Ecobank Uganda has taken a bold step of reaching out to potential customers in a move aimed at making the Pan-African bank grow further. “Our teams are continuously on the move to reach you and your business to help you join our new world of digital banking,” Ecobank Uganda said
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Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda (BoU), has fired Justine Bagyenda, the long serving Executive Director at Uganda’s Central Bank. According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has been replaced by Dr. Tumubweine Twinemanzi. The appointments and transfers take immediate effect. Christine
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Matooke (bananas) is a staple food for many Ugandans. It has become a food of all seasons that you can't find a traditional ceremony without banana part of the menu. Matooke is also included on the menu of many big hotels in Uganda. In simple terms, there is ready market
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Fuel pump prices have already hit the Shs4,000 mark in some parts of the country, a development that has seen many Ugandans ask why the sudden rise. Against the above background, on 31st January, 2018, Mohammed Nsereko, the Kampala Central MP raised concern on the floor of Parliament over the
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Stanbic Bank Uganda has partnered with Uganda Revenue Authority (URA) to launch a new tax payment system that allows both Stanbic and non Stanbic clients to pay takes using their laptop, tablets, phones and other mobile devices through the URA website. Launching the e-tax payment solution on Monday in Kampala,
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The Ugandan private sector has started the New Year with a growing sense of confidence according to the results of latest Stanbic bank PMI index figures for January 2018. Registering 52.0 well above the 50.0 threshold that indicates an improvement in business conditions, this figure represents the twelfth such expansion
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The National Drug Authority (NDA) has for the first time spoken out on the fake cancer drugs that have flooded the Ugandan market. This follows media reports that there are unscrupulous people or quacks who dupe cancer patients with fake concoctions that flush out cancer cells. In a statement sent
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Uganda’s dream to achieve a lower middle income status by 2020 will not be possible given the rate at which the economy is growing. In fact, it may take even longer since Uganda’s recent budgets are not aligned with the Second National Development Plan (NDPII). In line with Section 9(1)
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Uganda’s public debt is set to skyrocket in Financial Year 2018/19 considering that Government plans to borrow trillions of Shillings both internally and externally. A Report of the Budget Committee on the National Budget Framework Paper for 2018/19 obtained by Business Focus says that external debt constitutes 66 percent of
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For start-ups and small businesses that don’t have any assets, getting a loan can be extremely difficult. Without access to any form of security, micro, small and medium-sized enterprises (MSMEs) attract a high-risk premium from lenders. This means MSMEs will either be denied a loan or get the cash at
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