dfcu Bank Managing Director, Mathias Katamba presenting the bank's 2021 outlook Dfcu bank overcame COVID-19 disruptions to consolidate growth in 2020. According to the bank’s results for the year ended December 2020 released today, dfcu’s asset base increased by 18% from Ushs2.95 trillion to Ushs 3.49 trillion in 2020, upheld by strong growth in
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Anne Juuko, the Chief Executive at Stanbic Bank Uganda Ltd Stanbic Bank net profit fell by 6.8% in 2020 to Shs241.68bn, down from Shs259.094bn recorded in 2019. The decline in profit has been attributed to COVID-19 that affected several companies and the economy at large. According to the bank’s financial
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Reuben B. Tumwebaze, the new UCL Managing Director/ Courtesy photo Uganda Clays Limited (UCL), one of the oldest building materials manufacturers in Uganda, has appointed Reuben B. Tumwebaze as its new Managing Director with effect from March 2021. Before joining Uganda Clays Ltd, Tumwebaze was the Director of Road Infrastructure
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Helen Basuuta Nangonzi has been appointed Marketing and Customer Experience Director at Absa Bank Uganda. Absa Bank Uganda has made changes to its senior leadership by announcing the new appointments of the Business Banking Director and the Marketing and Customer Experience Director. Albert Byaruhanga has been appointed Business Banking Director at
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The impact of climate change on people’s water supplies is being overlooked – threatening to put progress on bringing clean water to all back decades unless urgent action is taken to help the world’s poorest communities adjust to changing weather patterns. WaterAid’s latest report: “Turn the Tide: The state of
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Uganda has been a victim of trade blockades, many of which border on trade barriers and protectionists tendencies. The East African Community (EAC) Common Market Protocol that allows the free movement of goods, people, labour, services and capital from one Partner State to another is under question. It is being
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Smuggled rice hidden in the chassis of a truck carrying steel rolls Uganda Revenue Authority (URA) is using NII scanners to effectively and efficiently inspect over 1400 consignments daily, Ian M. Rumanyika, the Ag. Assistant Commissioner Public and Corporate Affairs at URA has revealed. “The equipment detects concealed, undeclared and
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President Museveni (left)and his Tanzania counterpart John Pombe Magufuli (RIP) sign a pact for the East Africa Crude Oil Pipeline (EACOP) project in Tanzania in September last year. PHOTO | Daily Monitor The launch of the Tilenga Development Project and the East African Crude Oil Pipeline (EACOP) project, which was
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Richard Byarugaba (L), the NSSF MD and Tony Glencross, the Nation Media Group Uganda Managing Director addressing the press The National Social Security Fund (NSSF)-Monitor Career Expo will be carried out online this year, with focus on equipping university students with employment and entrepreneurial skills to survive in the “new normal”
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The Uganda National Bureau of Standards (UNBS) has released a list of certified maize milling companies as at 22nd March 2021. This is in line with the UNBS mandate of consumer protection, aimed at protecting Ugandans from buying substandard maize flour which could be harmful to their health. The updated list
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