Troubled Uganda Telecom Ltd (UTL) needs a capital injection of US$48m (Shs172bn) if it is to survive the current storm. This was disclosed by the company management on Thursday at a press briefing held at the telecom’s head office in Kampala. Responding to Business Focus’ question on the amount needed
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Standard Chartered Bank Group recently made changes in its top management. Herman Kasekende, the pioneer Ugandan to head Standard Charted Bank Uganda (commonly referred to as StanChart) in 100 years was moved to Standard Chartered Bank Zambia as CEO and Managing Director, ending his four and half year tenure at
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Uganda has for many years been ranked as a top tourist destination in the world. However, tourism numbers have remained relatively low, implying that the East African nation is yet to fully utilize this opportunity to cash in on its God-given resources and endowments. In an exclusive interview with Business
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A fake financial institution defrauding Ugandans of their hard earned money has been revealed. According to the Bank of Uganda (BoU), Uganda’s Central Bank, “ONE COIN DIGITAL MONEY” is not licensed by the BoU under the Financial Institutions Act, 2004, and is thefore conducting business outside the regulatory purview of
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Agribusiness is increasingly becoming lucrative in Uganda. And a number of unemployed Ugandans are embracing agribusiness for income generation, while the employed ones are into farming to supplement their earnings. For updates and latest info about COVID-19 situation in Uganda, visit https://bit.ly/2WKANNF It is important to note that 69.4% of
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Uganda’s Central Bank, the Bank of Uganda (BoU) has said delayed payments by government to its suppliers have greatly contributed to the increasing Non-Performing Loans (NPLs) in the banking industry. This is contained in the Financial Stability Report (FSR) for the year to June 2016 released on January 02, 2017.
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