Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. The headline PMI rose
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Commercial banks in Uganda have not only increased interest rates, but also slowed loan application approvals. This is after the Bank of Uganda (BoU) increased the Central Bank Rate, a benchmark lending rate for commercial banks, from 8.5 to 9 percent in August 2022. BoU has now increased it by
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Uganda Clays Managing Director, Reuben Tumwebaze Uganda Clays Ltd, the oldest manufacturer of clay building materials, has seen its 2022 half year profit after tax drop by 54% to Shs1.3 billion compared to Shs2.7 billion in June 2021. According to the Company’s Unaudited Financial Statements for the Six Months Ended
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Cashewnut can earn farmers in the cattle corridor extra millions Cashewnut is one of the high value crops that can earn farmers especially in the cattle corridor as high as Shs30m from an acre per year. Cashewnut (Anacardium occindentale) is a hardy drought resistant tree crop. It strives best in
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Entebbe International Airport has registered a tremendous increase in passengers after easing of COVID-19 restrictions Entebbe International Airport handled 151,653 international passengers in July 2022, an average of 4,892 per day, Uganda Civil Aviation Authority has revealed. This comprised 77,056 arrivals and 74,597 departures. This is the highest number
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Coffee is Uganda’s top foreign exchange earner Uganda’s coffee exports in July 2022 amounted to 576,468 60-kilo bags worth US$ 83.52 million (UShs320.9bn), according to Uganda Coffee Development (UCDA)’s monthly report for July 2022. The report says this comprised 528,235 bags of Robusta valued at US $71.53 million and 48,233
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Andrew Byakutaaga Ateenyi, the Prime Minister of Bunyoro Kingdom (with kingdom flag) is joined by other kingdom officials and representatives from CNOOC, Joint Venture Partners to officially launch the training programme for this cohort CNOOC Uganda Limited, an oil and gas company has Tuesday launched the Heavy Goods Vehicle (HGV)
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Selestino Babungi, the Umeme Managing Director Umeme Ltd’s profit after tax increased by 33% to Ushs. 64 billion as compared to Ushs. 48 billion in 2021, according to the Company’s unaudited interim condensed financial results for the six months period ended 30 June 2022. The Company’s Earnings Per Share increased
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Dr. Michael Atingi-Ego, the BoU Deputy Governor The Bank of Uganda has increased the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, by 50 basis points to 9 percent. This comes as the economy continues to face strong cost-push inflation pressures from the external environment, dry
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MPs and Uganda Airlines officials in a group photo at the national carrier’s self-handling yard MPs on Parliament’s Committee on Physical Infrastructure are impressed with the performance of Uganda Airlines and have promised to lobby for more Government funding to the national carrier. This comes after the lawmakers went on
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