In developing economies, the key to socio-economic growth is access to finance, but the challenge is to increase loans to individuals and SMEs without suffering the fall-out of bad debt. The Central Bank of Nigeria (CBN) increased the minimum loan-to-deposit ratio (LDR) of commercial banks from 60 percent to 65
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British PM, African Leaders Urge Investors To Tap Continent’s ‘Unmatched Opportunities’
UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President
Read MoreInternational Tourism Growth Continues To Outpace The Global Economy
1.5 billion International tourist arrivals were recorded in 2019, globally. A 4% increase on the previous year which is also forecast for 2020, confirming tourism as a leading and resilient economic sector, especially in view of current uncertainties. By the same token, this calls for such growth to be managed
Read MoreA final deal to end a long dispute over a mega dam using the River Nile waters is on the brink, but who is winning? In public, negotiators from all sides say the initial agreement is a win-win for both Egypt and Ethiopia. But Ethiopia seems to be pretty much
Read MoreCivil Society Organizations Punch Holes In 2020/21 Budget Framework Paper
As Ministry of Finance, Planning and Economic Development headed by Matia Kasaija as line minister finalizes the Budget strategy for FY2020/21 anchored on the medium-term growth and development objectives of the 3rd National Development Plan (NDP 111), Civil Society organizations (CSOs) under their umbrella Civil Society Budget Advocacy Group (CSBAG)
Read MoreOpinion: Response To Pastor Bugingo’s Attack On The Church & Marriage As A Lifetime Institution
By Bishop Johnson Twinomujuni (pictured above), West Ankole Diocese Pastor Bugingo has made a declaration that the phrase 'till death do us part' is not biblical, and that it is from Satan! In so doing, the pastor attacks the Roman Catholic, Anglican and Pentecostal Churches, associating them with what he
Read MoreBy D. Gumisiriza Mwesigye I had set my day to end with a visit to the famous Zoe Grounds [Lugogo, Kampala], to hear for myself what is in store for 2020 from Prophet Elvis Mbonye. The event has been so hyped on social media by his followers (who identify themselves
Read MoreJoin The NSSF Blood Drive This Week: Together, Let Us End Blood Shortage In Our Healthcare System
By Richard Byarugaba From this Monday, 13th to Friday 17th January 2020, your Fund, National Social Security Fund (NSSF), working with Ministry of Health and the Uganda Blood Transfusion Services (UBTS) will yet again run the NSSF Blood Donation Drive campaign. This will be the 9th NSSF Blood Drive for
Read MoreEvery year Business Focus publishes a comprehensive list of Chief Executive Officers (CEOs) and business personalities to watch and 2020 is no exception. This is because their roles are more than a title; CEOs make sound decisions for organizations they head. They are responsible for their actions and decisions taken.
Read MorePrivate Sector Players Report Further Improvement In Business Conditions-Survey
The Stanbic headline Purchase Managers Index (PMI) for the final month of 2019 saw a further improvement in business conditions in the Ugandan private sector. Although the headline PMI recorded 57.7 in December, slightly down from 58.6 in November, private sector players surveyed reported a general improvement in business conditions.
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