BAT Uganda Directors, Candy Wekesa Okoboi (L), Philemon Kipkemoi (C), and Mathu Kiunjuri (R) joined by two of the Company’s shareholders Dr. Zaalyembikke Majanja (2nd L) and Ms. Bazalaki Robinah Walusimbi (2nd R) to cut a cake as part of celebrations to mark 95 years of BAT in Uganda. This
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Uganda has emerged as the fastest-growing source of diaspora dollars flowing into Kenya. FILE PHOTO | SHUTTERSTOCK Uganda has emerged as the fastest growing source of diaspora dollars flowing into Kenya at a time the remittances from top global sources are slowing down on inflationary pressures squeezing earnings for citizens
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The Ministry of Finance, Planning and Economic Development has proposed to make amendments to The Foreign Exchange (Amendment) Act 2023, which would see the capital requirement for one to establish a foreign exchange bureau increased from the current Shs50M to Shs200M. Currently, Bank of Uganda requires forex bureaus to have
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President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar. President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the continent. Dr Ruto
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CiplaCQIL was listed on the bourse in 2018 A new investor, Africa Capitalworks SSA 3, is set to acquire majority stake in Cipla Quality Chemical Industries Ltd (CiplaCQIL). In a statement dated 15 March 2023 and signed off by the Company Secretary, the Company reveals that on 14 March 2023,
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Deputy Governor, Michael Atingi-Ego (L) gives the award to Ann Juuko Chief Executive at Stanbic and Allan Muhinda, Head global Markets at Stanbic Stanbic Bank Uganda has won the Bank of Uganda (BoU) award for ‘Best-performing Primary Dealer Market Maker (PDMM) for 2022, becoming the first to earn the honour
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The Uganda shilling ended the year 2022 on a strong having appreciated against the US dollar over the previous few months. According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US Dollar, boosted mainly by increased inflows. Over
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Keith Kalyegira, the Chief Executive Officer at Capital Markets Authority Ugandans are now able to invest in the international financial markets for as low as 100 UD Dollars (370,000 shillings) following the launch of the first offshore mutual fund products in Uganda’s financial industry. Standard Chartered Bank says that this
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In recent years, the government has been pushing for increased savings amongst Ugandans with savings estimated at 17.95 percent of the value of the economy in 2021, according to the World Bank. This means for every 100 Shillings made in Uganda, only about 18 Shillings was saved. This was an
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Wealthy Kenyans and firms had piled up KSh922 billion (UShs27.3 trillion) in dollars by last November as they sought to preserve the value of their bank deposits amid a depreciating shilling. Wealthy Kenyans and firms had piled up a record KSh922 billion (UShs27.3 trillion) in dollars by last November
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