Ecobank Uganda has launched a transact and win promotion geared at driving utilization of the bank’s state-of-the-art Ecobank Mobile App under the tagline “putting power at your fingertips.” Speaking at the launch event on Sunday at Riders Lounge during the Australian Formula One Grand Prix that attracted Uganda’s top corporates,
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The 2018 Careers in Africa Employer of Choice Survey has ranked the 100 best companies to work for in Africa. Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank. The 100-list includes banks, oil companies, FMCG brands and mobile
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The Finscope Uganda 2018 report has revealed that only 3 percent of the Uganda’s adult population borrow money from a commercial bank. The report was launched Wednesday morning at Kampala Serena Hotel. The Finscope survey found that the breadth of access to financial services is quite wide in Uganda, with
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Bank of Uganda (BoU) has expressed disappointment that no financial institution has applied formally for a license to offer Islamic Banking services in Uganda. Dr. Louis Kasekende, the Deputy Governor, BoU said the Financial Institutions (Islamic Banking) Regulations, 2018 are now in place. “These regulations permit the BOU to issue
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Analysts at the Institute of Chartered Accountants in England and Wales (ICAEW) have revealed Africa’s most indebted countries based on their debt to GDP ratio. In its latest Economic Insight Report for Africa released on June19, 2018, ICAEW placed Mozambique as the number one most indebted country in Africa after
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The Uganda shilling weakened to an all time low on the back of strong interbank demand, energy and manufacturing sector during the week ending 22nd June 2018. Trading was in the range of 3890/3900. However, after watching from the sidelines for a while, Bank of Uganda (BoU) intervened on the
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aYo Uganda has hit one million customers in less than 2 years of existence in Uganda. With a joint venture between MTN and MMI Holdings, aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent. While addressing the media at kati- kati Restaurant on
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Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC. Ethiopia, Kenya, Tanzania and Uganda are the regions’ economic powerhouses and are enjoying a period of significant economic growth – their Gross Domestic Products
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Poultry farming is one of the most lucrative businesses in Uganda and the world at large. The increasing demand for chicken (call it chicken meat) and eggs resulting from the growing population and townships across the country provides an opportunity for new and existing farmers to cash in on this
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Uganda has 24 operating banks but the market is dominated by a few banks, a thing that could adversely hurt the economy in case one of them collapsed. Stanbic, dfcu, Centenary, Standard Chartered (StanChart) and Barclays control over 60% of the industry market share, according to an analysis carried out
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