Chief executives of publicly traded Kenyan banks are paid nearly 50 times what the median bank employee earns, the latest executive pay data shows, offering insight into the extent of wage inequalities in Kenya’s private sector, reports Business Daily. This remuneration structure means a typical bank employee in Kenya will
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The Uganda shilling weakened to an all time low on the back of strong interbank demand, energy and manufacturing sector during the week ending 22nd June 2018. Trading was in the range of 3890/3900. However, after watching from the sidelines for a while, Bank of Uganda (BoU) intervened on the
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Kayihura’s road to jail How the former IGP became a victim of his own success, internal power struggles and changing geopolitics By Andrew M. Mwenda Former Inspector General of Police (IGP), Kale Kayihura, was the longest servicing officer in a top and sensitive security position under President Yoweri Museveni. He
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Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC. Ethiopia, Kenya, Tanzania and Uganda are the regions’ economic powerhouses and are enjoying a period of significant economic growth – their Gross Domestic Products
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By Richard Wangwe There is a common misconception that Commercial Banks in Uganda have limited interest in financing farming or Agricultural projects. After all the sector isn’t efficiently organized, is largely uninsured and dominated by small holders with low income and therefore one would assume are unattractive to banks. While
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The Bank of Uganda (BoU) has revealed that interest rates continues to decline, but customers of small-sized loans are charged higher rates compared to big ones. According to the Monetary Policy Report for June 2018, the Weighted Average Lending Rate (WALR) has declined to 20% and 7.8% in April 2018
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ARTICLE ANALYZING THE PERFORMANCE OF THE NRM PARTY IN THE ELECTIONS AND BY-ELECTIONS HELD SINCE 2016 Since the General Elections in 2016, we have had 16 by-elections for Parliamentary seats. The NRM has won nine (9) by-elections and lost seven (7); five (5) to Independents, most of whom are NRM
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By Kenneth Agutamba The Twitter hash-tag #ICanConfirm, created in mockery ofjournalists’ frantic reporting on the arrest, early this week, of a top Ugandan military official, generated quite a discussion in various online editorial chatrooms; the question was, is it a reporter’s job to confirm? To answer that, one could start
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Uganda has 24 operating banks but the market is dominated by a few banks, a thing that could adversely hurt the economy in case one of them collapsed. Stanbic, dfcu, Centenary, Standard Chartered (StanChart) and Barclays control over 60% of the industry market share, according to an analysis carried out
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Col Ibrahim Abiriga, the Arua Municipality MP is no more. He was gunned downed by unknown assailants on Friday evening. His killers were moving on numberless motorcycles and their heads were covered with helmets, reports indicate. He was murdered with is brother, Police said. Abiriga was aged 62. Many Ugandans
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