Uganda’s Prime Minister Ruhakana Rugunda has revealed that government is doing everything possible to deliver Uganda to a middle income status. He says service delivery has improved over the years. “The ultimate objective of the NRM government is to deliver Uganda to middle income status and I would like to
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Uganda has 24 operating commercial banks. The banking industry saw 19 banks record a net profit of Shs790.092bn in 2018 compared to the 17 banks that posted a profit of Shs785bn in 2017. This means that five (5) banks made losses in 2018. The five-loss making banks in 2018 made
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Private sector credit to agricultural sector has increased from Shs562 billion in 2013 to Shs1.53 trillion in 2018, figures from the Bank of Uganda (BoU) show. The increased lending from commercial banks is attributed to the introduction of Agricultural Credit Facility (ACF) in 2009 to provide medium to long term
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The Uganda shilling was ranging, oscillating up and down in a non- directional market. The unit opened the week stable, surrendered ground mid- week and at close of the trading, the shilling marginally strengthened supported by interbank selling. The trading was kept within the levels of 3755-3765. In the Interbank
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Rwenzori Pure Natural Mineral has beaten giant brands to emerge the top brand in Uganda ahead of Airtel and MTN in the 2019/2020 superbrands ranking. This year’s results were derived entirely from a comprehensive survey of Ugandan consumers undertaken by Kantar TNS. Previous survey results were derived from a weighting
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In this highly demanding, ever-changing and uncertain world, a young adult needs certain kinds of survival skills outside of the traditional protected academic and home environments. Victoria University in a bid to open up the university to the general public in partnership with the Chartered Institute of Logistics and Transport
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The Uganda Communications Commission (UCC) has signed an agreement between Uganda and Hollywood Film Festival at the ongoing Cannes Film Festival. This agreement paves the way for Ugandan Content to showcase in Hollywood, arguably, the World’s most prominent film city. The agreement was signed by Mr Bradford Parks, the Chairman
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Uganda’s banking sector has 24 operating commercial banks. However, the market is controlled by a few banks going by the 2018 financial results analyzed by Business Focus. For example, the top five most profitable banks including Stanbic, Centenary, Standard Chartered, Bank of Baroda and Barclays have a total market share
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The Uganda Government has set dates for vanilla harvesting to conform to the international practice. Addressing the press about Vanilla harvest dates at Uganda Media Centre today, Christopher Kibanzanga, the State Minister for Agriculture, who led a team from the Directorate of Crop Resources, said government is taking precautions on
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Liquid Telecom Uganda, one of the leading independent data, voice and IP provider in Eastern, Central and Southern Africa has joined Uganda’s Muslim fraternity in fasting and observing the holy month of Ramadhan. While supporting the Muslim Community at Kibuli Mosque on Friday, Liquid Telecom acknowledged the contribution that Muslim
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