Global public debt hit a record $102 trillion in 2024 striking developing countries hardest UN Trade and Development Since 2010, developing countries’ debt has grown twice as fast as that of advanced economies. Today, 3.4 billion people live in countries spending more on interest payments than on health or education.
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By Darius Niwaha Kishaho, CEO, Octagon Uganda Ltd For most of our working lives, we diligently pursue income, security, and a better future. We save for retirement, invest in our children’s education, and work hard to build a life of stability. But one often overlooked reality looms quietly in the
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Banking industry customer deposits increased by 97% to Shs35.17 trillion in 2024 to Shs33.55 trillion in 2023, Business Focus exclusively reports. However, five banks including Stanbic, Centenary, Absa, Equity and dfcu control 55.84% of the industry deposits, leaving 17 banks to share 44.16%. This analysis is derived from the financial
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Key speakers at the post-budget dialogue in a group photo Several experts have called for concerted efforts among the East African Community (EAC) member states to curb the growing debt owing to the declining foreign donor aid and geopolitical tensions across the globe. The call was led by Herbert Kafeero,
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Moses Kaggwa, Director Economic Affairs at the Ministry of Finance, condemned the persistent application of non-trade barriers in the region The East African Community (EAC) has grappled with the issue of non-tariff barriers (NTB) or barriers to trade for as long as it has existed, despite the existence of what
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Uganda’s Parliament approved loans worth UShs5.619Trn in the period between January and May 2025 amidst concerns of the increasing Public Debt recorded at UShs106.22Trn as at December 2024. There’s also UShs16.402Trn in undisbursed loans that are attracting interest payment. These details were extracted from the Hansard, the Official Report of
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Uganda has earned Shs7.5 trillion from coffee exports in the last 12 months Uganda’s coffee exports in May 2025 amounted to 793, 445 60 kilo bags valued at US$243.95 million (Shs880.39 billion), Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has revealed in its Monthly Coffee Report for May 2025.
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Mumba Kalifungwa (R), Stanbic Bank Chief Executive shaking hands with Ronald Makata, bank's Chief Finance Officer, looking on is Tich Makonese, the Stanbic Head Bancassurance Uganda’s private sector confidence about business conditions reached its highest level in almost two years, as the headline Stanbic Bank Purchasing Managers’ Index (PMI) for
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I&M Bank CEO Robin Bairstow (right, front row) shares a photo moment with fellow stakeholders during the Insurance Industry Post-Budget Forum held last week at Mestil Hotel in Kampala. On Tuesday, June 17, the Insurance Training College (ITC) of Uganda hosted the Insurance Industry Post-Budget Forum, to analyze the Shs72.136
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By Gloria Ssuuna Namutebi – Senior Manager, Vehicle & Asset Finance, dfcu Bank In today’s economy, owning a productive asset; a vehicle, a motorcycle, or a piece of machinery, is more than a convenience. It’s a catalyst for financial independence, business growth, and generational wealth. At dfcu Bank, we understand
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