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IT’S ILLEGAL: Labour Recruitment Companies Reject Gov’t Directive To Submit Bank Statements

Taddewo William Senyonyi 0

Labour recruitment and export companies have rejected the demand by government through Ministry of Gender, Labour and Social Development that they submit their 2017/18 bank statements for verification. In a letter dated 5th June 2019 to all external labour recruitment companies obtained by Business Focus, Pius Bigirimana, the Permanent Secretary

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Analysis & OpinionsBankingFeatured

EXCLUSIVE: Uganda’s Biggest Banks By Loans Advanced To Customers Named

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Who are Uganda’s biggest lenders? This is exactly what you’re going to find in this article. According to 2018 commercial banks’ figures exclusively analysed by Business Focus,the 24 operating commercial banks in Uganda advanced Shs13.31 trillion in loans to customers, up from Shs11.89 trillion in 2017. This represents a growth

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Analysis & OpinionsFeaturedNews

Uganda Opts For Kenya, S. Sudan & DR Congo Markets As Rwanda Border Row Persists

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The Rwanda-Uganda border closure has adversely affected Rwanda compared to Uganda, according to figures obtained by Business Focus.  Rwanda in February blocked Ugandan cargo trucks and buses from crossing to the neighbouring country via Katuna and Chanika border points. This left traders from both countries stranded and counting losses. Rwanda

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Analysis & OpinionsFeaturedNews

Strengthening Demand Leads To Further Rise In Business Activity –New Survey

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The Stanbic headline Purchasing Managers Index (PMI) posted 57.3 for the month of May, up from 54.7 in April and above the average since the survey began in June 2016.Improving business conditions were seen across all five monitored sectors which include agriculture, industry, construction, wholesale & retail and services. New

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BankingFeaturedNews

Two Foreign Banks Apply For License To Offer Islamic Banking Products In Uganda

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Two foreign banking institutions have applied for licenses from Bank of Uganda, the regulator of Uganda’s banking sector to offer Islamic Banking products and services, Business Focus reports. It is understood that many existing banks in Uganda are cautious about offering Islamic Banking products because this will affect their profitability.

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