Chief Executive Officers (CEOs) and Managing Directors of companies make top decisions of the institutions they lead in consultation with Board of Directors. They are in charge of the day to day running of these institutions. They steer the growth of these institutions. In no particular order, Business Focus brings
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By Stephen Kaboyo 2017 has been patchy with respect to economic activity. There was a general slowdown in almost all sectors of the economy. A number of economic factors inhibited economic expansion for much of the year and these were; weak consumer demand, weak currency, inflationary pressures driven by high food prices
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The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs, reports Bloomberg. The 23 percent increase on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people,
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The survival of Kenya based Uchumi Supermarket #ticker:UCHUM will be determined by two things — how fast the retailer secures the signature of a strategic investor as well as a buyer for its 20-acre Kasarani land, reports the Daily Nation. The retailer has had a tough past 12 months, with
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Housing Finance Bank is reportedly seeking Shs61bn Capitalization from government to meet the 'new capital requirements' by the Bank of Uganda (BoU). However, that's far from the truth. Justine Bagyenda, the Executive Director in charge of Supervision at BoU says the Central Bank hasn’t put in place new capital requirements,
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2017 was generally a challenging year, but not the toughest. Uganda’s economy is projected to grow at 5% in 2017/18, up from 4% (revised) in 2016/17. Throughout 2017, inflation was contained within Bank of Uganda’s target of 5% and the exchange rate was generally stable. Inflation was stable as a
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It was a year for bitcoin, technology stocks and the power consolidation of China’s Xi Jinping. Those were some of the most popular topics for people boning up on issues important to finance and business through Google searches in 2017. While there was a spike of interest in the potential
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By Eng. Moses Magogo (FUFA President) Globally, Football is that industry that did not come to its knees when the Credit Crunch hit the world economy in 2007/8. It was the case of rising revenues for the top industry earners when Airlines and Banks were closing. The natural resource for
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Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organisations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses
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Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile will Monday December 18, 2017 issue the Monetary Policy Statement for the month of December. Analysts are anticipating a further reduction in the Central Bank Rate (CBR), a benchmark lending rate for commercial banks. It worth noting that the Central Bank reduced
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