Bank of India (BOI) Uganda is one of the most profitable banks especially among the new ones. Although it has less than 1% industry market share, BOI has been posting profits since it rejoined the Ugandan market in 2012. It was the 14th most profitable bank in 2017 out of
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Government’s plan to ban importation of cars eight years old or more with the aim of protecting the environment and Ugandans against the dangers resulting from air pollution (by older cars) has attracted public criticism. Some analysts are wondering whether it will be implemented when ‘kaveera’ ban also meant to
Read MoreThe 2018/19 tax-heavy budget has sent many Ugandans’ tongues wagging. The Shs200 daily tax on social media, reinstatement of corporation tax on SACCOs making profits and 1% tax on Mobile Money transactions and 15% on Money transfers are some of the proposed taxes that have received a lot of criticism.
Read MoreINTERVIEW: Bank Of India Boss Reveals Secrets On Successful Start In Uganda
Bank of India re-entered the Ugandan market in 2012, having first opened shop here in 1953, but following the expulsion of Asians from the country by former President Idi Amin in 1972, it sold its assets to Bank of Baroda and exited the country. It is a small bank but
Read MoreEach day that comes, Fortebet grows bigger, better and stronger. As a result, it has ensured maximum service to its customers across Uganda. Talking to one of the punters at Seeta branch, Julius.K explained his reasons why he chose Fortebet. “One of the reasons is instant payments. There is no
Read MoreBig Opportunity: How To Earn Profitably From Greenhouse Farming
Do you have a small piece of land and want to put it to better use? Do you want to earn from farming throughout the year? Green house farming is the answer. A greenhouse is a structure with walls and roof made essentially of transparent material, such as glass, in
Read MoreTechnology is increasingly changing the way people transact business world over. According to Uganda Communications Commission (UCC), Uganda has over 13 million internet users, a development that has seen many businesses go online. It is against this background that a number of banks are embracing digital banking that will in
Read MoreSomali Refugee Has Spent Shs1bn In Transforming Kisenyi Slum
Hope came in with a new sport for Kisenyi, the largest Kampala slum that has for long been notorious as a violent enclave for drug distribution and abuse, prostitution as well as all forms of thuggery. The noisy chatter, tired unplanned cribs, smelly drainage and dusty narrow roads is the signature tune
Read MoreRemarks by His Excellency, Prof. Yemi Osinbajo, SAN, GCON, The Vice President of The Federal Republic of Nigeria, at an Interactive Session Titled “Stabilizing The Mediterranean” at the World Economic Forum in Davos, Switzerland, on Wednesday, 24 January, 2018: [caption id="attachment_8061" align="aligncenter" width="573"] Prof. Yemi Osinbajo, The Vice President of
Read MoreFuel pump prices are increasing in Uganda, a development that has seen transport fares go up in some parts of the country. Currently, a litre of petrol in Kampala is averaging Shs3, 800, up from an average of Shs3, 600 a fortnight ago. In Western parts of Uganda, a litre
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