Uganda’s mobile money market continues to grow every passing day. Having been introduced about a decade ago, mobile money revolutionized the country’s financial sector. The latest figures from Uganda Communications Commission (UCC) indicate that the number of Mobile money registered subscribers grew to 24,472,033 in Quarter 4 of 2018, up
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Friday, July 19, 2019, marked the end of the 2019 Africa Cup of Nations (AFCON), a spectacular tournament that had people glued to their screens for the month of its duration. Africa moved to the rhythm of AFCON 2019, with more than 10 million people choosing Facebook to share their
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Rakesh Jha, who has been the Managing Director of Barclays Bank Uganda for the last five years, will leave the financial institution in August this year. The Bank’s Board has appointed Mian Nazim Mahmood as his successor in Interim capacity. During his tenure at the bank, Barclays’ total assets grew
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The Uganda Communications Commission has today, 22nd July, 2019, written to Airtel Uganda Limited, directing the telecommunications company to furnish the Commission with technical evidence on the capacity of its 4G network across the country. This follows complaints received from some members of the public regarding the quality and internet
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In 2007, dfcu, one of Uganda’s largest banks by assets launched the Women in Business programme. The programme has since grown to touch the lives of thousands of women entrepreneurs in various fields. In an exclusive interview with Business Focus, Victoria Byenkya (in featured photo), the Manager for the programme
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Domestic workers (housemaids) are on high demand especially in Middle East countries. While a domestic worker earns an average of Shs100, 000 per month in Uganda, the same worker earns an average of Shs900, 000 per month in the Middle East countries. But a worker in the Middle East is
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The Bank of Uganda (BoU) has revealed that on July 17, 2019 at 10:30am, the Central Bank experienced a temporary malfunction of the Real Time Gross Settlement System (RTGS). “It should be noted that this WAS NOT a system crash as has been portrayed in the media,” Prof. Emmanuel Tumusiime-Mutebile,
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Equity Bank Uganda is leveraging on technology not only to grow, but also bring more Ugandans into the banking fold. According to Samuel Kirubi, the Managing Director, Equity Bank Uganda, they are increasingly digitizing their products and services to meet customers’ needs. He gave an example of agency banking where
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The Minister of Finance, Planning and Economic Development, Matia Kasaija has heaped praises on Uganda’s flowers, describing them as the best in the world. “Our flowers are the best (in the world),” Kasaija said, adding that he was surprised at a recent flower expo in China that it’s Ugandan flowers
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The Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile has said he is uncomfortable with the high lending rates in the country. He made the remarks while speaking at the third edition of the Annual Bankers Conference held at Serena Hotel today on the theme - “De-risking Financing & Investment
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