Uganda’s commercial banks have been releasing their 2016 financial results in the past few months as prescribed by the law. Business Focus has critically analysed the results of the 24 banks, taking into account key performance parameters such as profits, customer deposits, loans advanced to customers, bad loans written off,
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Dangote and Gates: Why We are Hopeful About Improving Health in Africa
This week, more than 138,000 vaccinators will fan out across five African countries in the Lake Chad area in a push to eliminate polio in Africa and rid the world of this terrible disease forever. They will take boats across fast-flowing rivers, ride jeeps along sandy ravines, walk crowded street
Read MoreThe 2017/18 Shs30trn budget is about to be passed and adopted by the Parliament of Uganda. If passed unchanged, Uganda Revenue Authority (URA) will be expected to raise Shs14.5 trillion in 2017/18 Financial Year, up from Shs12.6 trillion in 2016/17. This means that government is no doubt going to come
Read MoreIn March 2017, Amelia Kyambadde, the Minister of Trade Industry and Cooperatives officially launched the ‘Buy Uganda, Build Uganda’ (BUBU) campaign to give effect to the BUBU Policy formulated in 2014. The Ministry of Trade, Industry and Cooperatives (MTIC) will lead the implementation of Policy in collaboration with relevant Government
Read MoreOn March 29, 2017, Oxfam International launched a report indicating that Uganda’s income inequality is on the rise. In simple terms, the rich are getting richer and the poor poorer. The report was compiled by Prof. Augustus Nuwagaba, a senior economist who is consulted worldwide on poverty eradication matters and
Read MoreUganda’s food crisis seems to be far from over. Even the ongoing rains may not save the situation as many farmers are already counting losses, thanks to the deadly armyworms that have destroyed several farms and unstable rains in some parts of the country. Currently, many Ugandans especially in urban
Read MoreAs the International Associations of Athletics Federation World Cross-country event that was held over the weekend unfolded, there was so much noise about what could have been done to promote it even better than we did. The event falls under the sports tourism section that Uganda neglects when it comes
Read MoreThe time for Uganda’s budget speech for the Financial Year 2017/18 is fast approaching. According to the Public Finance Management Act, 2015, Members of Parliament are expected to have passed the Budget by May 30 in preparation for the Budget Speech in June. The budget is read by the Minister
Read MoreBad For the Economy: Crane Bank Collapse Leaves Uganda With Only Three Locally Owned Banks
On January27, 2017, the Central Bank of Uganda, the Bank of Uganda (BoU) announced that dfcu had acquired Crane Bank. It was revealed that dfcu beat off competition from other 12 financial institutions to emerge winner. “… Bank of Uganda has now transferred the liabilities including deposits of Crane bank
Read MoreUganda’s economy has come under scrutiny of late. This is because it (the economy) is performing poorly as witnessed by a number of businesses that have closed shop in the last few years. Local companies that have fallen due to a weak economy include but not limited to Crane Bank, WBS,
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