The Uganda Shilling started off the year on a weaker tone, undermined by strong demand from the energy and manufacturing sector. The shilling traded in the range of 3640/3650. In the fixed income market, Shs140 billion was on offer. Yields came out at 8.307%, 8.217% and 8.978% for 91, 182
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Africa’s largest philanthropy supporting entrepreneurship – The Tony Elumelu Foundation (TEF) is now accepting applications for business ideas that can transform Africa. To apply, complete the online application at www.application.tonyelumelufoundation.org. The deadline is midnight (WAT) on 1 March 2018. The Programme provides critical tools for business success, including: Training: 12 weeks of intensive online training
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Chief Executive Officers (CEOs) and Managing Directors of companies make top decisions of the institutions they lead in consultation with Board of Directors. They are in charge of the day to day running of these institutions. They steer the growth of these institutions. In no particular order, Business Focus brings
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Housing Finance Bank is reportedly seeking Shs61bn Capitalization from government to meet the 'new capital requirements' by the Bank of Uganda (BoU). However, that's far from the truth. Justine Bagyenda, the Executive Director in charge of Supervision at BoU says the Central Bank hasn’t put in place new capital requirements,
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2017 was generally a challenging year, but not the toughest. Uganda’s economy is projected to grow at 5% in 2017/18, up from 4% (revised) in 2016/17. Throughout 2017, inflation was contained within Bank of Uganda’s target of 5% and the exchange rate was generally stable. Inflation was stable as a
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The Uganda Shilling strengthened against the dollar on the back of strong inflows mainly from Diaspora and nongovernmental organizations during the week ending 22nd December 2017. Demand remained muted in a market slowdown ahead of the holidays. Trading was in the range of 3600/3610. In the money market overnight funds
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A new solar company, Mwafrika Solar has launched in Uganda with promise to shake the energy sector. Speaking at the launch event held at Selas House in Bugoloobi on Wednesday, Peter Mubanda, the Executive Director at Mwafrika Solar said that they started the company to get involved in providing solutions
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Private Sector Credit (PSC) growth has continued to recover supported by Bank of Uganda’s monetary policy easing, Business Focus reports. The Monetary Policy Report for December says that average annual PSC growth for Quarter to October 2017 was 6.2% relative to 5.6% in the previous quarter. However, the report adds
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It’s now four years since Airtel Uganda took over the sponsorship of Uganda football senior team, the Uganda Cranes from MTN. Over this period, Airtel has enjoyed unprecedented publicity, thanks to the appealing brand of the Uganda Cranes. In November 2017, Airtel announced a new sponsorship deal worth Shs10bn (approx
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The Ministry of Energy and Mineral Development has issued three Location Licences to over 500 small scale artisanal miners in Mubende, signaling the resumption of small mining operations. According to a statement from Engergy Minitry dated December18, 2017, the licenses were awarded to Kayonza-Kitumbi Miners Association covering an estimated area
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