Cairo Bank Uganda top officials unveiling the bank's new look Cairo International Bank has effective 1st September 2020 re-branded to Cairo Bank Uganda Limited. Cairo Bank Uganda limited (The Bank) is a fully owned subsidiary by Banque Du Caire (BDC) set up with the intention of expanding BDC’s presence across
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Uganda Clays has failed to post profits consistently for the last 10 years Uganda Clays Limited (UCL) has issued a cautionary statement informing its shareholders that the Company is likely to post losses in the fiest5 six months of 2020. “Uganda Clays Limited (the Company) wishes to inform its shareholders
Read MoreCoffee affected by Red Blister Disease Farmers in Munkono district recently reached out to National Union of Coffee Agribusinesses and Farm Enterprises (NUCAFE) over a possible outbreak of ‘a strange’ and devastating coffee disease. NUCAFE is the umbrella body of coffee farmers across the country. According to farmers, the disease
Read MoreThe local currency held firm supported by the Central Bank open market operations that creamed off excess liquidity creating a stable short term outlook during the week ending August21, 2020. On the supply side improved inflows mainly from tea and coffee added to the stability stance. The shilling traded at
Read MoreUganda’s Finance Minister Matia Kasaija The month of July 2020 registered improvement in economic activity following a downturn caused by the COVID-19 pandemic as the Government of Uganda continued to ease some of the containment measures that were instituted to prevent spread of the virus, the July 2020 performance of
Read MoreJohnbosco Sebabi, the Head Teacher at St. Mary's SS Kitende has set his eyes on coffee farming The COVID-19 pandemic has affected the entire world but teachers are one of the groups that have been hit most by the deadly disease. Indeed, one of the key lessons the disease has
Read MoreThe Uganda shilling remained stable as demand was dented by mid month tax payments that kept corporates out of the market during the week ending August 14, 2020. Bid and ask held at 3670/80. In the fixed income market, relatively good yields continued to lure both local and foreign investors
Read MoreDavid Wandera, Absa Head of Global Marksts (L) and Michael Segwaya, Absa Chief Finance Officer and Executive Director (R) display the NovoFX app. Absa Bank Uganda has announced the introduction of NovoFX, a mobile application that allows the bank’s retail customers to make cross-border payments in different currencies with ease
Read MoreDr. James Mwangi, the Equity Group Managing Director Equity Group Holdings PLC (EGH) has completed the acquisition of a controlling equity stake in Commercial Bank of Congo (BCDC) with the aim of merging the business with its existing subsidiary in the Democratic Republic of Congo (DRC). “EGH is pleased to
Read MoreBoU Governor, Prof. Emmanuel Tumusiime-Mutebile The Bank of Uganda, at the Monetary Policy Committee (MPC) meeting of August 2020 has maintained the Central Bank Rate (CBR) at 7 percent and remained committed to providing liquidity support to Supervised Financial Institutions(SFIs). Releasing the Monetary Policy7 Statement for August today, Prof. Emmanuel
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