Barclays will sell a 7 percent stake in Johannesburg-based Barclays Africa Group on December 5, the British bank said on Friday, the latest and likely last in a series of such sales as it ends more than 90 years as a major presence on the continent. Barclays said after the
Read More
Uganda's young emerging entrepreneur, Maxima Nsimenta could soon make it to Forbes list of young enterprising Africans if her recent success is something to go by. The Livara Cosmetics boss on Thursday received the Award for Uganda Women Entrepreneurs Association Limited (UWEAL) Rising Star award in recognition for her efforts in
Read More
The Uganda Shilling was relatively stable bolstered by end month conversions amid low market demand the week ending 1st December 2017. Trading was in the range of 3620/3630. In the interbank, liquidity remained high with overnight rate dropping to 7.5% while one week traded at 9.5%. In other economic news, Inflation continued
Read More
Uganda’s President Yoweri Museveni, 73, has revealed the secret behind his fitness and good health despite his advancing age. “I have managed to make it to 73 years of age because I do not drink alcohol. I have been here for the last 30 years and all this time you
Read More
Ecobank, the leading pan-African banking group, has won "Bank of the Year" awards in five of its countries of operation, reports All Africa. Ecobank scored the five-trophy hall at The Banker awards, which were held on 29th November at the Hilton London Bankside, with Cameroon, Guinea Conakry, Gambia, Togo and
Read More
Farmer Based Organizations (FBOs) that have potential to contribute to the agricultural value chain finally have a chance at improving their operations and ultimately become bankable. The organizations that currently lack technical or structural capacity to operate in a sustainable way have started receiving technical support from the Agribusiness
Read More
Exim Bank has donated over 110 hospital mattresses, sanitary towels, diapers, milk, sugar, clothes and other essential items to the Female Ward in Butabika Hospital. The Bank also painted the waiting room at the Female Convalescent Ward. This was on the Bank’s recent visit to the hospital where they were
Read More
The Annual Headline (total) Inflation for the year ending November 2017 lowered to 4.0% compared to the 4.8% recorded in October 2017, says Uganda Bureau of Statistics (UBOS). Releasing the Consumer Price Index (CPI) for November 2017 at Statistics House on Thursday, Paul Mungyereza, the UBOS Executive Director revealed that
Read More
The Federation of Uganda Football Associations (FUFA) has revealed plans to professionalise and commercialise Express FC. In a statement on his official facebook page on Thursday, Moses Magogo, the FUFA President said they have embarked on a five year strategic plan to make Express better. “At the end of the
Read More
On the eve of World AIDS Day (December 1) Johnson & Johnson announced that its Janssen Pharmaceutical Companies together with a consortium of global partners have initiated the first efficacy study for an investigational mosaic HIV-1 preventive vaccine. The Bill & Melinda Gates Foundation and National Institutes of Health are
Read More
