Juuko, on Wednesday morning dissected the different opportunities in the oil and gas sector. Early this year, key players in the oil and gas sector announced an Investment Decision worth US$ 10 billion. But speaking on the
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Finance PS, Ramatha Ggoobi Uganda’s GDP growth rate is expected to be at between 9 and 10% in five years. This was revealed by Ramathan Ggoobi, the Permanent Secretary - Ministry of Finance, Planning and Economic Development at the 3rd Annual National Content Conference happening at Serena Hotel in Kampala.
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Energy Minister Ruth Nankabirwa addressing participants at the Conference. Energy and Mineral Development Minister, Ruth Nankabirwa, has tasked the oil and gas stakeholders to ensure that the country’s first oil flows out of the ground by June 2025. Nankabirwa was Tuesday morning speaking at the opening of the 3rd Annual
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Deputy Secretary to the Treasury, Patrick Ocailap. Uganda’s Economy is expected to grow by 6.3% in 2022/23, the Deputy Secretary to the Treasury Patrick Ocailap has said. Speaking at the Absa Post Budget engagement Thursday at Sheraton Hotel in Kampala, Ocailap said that the economy is expected to grow from
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The Bank of Uganda (BoU), the country’s Central Bank says that Non-Performing Loans (NPLs) are likely to rise further through 2022. A Non-Performing Loan (NPL) is a loan in which the borrower is in default and hasn’t made any scheduled payments of principal or interest for a certain period of time. In
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Tumubweine Twinemanzi, the Executive Director-Supervision at BoU The collapse of Afriland First Bank Uganda Limited will have little impact on Uganda’s banking sector and the economy at large, Bank of Uganda (BoU) has said. Asked about the impact of Afriland First Bank exit on the banking sector and the economy at
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Tebandeke (2nd left) and his colleagues pose for a photo with Buganda Kingdom Prime Minister Charles Peter Mayiga. They met the Premier on their marketing expedition Keith Tebandeke Ddungu, the youthful proprietor of Keith’s Dairy is literally out of the business. Tebandeke started making yogurt in November 2021 with
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SPICL is represented by Fred Muwema Commercial Court has made a huge say in an on-going Court battle between Simba Properties Investment Co. Ltd (SPICL) and Vantage Mezzanine Fund II Partnership. This matter arises from Miscellaneous Application No. 0414 of 2022. On December 11, 2021 Simba Properties executed
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Simba Group Chairman, Patrick Bitature Vantage Capital Fund Managers Proprietary Limited has said the behavior of Simba Group and its Chairman Patrick Bitature in borrowing money from international lenders and failing to meet repayment and contractual obligations does not reflect well on Uganda’s international image as an investment destination, “nor
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URA CG John Musinguzi while addressing the media on Tuesday. Uganda Revenue Authority (URA) has announced revenue collections for the period July 2021 to March 2022. Addressing the media at the URA headquarters in Nakawa, Kampala on Tuesday, Commissioner General, John Musinguzi, said “From July to March, the actual net
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