Ugandan banks have been cautious towards lending to the private sector in recent years due to high Non-Performing Loans (NPLs) that have plagued the banking sector. NPLs have largely been attributed to the sluggish economy that has seen many borrowers fail to pay back their loan obligations, leaving many banks
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The Uganda Shilling was stable backed up by improved forex inflows in a market characterized by very low corporate demand. Trading was in the range of 3637/3647. In the Interbank money market, overnight funds traded at 8% while one week money traded at 9:50%. In the fixed income market, trading was
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URA FC has unveiled 7 players signed in the January Window ahead of the next half of the season. These are: Herman Wasswa, 23, (Forward) from Lusaka Dynamos, Deboss Kalama, 28, (Forward) from Kira United FC, Godfrey Ssembatya, 20, (Midfielder) from Nangabo Green Valley, Sadrach Ssebulime, 21, (Goal Keeper) from
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The Minister of Finance, Planning and Economic Development, Matia Kasaija has joined the ‘mushrooming’ radio business in Uganda. Karuguuza Development Radio (KDR) is airing on frequency 100.3fm. It went on air last month. There are unconfirmed reports that he owns it with two other businessmen. Appearing on the station for
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Prior to his appointment as Executive Director-Supervision at Bank of Uganda (BoU), Dr. Tumubweine Twinemanzi was a little known fellow. Prof. Emmanuel Tumusiime-Mutebile appointed Twinemanzi to succeed Justine Bagyenda better known as the Iron Lady at BoU and banking industry at large on February 7, 2018. The appointment took immediate
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Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda (BoU) has made new appointments and transfers in BoU's top management. Justine Bagyenda, the long serving Executive Director at Uganda’s Central Bank has been relieved of her duties. According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has
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Ecobank Uganda has taken a bold step of reaching out to potential customers in a move aimed at making the Pan-African bank grow further. “Our teams are continuously on the move to reach you and your business to help you join our new world of digital banking,” Ecobank Uganda said
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Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda (BoU), has fired Justine Bagyenda, the long serving Executive Director at Uganda’s Central Bank. According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has been replaced by Dr. Tumubweine Twinemanzi. The appointments and transfers take immediate effect. Christine
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Matooke (bananas) is a staple food for many Ugandans. It has become a food of all seasons that you can't find a traditional ceremony without banana part of the menu. Matooke is also included on the menu of many big hotels in Uganda. In simple terms, there is ready market
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Fuel pump prices have already hit the Shs4,000 mark in some parts of the country, a development that has seen many Ugandans ask why the sudden rise. Against the above background, on 31st January, 2018, Mohammed Nsereko, the Kampala Central MP raised concern on the floor of Parliament over the
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