The local currency traded unchanged, holding firm for most of the trading sessions on the back of offshore portfolio flows that improved supply conditions in the market. Bid and ask for the shilling was at 3683/93.In the fixed income market, yields on government bonds of 2 and 5 year printed
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Kenneth Kitungulu, the Stanbic Bank Uganda Head of Global Markets For the first time since February, the headline Stanbic Bank Purchasing Managers’ Index (PMI) crossed into positive territory recording a reading of 50.3 during July, up from 46.5 in June. This is a significant recovery from the 21.6 figure we
Read MoreKenneth Kitungulu, the Stanbic Bank Uganda Head of Global Markets For the first time since February, the headline Stanbic Bank Purchasing Managers’ Index (PMI) crossed into positive territory recording a reading of 50.3 during July, up from 46.5 in June. This is a significant recovery from the 21.6 figure we
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Dr. Michael Atingi-Ego (L) with BoU Governor, Prof. Emmanuel Tumusiime-Mutebile Dr. Michael Atingi-Ego (PhD) has assumed his role as the Deputy Governor, Bank of Uganda on August 03, 2020 following his appointment by President Yoweri Museveni on 23 April, 2020. He replaces Dr. Louis Kasekende, whose contract expired and wasn't
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New BAT Uganda boss, Kirunda Magoola The Board of Directors of British American Tobacco Uganda Limited (the ‘Company’) has announced the appointment of Kirunda Magoola as Managing Director and an Executive Board Director of the Company effective 1 August 2020. He replaces Mathu Kiunjuri, who has resigned from his position
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Annette Wabunoha Kihuguru, the new Ecobank Managing Director Ugandan women are rising! Annette Wabunoha Kihuguru is the latest to land the top most job at a banking institution. She is the next Managing Director at Ecobank Uganda, replacing Clement Dodoo, whose tour of duty at the Pan-African bank as Managing
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The local currency was a touch firmer compared to the week’s opening levels driven, mainly by improved flows from end month charity conversions and a trickle in of export flows. Trading was confined in a range of 3682/92.The debt market saw TB rates remaining flat, but on the upward at
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Clement Dodoo, the outgoing Ecobank Uganda Managing Director Clement Dodoo’s tour of duty at Ecobank Uganda as Managing Director has come to an end after five successful years, Business Focus has exclusively learnt from reliable industry sources. Industry sources say he will be replaced by seasoned banker, Annette Wabunoha Kihuguru
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Africa’s farmers produce some of the finest quality coffee but receive the lowest prices of all growers globally. According to the Misery at the Farm: Africa's Coffee Farmers are Losing Billions to Exploitation report just released by Selina Wamucii, millions of family farmers across Africa are facing economic devastation as
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Orient Bank head offices in Kampala Orient Bank is optimisticthat the proposed acquisition by 1&M Holdings PLCwill enable its customers to benefit from the synergies through the group’s regional infrastructure. In a telephone interview, Orient Bank Communications Manager, Ms. Ronnie Zalwango said that the completion of the acquisition process
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