African markets will become increasingly attractive in 2020 at a time when wider global trends are more set against the interests of international businesses than they have been for many years. Fractious geopolitics in a US election year, a rising tide of global activism and a new level of cyber
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The Bank of Uganda (BoU) has revealed that Uganda’s economic activity slowed down in 2019 due to slowing global activity and domestic factors. “The BoU’s high frequency indicator of economic activity, the Composite Index of Economic activity (CIEA),points to a moderation of economic activity since the beginning of 2019,” BoU
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Ecobank has won “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London. Ecobank Cameroon, Gambia and Rwanda won Bank of the Year at The Banker Awards on 28th November. This recognition came just before Ecobank Cabo Verde, Gambia, Liberia and Zimbabwe won Best
Read MoreThe inaugural National ICT Innovation Expo is scheduled to take place on Tuesday 17th December 2019 with the aim of showcasing the potential of ICT innovation in the country. The one-day event will be held at the Nakawa based Uganda Institute of Information and Communications Technology (UICT) Grounds and President
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The Minister of ICT and National Guidance, Frank Tumwebaze has revealed that the only sure way to kick corruption out of Uganda is Government Ministries, Departments and Agencies (MDAs) embracing ICT based solutions. Tumwebaze (in featured photo) made the remarks Tuesday morning while briefing the press about the ICT Innovations
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Today, the 5th of December 2019, Uganda joined the Global community to commemorate the World Soil Day. In a statement issued by Christopher Kibazanga, Minister of State for Agriculture in commemoration of the day said that Government appreciates the work of Soil Scientists at Makerere University and other Universities for
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Uganda’s national debt has hit a record high of Shs45.8 trillion, the Minister of State for Planning, David Bahati (pictured) has said. The details are contained in a motion tabled by Bahati seeking Parliamentary approval to borrow Euros600M from both Stanbic Bank and Trade Development Bank totaling to Shs2.4 trillion
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A new report has revealed that 65% of Uganda’s youth have periodic/non-consistent sources of incomes, with only 35% having steady/consistent income. This is contained in a report by GeoPoll based on data collected from youth populations in Kenya, Tanzania, Uganda, Ghana, Nigeria, and Côte d’Ivoire. Topics studied included income streams,
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The Bank of Uganda and the Deposit Protection Fund of Uganda has directed depositors of all Commercial Banks, Credit Institutions and Microfinance Deposit-taking institutions (MDIs) to up-date their personal information with their respective financial institutions. In a statement issued by the Central Bank, customers are required to submit National Identification
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Network International, the leading enabler of digital commerce across the Middle East and Africa, has published research highlighting the key trends putting Payment Acceptance at an inflection point of growth in Africa. The report further builds on its findings by outlining strategic opportunities for banks in the region. The White
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