Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …

IRA hopes that 2021 will be a better year compared with last year amidst the new wave of coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Enhanced distribution and sustainable growth in the uptake of medical and life insurance policies helped Uganda’s insurance industry to record a 9% growth in …

The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …

French multinational, Rubis Energie plans to invest up to US$25million in rebranding of newly acquired Kenol Kobil and delta fuel stations countrywide. The money will be invested over a three to four years period based on demand for their products. Kampala, Uganda | ISAAC KHISA | “… we will continue …

  The sector is showing signs of recovery as tourists starts to arrive in the country amid the pandemic Kampala, Uganda | ISAAC KHISA | Uganda’s foreign exchange earnings from tourists’ arrivals fell 72.7% to US$440 million in 2020 highlighting the adverse effects of coronavirus pandemic on the country’s tourism …

Telecom firm, Airtel Uganda, could soon start investing customers’ savings in the government’s treasury bills and bonds upon receiving a license from Bank of Uganda in fulfillment of the National Payment Systems (NPS) Act, 2020. Kampala, Uganda | ISAAC KHISA | Manoj Murali, the Airtel Uganda managing director, said the …

The lender has also recorded a surge in operational expenses during the same period under review Kampala, Uganda | ISAAC KHISA | Regional lender, Equity Group Holdings, has recorded a huge surge in profits amidst the multi-faceted Covid-19 pandemic crisis of health, economic disruption and humanitarian challenges. Latest financial results …

Spanish on-demand courier service, Glovo, now plans to expand into Jinja or Entebbe as it grows its network across Uganda. Kampala, Uganda | ISAAC KHISA | The company currently partners with various businesses including retail chains such as Carrefour and fast food chains, KFC, Mr. Tasty Fried Chicken, The Food …

The company will soon welcome two new minority investors – The Rise Fund and Mastercard – in its mobile money business Kampala, Uganda | ISAAC KHISA | India’s Bharti Airtel operations in East African shrugged off the effects of coronavirus pandemic to record a 15% surge in revenue to US$1.38bn …

Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …