Commercial banks play a big role in the economic development of a country-for they offer the much needed credit to not only the private sector, but also government. In this article, Business Focus brings Uganda’s leading banks in as far as lending is concerned. These figures are derived from financial
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Matia Kasaija, Uganda’s Minister for Finance, Planning and Economic Development has for the first time revealed why Uganda’s economy is performing poorly. The minister insists that Uganda’s economy is not in recession but growing moderately. “The size of the economy this financial year is projected to rise to Shs90.5 trillion,
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President Yoweri Museveni has said Uganda’s economy is doing well. While delivering the State of the Nation Address to Parliament and the country at large at Kampala Serena Conference Centre on Tuesday, Museveni said that a country with surplus electricity for the first time can’t be in a “a bad
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Equity Bank Uganda is ready to embrace and roll out agency banking across the country, Business Focus reveals. Anthony Kituuka, the Executive Director at Equity Bank Uganda says that they have systems and resources ready to roll agency banking, noting that they are only waiting for guidelines from the Bank
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When Kenya sneezes, Uganda catches a cold, for what affects Kenya, directly affects Uganda and the East African region at large. And as the East Africa’s largest economy goes to the polls in August this year, the stakes are high considering the 2007-2008 bloody and divisive elections. Accusations of vote-rigging,
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A latest report says Uganda is increasingly becoming a mortgaged country, a thing that is unsustainable, Business Focus reveals. A report by Parliament’s Budget Committee on Budget Estimates for 2017/18 indicates that the current public debt situation for Uganda is unsustainable. “This is evidenced by the fact that, out of
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Vivo Energy Uganda has recruited Gilbert Assi as its new Managing director, Business Focus reveals. Assi replaces Hans Paulsen, who has been at the helm of the company over the past three years. Vivo Energy Uganda is the company that distributes and markets Shell branded fuels and lubricants. According to
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The Construction of Church House, a multi-billion building owned by the Church of Uganda will be complete this year, Equity Bank Uganda boss has said. Anthony Kituuka, the Executive Director at Equity Bank Uganda made the revelation on Tuesday at the bank’s head offices in Katwe, Kampala while handing over
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On May16, 2017, The International Monetary Fund (IMF) projected that Uganda’s economic growth would slow down to 3.5 to 4% in 2016/17 financial year, down from the earlier anticipated 5% due to drought and slow credit growth. “The drought held back activity in the first part of the year. Private
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Assets are one of the key parameters that determine how strong a financial institution is. And having obtained the 2016 financial results for Uganda’s 24 banks that have been released in the past few months, Business Focus exclusively reveals Uganda’s largest banks by assets. This will help you know how
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