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Tag Archives: Elly Karuhanga

Gov’t protects private sector from domestic borrowing impact

Kampala, Uganda | THE INDEPENDENT | The spike in domestic borrowing by the government has increased the discomfort in the private sector, as commercial banks also raise their interest rates. Commercial banks have been announcing new prime lending rates over the last three months, attributing their decisions on ‘current business environment’ …

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European Union renews efforts to grow Ugandan export

Kampala, Uganda | THE INDEPENDENT | The European Union and the Private Sector Foundation Uganda (PSFU) have revived the Sustainable Business for Uganda (SB4U), a trade improvement initiative that was disrupted by the COVID-19 outbreak, one year after its launch. The platform launched in 2019 is aimed at enabling Uganda’s export …

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dfcu Bank cuts dividend payout to Shs 13bn

Long serving board chairperson Elly Karuhanga retires in September Kampala, Uganda | ISAAC KHISA | dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed …

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Gideon Badagawa: End of an era

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda Chief Executive Officer, Gideon Badagawa died on Monday at Mulago National Referral Hospital where he had been admitted. The death of the accomplished business administrator was announced by the PSFU board chairman Elly Karuhanga, who said that Badagawa’s wife, Susan …

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Gov’t policies could hurt economy – PSFU

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation is concerned that the policies that the government is putting in place are likely to worsen the effects of the Covid 19 pandemic on the economic and social situations in the country. The Private Sector Foundation Uganda Chairman, Elly Karuhanga says …

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PSFU partners with Mastercard Foundation to support COVID-19 fight

Kampala, Uganda |  THE INDEPENDENT | Julius Businge | The Private Sector Foundation Uganda (PSFU) in partnership with Mastercard Foundation through the COVID-19 Economic Recovery and Resilience Response Program (CERRRP) managed at PSFU has handed over personal protection equipment among other items to complement the efforts of the Government of Uganda …

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