Bank of Uganda (BoU) Deputy Governor, Dr Louis Kasekende has advised banks on how they can stay sound and strong. Kasekende revealed corporate governance, external auditors and prudential regulation and supervision by the Central Bank are key in keeping banks sound and strong. He said this while delivering a Keynote
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By Mariam Abdullahi, After nearly two decades of uninhibited growth and profitability, African telecoms operators (telcos) are facing the converging forces of digital disruption. Some of the factors contributing to this are: easily accessible broadband internet, popular over the top (OTT) services such as WhatsApp, and changing consumer needs. According
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A new survey reveals that Uganda’s economy is increasingly recovering from hard economic times despite export orders reducing due to political uncertainty in key export markets. The Headline Stanbic Bank Uganda Purchase Manager’s index for August signaled a further improvement in the health of the Ugandan private sector. At 54.1
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By Godfrey Kenneth Gobba What if you could borrow a hundred million bucks from your bank, invest it in the Stock Market and double your money in two months? What if you could borrow a billion bucks from your bank, invest it in Bonds or Treasury Bills and earn hundreds
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All eyes will be on the financial markets that opened today for the first full trading session after Friday’s Supreme Court ruling that annulled the August 8 presidential election. The Friday pronouncement by the highest court in Kenya immediately triggered a bloodbath at the stock market that saw Nairobi Securities
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Credit from commercial banks to the private sector plays a big role in the development of a country. However, despite Uganda having 24 banks, credit to the private sector generally remains low, a thing that affected Uganda’s economic development. Financial inclusion (manifested in the number of Ugandans who operate an
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David Maraga, Kenya's Chief Justice and three of his colleagues on Friday created history by annulling the August presidential election. It is unprecedented in Africa for an opposition court challenge against a presidential election to succeed. Kenyans and East Africans at large have praised Justice Maraga for having the courage
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By Godfrey Kenneth Gobba If you have failed miserably at something every time you’ve tried it, then perhaps you ought to try trading forex. The business of forex trading is one of those rare endeavors where doing less is ironically one of the main keys to success. Here are what
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Somalia, a failed state in East Africa, has an extremely hostile political and business environment. But its people, the Somalis, are some of the most entrepreneurial people in Africa. Meet five low-key, ultra-wealthy Somali entrepreneurs who founded, own and run businesses with proven annual revenues of eight figures or more
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On Saturday night, Conor McGregor lost to Floyd Mayweather but shocked the world by going 10 rounds with “The Best Ever” before the referee ended the fight. If all you saw was McGregor’s post-fight press conference to the mainstream media you would have seen someone who made no excuses, kept
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