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Tag Archives: Financial

Mixed Fortunes As Banks Release 2017 Financials

Kampala, Uganda | THE INDEPENDENT | Commercial banks have recorded a mixed bag of fortunes over the last one year, according to financial reports released today. The financial results released today show a decline in profits for some banks and microfinance deposit-taking institutions and losses for others. Banks that reported losses …

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Driving financial inclusion

By Mwesigwa Herbert Greater collaboration between telecom companies and financial institutions needed There is a statistic that is so compelling it cannot be missed when it comes to the growth and usage of mobile phones especially in Uganda. In 2003, they were less than two million people with a mobile …

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Greening financial reform

By Simon Zadek Investors need to be motivated to assume responsibility for their investments’ environmental impact Trillions of dollars in “green finance” – that is, low-carbon, resource-efficient investment – are needed annually to prevent climate change and natural constraints from stalling the global economy and threatening the livelihoods of billions …

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When the financial crisis hits

By Mubatsi Asinja Habati Has Africa been spared the brunt of the global financial crisis, as many believe? Not if experts from the World Bank are to be believed. Addressing African leaders at the 12th African Union summit in Addis Ababa last week, the bank’s president, Robert Zoellick, said: “We …

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Global financial crunch

By The Independent Reporter Commodity prices expected to tumble in 2009 The global financial crisis that started to show its effects in the middle of 2007 exploded in 2008. Around the world, stock share prices tumbled, financial institutions previously considered impregnable collapsed or were bought out, and governments even in …

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CRB and Financial Card system Launched

By Independent Reporter The long awaited Credit Reference Bureau (CRB) and Financial Card System were on December 3 officially launched by Uganda’s Central Bank Governor Tumusime Mutebile and the Germany Ambassador to Uganda, Buchholz Reinhard. The new financial card will carry borrowers biodata and once swiped though a card reader …

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“Financial crisis hurting us”

By Patrick Kagenda The Independent’s Patrick Kagenda talked to Mr. Kirumira Vincent assistant marketing manager of Crest Foam in charge of promotions on the effects of the global financial crisis on their business. How has the global financial crisis affected your business? We purchase all items using the dollar. The …

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