dfcu Limited has registered an impressive performance in the first six months of 2018, with the Group saying that the outlook for the remaining period to close the year is positive. According to dfcu’s consolidated results released on Friday, the bank’s profit for the 6 months ended 30 June 2018
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The Uganda shilling weakened as the lingering political events triggered a negative sentiment that led to building dollar positions by market players. Trading was in the range of 3750/60 during the week ending August 24, 2018. In the interbank money market, rates held steady to trade at 6% and 9%
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Uganda’s leading power distributor, Umeme Ltd recorded Shs61bn net profit in the first six months of 2018 compared to Shs47.51bn ‘surprise’ loss recorded over the same period in 2017. Umeme has been one of the most consistent profitable companies in Uganda until it made a one-off loss in 2017. According
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The Uganda shilling inched down undercut by a pickup in demand from local and offshore players during the week ending August 17, 2018. The volatile urgency touched fresh lows to trade at 3765/3775. In the interbank money markets overnight and one week funds held at the previous week's level of
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TOTAL AFRICA CUP OF NATIONS Qualifiers (Group L): Uganda Cranes Vs Tanzania Taifa Stars 8th September 2018 At Mandela National Stadium, Namboole (4 PM) Ticket Fees: 15,000/= (Ordinary), 40,000/= (VIP) & 150,000/= (VVIP) The Uganda Cranes Head coach Sebastien Desabre has called on his players and the entire country to
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The story of Uganda’s sugar seems not to end. The latest is that sugar prices have increased suddenly from an average of Shs3, 500 a few weeks ago to Shs5,000 in some parts of the country. Currently, a 50kg bag of sugar go for between Shs200,000 to Shs210,000 at wholesale
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The future of State House funded scholarship programme aimed at equipping Mulago Hospital surgeons with specialized training abroad is bleak, thanks to infighting among various government officials. Business Focus understands that President Yoweri Museveni came up with the programme in 2017 after Dr. Gideon Rukundo Rugari, a senior Surgeon at
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The Uganda shilling gained ground as commercial banks liquidated long dollar positions increasing supply in the market alongside offshore flows targeting the bond auction during the week ending 10th August. Trading was in range of 3663/3673. In the interbank money market, overnight funds held at previous week's level, trading at
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Trahas Bed Care (U) Ltd Friday officially opened in Uganda to offer home care treatment and bed side care services to Ugandans in a move that will revolutionize the country’s health system. Speaking to journalists at the company’s head offices in Muyenga-Kironde road, Trahas Bed Care Business Development Director, Edwin
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The President of the African Development Bank Group, Akinwumi Adesina, has made an urgent call to give farmers across the continent new technologies with the potential to transform agricultural production. Adesina said the technology transfer was needed immediately and that evidence from countries like Nigeria demonstrated that technology plus strong
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