Tropical Bank is in final stages of rolling out Islamic Banking products and services in Uganda. Speaking at the sidelines of Tropical Bank’s annual dinner for corporate customers held at Hotel Africana on Thursday, Dennis M. Kakeeto, the Bank’s Executive Director revealed that they are ready to pioneer Islamic Banking
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Agilis Partners is Uganda’s largest maize and oilseed farming company and a leading exporter of grains from Uganda to the East African region. Agilis Partners Uganda, an initiative of American investors is made up of Asili Farms and the Joseph Initiative Ltd. The Group does its farming activities in Masindi
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Tropical Bank Limited has unveiled Abdulaziz M.A Mansur as its substantive Managing Director, replacing Sameh M. Krekshi, who was fired in October 2018 on orders of Bank of Uganda. After Krekshi’s departure, Dennis M. Kakeeto, who was the Executive Director became the Acting Managing Director, a position he has held
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The Uganda shilling was stable in the first half of the trading week ending 27th September 2019, maintaining a narrow range supported by inflows mainly from nongovernmental organizations end of month conversions, but mildly weakened in closing session as some demand mainly from the manufacturing sector emerged. Trading was in
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On September 23-24, 2019, a group of journalists including myself visited Asili Farms located in Masindi and Kiryandongo districts (Kiryandongo was curved out of Masindi district a few years ago), approximately 217 kilometres (by road), North-West of Kampala, Uganda's capital city. Asili Farms is an initiative of American investors and
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The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva (in featured photo) to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging
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Leading African energy attorney NJ Ayuk does not believe in handouts as a long-term strategy for impoverished people or nations. But he does think that the companies working on the continent have a responsibility to help their host nations build the infrastructure necessary to expand industrialization. Bruce Falkenstein, Joint Operations
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The Uganda shilling held steady, deriving support from substantial inflows mainly from commodity exporters during the week ending 20th September 2019. Trading was in the range of 3665/3675. In the interbank shilling markets, both overnight and one week rates held at the previous week’s level of 7% and 10% respectively.
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Today, WorldRemit and Arsenal announced that 16 applicants from Africa have been shortlisted for its Future Stars programme. Of these 16 coaches, eight are women. Among the shortlisted are three Ugandan coaches. WorldRemit and Arsenal launched the second edition of the Future Stars programme in August to recognise the valuable
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The National Social Security Fund (NSSF) has told members that it will pay lower interest rate this year compared to 15% paid out last year. This is after the Fund's holdings in all foreign exchange markets and its equity positions accumulated to an unrealized loss of Shs402bn as at June
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