Coffee is Uganda's leading cash crop and a top foreign exchange earner/courtesy photo In a letter dated March 25th 2020, the Ministry of Finance Planning and Economic Development announced Shs490bn budget cuts from agencies and ministries which will be channeled to local governments to implement the agriculture Parish Model. The model aims
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Andrew Baker, Absa Group Chief Technology Officer Absa Group, one of the largest financial service providers in Africa, has launched a cloud incubator initiative in collaboration with Amazon Web Services Inc. (AWS), a leading cloud services provider, to enhance its cloud computing skills across its operations in Africa. As one
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President Samia has said government must not be seen to curtail media freedom Tanzania has clarified that the lifting of a media ban announced by the country's new president only applies to online television. President Samia Suluhu Hassan had on Tuesday directed authorities to lift a ban on media outlets, imposed
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Adad Iraguha, the Head Commercial Asset Financing at Absa Bank Uganda The lack of leasing law in Uganda is frustrating investors, Adad Iraguha, the Head Commercial Asset Financing at Absa Bank Uganda has said. He made the remarks during a recent webinar with the bank’s suppliers. “There’s no leasing law
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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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