The Government of Uganda plans to abandon a move to borrow Euro500M (Shs2.008Trn) from Amarog Capital Ltd, Sovereign Infrastructure Group and other financial institutions, after discovering that Amarog is a private money lender operating in agriculture sectors in Kenya and Uganda. The Minister of State for Finance (General Duties), Henry Musasizi (pictured),
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Fred K. Bamwesigye (C), the Director General at UCAA addressing the press as Captain Aziz Sentamu (L), the President- UPPA and Vianney M. Luggya (R), the UCAA Spokesperson, look on The Uganda Professional Pilots Association (UPPA) in partnership with Uganda Civil Aviation Authority (UCAA) has organized an aviation expo themed
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Eng Kuta is targeting 80,000 kilograms of kasse in 2024/2025 About nine kilometers along Kikyusa road off Kampala-Gulu Highway is Kikerege Trading Centre and a few meters behind it is JBK Farm. The 30-acre farm belongs to Jossy Balissa Kuta, a Biomedical Engineer, who is so knowledgeable and passionate about coffee
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Commercial banks increased the prime borrowing rate to an average of 20.39 percent in the three months to January from 19.86 percent in the three months to September 2022, the Bank of Uganda (BoU) has revealed in its recently published Monetary Policy Report for February 2023. This was in response
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Uganda earned Shs223.3bn from coffee exports in April/UCDA photo Uganda’s coffee exports in April 2023 amounted to 373,610 60-kilo bags, worth US$59.99 million (Shs223.3bn), Uganda Coffee Development Authority (UCDA) says in its monthly report for April 2023. This comprised 238,636 bags of Robusta valued at US $31.50 million and 134,974 bags of Arabica valued
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A photomontage of bank Chief Executive Officers and Managing Directors Commercial banks are struggling to recover money lent out to customers. According to the recently released audited financial statements of banks for the year ended 31st December 2022 analyzed by Business Focus, total industry Non-Performing Loans (NPLs) increased to Shs1.19 trillion
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A photomontage of bank Chief Executive Officers and Managing Directors Uganda’s banking industry total assets increased by 252% to Shs45.44 trillion in 2022, up from Shs41.34 trillion recorded in 2021, an exclusive analysis by Business Focus, shows. For the last seven years, this website has exclusively analyzed the performance of banks based
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Entebbe Airport had an average of 4,242 passengers per day in April Entebbe International Airport recorded 127,283 passengers in April 2023, Uganda Civil Aviation Authority (UCAA) has said. This translates into an average of 4,242 passengers per day compared to 122,341 in the same period of April 2022 (an average
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Anthony Kituuka, the Equity Bank Uganda Managing Director. Equity Bank Uganda profit reduced by 46.8% to Shs45.75bn in 2022, down from Shs86bn in 2021, according to the bank’s audited financial statements for the year ended 31st December 2022. According to the banking industry results analyzed by Business Focus, Equity Bank is
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Housing Financial Bank officials and their guests in a group photo after the launch of Hoima City branch The Bank of Uganda (BoU), the regulator of the banking sector, has applauded Housing Finance Bank (HFB) for officially opening its 18th branch in Hoima ‘Oil’ City, saying the move is strategic.
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