Govt plans to boost economy by earmarking Shs 600 Billion in the next financial year specifically to capitalize banks and financial institutions COMMENT | Caroline Kainomugisha | When the financial market is characterized by low financial inclusion, high-interest rates and therefore low investments and growth in the economy, one of the …
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Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to $285.4 million. The total comprehensive income reflects a …
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Kampala, Uganda | THE INDEPENDENT | Agriculture might be finally catching financiers’ eye, with money disbursed to farmers topping all other sectors in January, according to official figures. Statistics from the Finance and Economic Development Ministry show that agriculture received 28% (Sh 283bn) of all loans disbursed in January up …
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Kampala, Uganda | THE INDEPENDENT | Equity Bank (U) Ltd and the DYNAMIC (Driving Youth-led Agribusiness and Microenterprise) program in their continued quest for financial inclusion have launched a partnership to bring access to formal financial services closer to the youth through Equity Bank’s agency banking and digital finance model. …
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Kampala, Uganda | THE INDEPENDENT | dfcu bank has partnered with MAC East Africa Limited and Insurance Company of East Africa to launch an asset financing campaign that will see customers purchase the latest Isuzu mu-X 2018 at a special offer price. Officials said on March 05 in Kampala …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has said the zero interest system in Islamic Banking should attract a good number of Ugandan entrepreneurs. According to Kasaija, Ugandans have been reluctant to borrow from banks due to the high interest rates …
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Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, has unveiled a full operation in the United Kingdom, opening up trade opportunities between the continent and European nations. This follows authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA (UK) Limited …
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Kampala, Uganda | THE INDEPENDENT | The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has told the ongoing Bank of Uganda probe. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU …
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After good economic performance in 2018, can the Uganda economy maintain the momentum? COMMENT | MUSA MAYANJA LWANGA | Despite the political violence that threatened Uganda’s international image, the year 2018 was a great year for the country in terms of economic performance. Estimates show that the economy grew at …
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Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …
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The Independent Uganda: You get the Truth we Pay the Price
