Christopher Legilisho, Economist at Stanbic Bank Uganda's private sector continues to thrive despite higher utility, rent, material, and staff costs, according to the latest Stanbic Purchasing Managers' Index (PMI). The PMI dipped from 54.1 in May to 51.9 in June, indicating continued growth but at a slower pace. "The private
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By Brian Bongomin One day you will retire. It is therefore time to understand what the reality of retirement will be for you. You won't be going to work, you won’t have steady cash flow, no influence or at best, a reduced influence. Your children cannot be your retirement investment. Don’t bank
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A photo montage of some bank CEOs/MDs Customer deposits for the 25 commercial banks operating in Uganda increased to Shs33.92 trillion in 2023, up from Shs31.53 trillion in 2022. Business Focus’ exclusive analysis of the banks’ financial statements for the year ended 31st December 2023 shows that the top 10 largest banks
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Joan Kaagaza, the Sector Head of Manufacturing at dfcu Bank As dfcu Bank celebrates 60 years of transforming lives and businesses in Uganda, the bank’s commitment to creating a positive impact remains unwavering. dfcu recently announced its Sector Specialisation strategy, aimed at serving the unique needs of their wide client base.
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By Jasi Rommel In the rapidly changing world of advertising, it is essential to deliver marketing campaigns, services, and product information with precision. This can be accomplished through data-driven advertising. It's therefore important to understand how it operates, its impact on our businesses, and how to implement it. When used
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Madina Nalubiri, Ag. Senior Manager - Pinnacle Banking at dfcu Bank In today’s fast paced world, financial stability and achieving one’s goals go hand in hand. Every now and again, we need an extra boost, and personal loans can be a powerful financial tool when used wisely. In this article,
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Uganda is increasingly earning big from coffee exports Uganda’s coffee exports in May 2024, amounted to 553,529 60-kilo bags, worth US$ 127.30 million (UShs477 billion), Uganda Coffee Development Authority (UCDA) has revealed in its monthly report for May 2024. This was comprised of 473,693 bags of Robusta valued at US
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By Frank Mugabi In the 2024/2025 budget speech, Minister of Finance, Planning, and Economic Development, Hon. Matia Kasaija, severally underscored the critical role of agriculture in driving Uganda’s economic transformation. The Agricultural Sector continues to be the mainstay of Uganda’s economic growth; employing approximately 70% of the population, and contributed 23.8%
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Finance Minister, Matia Kasaija arriving to read the 2024/25 budget The Minister of Finance, Planning and Economic Development has presented to the nation the National Budget that is the first of the fifteen aimed at multiplying the Ugandan economy 10 times. The 72 trillion-shilling 2024/2025 budget is relatively unique and
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Finance Minister, Matia Kasaija (Centre) with his junior Ministers before he left Ministry of Finance headquarters for Kololo independence grounds to read the budget for FY 2024/25 on behalf of the President/ Ministry of Finance Photo Uganda’s total resource envelope for Financial Year 2024/25 amounts to Shillings Seventy-Two Trillion, One
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