Barclays Bank of Uganda Ltd recorded Shs68.84bn profit after tax in 2018, down from Shs72bn registered in 2017, representing a reduction of 4.38%. This is according to the bank’s financial results for 2018 released yesterday. A critical look at the figures show that the profit reduced due to increased expenditure
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Do you sit for long hours? Are you regularly on the road driving? Do you lack time to exercise regularly? Do you have back pain? The automatic massage bed at Mystique Massage Clinic in Wandegeya is the answer. According to Dr. Chris Kiggundu, a specialist in bones, the automatic massage
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The Uganda shilling traded stable supported by portfolio and commodity flows as demand remained muted in a short trading week ahead of a long Easter weekend. Trading was in the range of 3730/3740. In the money market, the average interbank lending rates held at 7% and 10% for overnight and
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Nicolas Pompigne-Mognard, Founder and Chairman of APO Group ( formerly known as the African Press Organization), the leading media relations consultancy and press release distribution firm working in Africa and the Middle East with African governments, international institutions and companies active in Africa was in Kampala, Uganda recently. His visit
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Pope Francis has appointed Rev. Msgr. Serverus Jjumba (in featured photo) the new Bishop of Masaka Diocese. He replaces Rt. Rev. John Baptist Kaggwa, who wrote to the Pope resigning upon reaching the age limit. The announcement was made by Luigi Bianco, the Apostolic Nuncio to Uganda today. Bishop-elect Jjumba
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Government of Uganda borrows funds from the public. Bank of Uganda (BoU) is an Agent of Government to collect money (since 1969). The public/lenders place funds with government through their Central Securities Depository (CSD) accounts opened at BOU. The following are the instruments auctioned and used for fiscal purposes (prior
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The first Deputy Prime Minister, General Moses Ali has commended Uganda Communications Commission (UCC) for the sponsorship the establishment of a state-of-the-art solar-powered ICT computer laboratory at Bezza Al Hijji Senior Secondary School located in Adjumani West County, Adjumani District. The lab comprises 21 computers and other accessories. Established using
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The Uganda shilling weakened mid-week undercut by strong demand mainly from the interbank players building positions in anticipation of corporate activity on account of dividend payments during the week ending 12th April 2019. At the close of the week, the shilling however stabilized as some market players squared and there
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The Bank of Uganda (BoU), the regulator of Uganda’s banking industry has spoken out for the first time on ongoing investigations into the alleged mismanagement of PostBank. In a statement dated April12, 2019, the Central Bank acknowledges that following a petition to the State House Anti-Corruption Unit, by a whistleblower,
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The Government of Uganda has revealed new measures and steps being taken to increase coffee production and consequently transform the economy. The new measures were revealed by Vincent Bamulangaki Ssempijja, the Minister for Agriculture, Animal Industry and Fisheries while addressing the press at the Uganda Media Centre yesterday. The Minister
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