Housing Finance Bank Managing Director, Michael K. Mugabi Despite a challenging business year 2020, Housing Finance Bank (HFB) exhibited high levels of resilience to post an impressive performance during a COVID-19 suppressed environment. The bank’s asset base grew by 22% to Shs1.11 trillion up from Shs912.2bn recorded in 2019. This
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URA headquarters in Nakawa, Kampala Domestic revenue collected by Uganda Revenue Authority (URA) for the month amounted to Shs1.61 trillion, representing a 102.1% performance against the planned Shs1.57 trillion for the month, the April 2021 Performance of the Economy Report released by Ministry of Finance reveals. Of this, the report
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UCDA Managing Director, Dr. Emmanuel Iyamulemye says Uganda is ready to supply the best coffee to Chinese Uganda, like many African countries, suffers from an enormous trade deficit with China. Last year, according to UN figures, Uganda exported just $40 million worth of goods to China but imported more than
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At the Ordinary and Extraordinary Shareholders’ Meeting, Total shareholders May 28, 2021 approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new
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Housing Finance Bank staff getting vaccinated In partnership with KCCA, Housing Finance Bank organized a two-day vaccination exercise for its employees and their families at its headquarters in Kololo and has continued to rally upcountry staff to receive vaccination at government gazetted centers. This comes at the time when the
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A photo montage of top bank CEOs in Uganda Commercial banks in Uganda overcame the disruptions caused by COVID-19 to the banking sector and major sectors of the economy to post positive results in 2020. An exclusive analysis of financial statements for the year ended 31st December 2020 published by
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UCDA boss Dr. Emmanuel Iyamulemye (L) interacting with Rev. Fr. Simon Peter Kyambadde, Projects Coordinator Kiyinda-Mityana Diocese & Fr. Emmanuel Tamale. Under the National Coffee Roadmap, Uganda targets raising annual coffee production to 20 million bags by 2025. Promoting concessions for coffee production on large underutilised land is one of
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Norman Nduho Kapaapa, a dairy farmer in Kiruhura says farmers are counting losses due to low milk prices Farmers in the Western districts of Kiruhura, Mbarara, Ibanda, Bushenyi and other districts in the cattle corridor are starting to abandon dairy farming business due to low milk prices and limited market.
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Michael K. Mugabi, Managing Director, Housing Finance Bank Housing Finance Bank (HFB), an indigenous finance institution is famous for its mortgage product in the banking sector. Herewith, the Bank’s Managing Director, Micheal K. Mugabi shares some of its milestone achievements in the implementation of National Development Plan (NDP II) which spanned
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Montage of CEOs heading banks with highest NPLs Banking industry Non-Performing Loans (NPLs) increased significantly in 2020, an exclusive analysis by Business Focus reveals. In our previous articles about the performance of banking industry in 2020, we revealed the most profitable and loss making banks as well as the largest banks
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