A photo montage of the new Absa Bank Uganda Board members Absa Bank Uganda has announced four new appointments to the Bank’s Board of Directors. The new appointees are Non-Executive Directors Alex Rugamba, Sophie Nkuutu, and Phillip Aliker as well as Executive Director David Wandera, who collectively bring together over
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The banks’ weighted average lending rate has maintained a downward trajectory since February 2021 in line with the reduction in Central Bank Rate (CBR), Bank of Uganda (BoU) has revealed in its State of the Economy Report dated September 2021. “The average lending rate on shillings loans stands at 16.3 percent in
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BoU Governor, Prof. Emmanuel Tumusiime-Mutebile Uganda’s debt exposure increased over the year due to significant spending pressures and related loan disbursements to counter the adverse effects of the pandemic, Bank of Uganda (BoU) has revealed in its State of the Economy Report dated September 2021. “The provisional total public debt stock stood
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President Yoweri Museveni was accompanied by PM, Robinah Nabbanja to launch the COVID-19 laboratories at Entebbe International Airport The President of Uganda, H.E. Yoweri Kaguta T. Museveni on Friday, October 22, 2021 officially launched the COVID-19 laboratories to be used for mandatory Covid-19 testing of all incoming passengers through Entebbe International Airport at
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Ambassador Fred Mugisha called upon Students to use this opportunity and create networks through the Seeds for the future program that will further their ambitions. [Kampala, Uganda, October 21st, 2021] Huawei has today kicked-off the 2021 edition of the Seeds for the Future training Program virtually. The launch has been
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URA Commissioner General, John Musinguzi (5th Left) was joined by URA officials and some visually impaired taxpayers to launch Braille Technology at URA offices today The Uganda Revenue Authority (URA) has become the first organization in Uganda to introduce braille technology for the visually impaired. URA’s overarching strategy seeks to “Promote a taxpaying
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John R. Musinguzi, the URA Commissioner General addressing the press Uganda Revenue Authority (URA) collected net revenue of Shs4.459 trillion in the first quarter of FY 2021/22, posting a growth of 9.57 percent in comparison to the FY 2020/21. In nominal terms, this reflects a growth in revenue of Shs389.47 billion.
Read MoreGovernor of the BoU, Prof. Emmanuel Tumusiime-Mutebile A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted a virtual mission to Uganda from September 27 to October 14, 2021 to discuss the economic outlook, the budget strategy for FY2021/22, and progress with the implementation of
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Value of loan approvals fell to Shs2.26 trillion in the quarter to August 2021 from Shs2.36 tn in the quarter to May 2021 as lenders exerted caution driven by lockdown measures. This is contained in the Bank of Uganda (BoU) Monetary Policy Report for October 202. The report adds that
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Passengers boarding the Airbus ahead of Uganda Airlines’ maiden flight to Dubai on October04, 2021 Uganda Airlines on October 04, 2021 officially launched its maiden flight to Dubai in what has been described as a game-changing milestone for the national carrier. Dubai is the first international route that Uganda Airlines is
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