By Denis Jjuuko Mpigi town today is nondescript, a backwater town located approximately 45.8km from Kampala on the Kampala-Masaka highway. The town of almost one street is dominated by small traders, some operating in incomplete buildings or kiosks. A few branches of banks here and there. Generally, nothing much to
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Central bank gold buying continues to sizzle. When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been close to three decades since the Bank of Uganda
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Uganda continues to enjoy the high prices Uganda Coffee Development Authority (UCDA) has revealed that the country’s coffee exports in June 2024 amounted to 667,037 60-kilo bags worth US$ 162.36 million (Shs600.87 billion). This is the highest ever earnings recorded in a single month for Uganda. According to UCDA’s monthly
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Dinah Nalubega, a lab technician at Vivo Energy Uganda explaining to journalists the several tests done on fuel products Vivo Energy Uganda, the marketer and distributor of Shell-branded fuels and lubricants in Uganda, goes through an intricate process to deliver the quality products that customers enjoy to use. On July
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Small scale coffee farmers are set to be affected by EU rules/Business Focus photo Coffee farmers will have to ensure that they do not employ children if Ugandan coffee is to access the European Union. The EU rules against child labor in the coffee sector are in addition to those
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Bank of Uganda has revealed that between February 2024 and April 2024, Ugandan businesses and individuals applied for loans from financial institutions worth Shs5.1Trn, although, only loans worth Shs3.4Trn were approved within the same period. The details are contained in the State of Economy Report for June 2024 that was
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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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