Finance

September 30 – October 7, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisOctober 7, 2022October 7, 2022

The Uganda shilling marginally gained as it searched for a meaningful direction on either side of 3800 mark. The unit joined a global risk rally amid weakness in the US…

BOU pushes Central Bank Rate to 10% as Inflation rises to 10%

by Nelson NambooleFinanceNews & AnalysisOctober 6, 2022October 6, 2022

Bank of Uganda – BOU has yet again increased Central Bank Rate – CBR to 10% from 9% where it has been for less than two months. Earlier in August…

September 23 – September 30, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisSeptember 30, 2022September 30, 2022

The Uganda shilling was caught in crossfire of a strengthening dollar as the local market stayed long USD. Markets remained cautious as weekly losses for risky assets were exacerbated by…

September 16 – September 23, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisSeptember 23, 2022September 23, 2022

The Uganda shilling was in a sideways consolidation phase with minor bearish pressure but was showing signs of reversing as pockets of demand kept emerging. The unit held in the…

Digital thieves hit UGAFODE Microfinance; make off with UGX400 million

by Muhereza KyamuteteraFinanceNews & AnalysisThe Big StorySeptember 19, 2022June 7, 2023

UGAFODE Microfinance Limited, one of five licensed micro deposit-taking financial institutions (MDI) in Uganda, has been hit by digital fraudsters, making off with an amount said to be about UGX400…

September 2 – September 9, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisSeptember 9, 2022September 9, 2022

The Uganda shilling firmed in volatile trade that saw both gains and losses. On one hand commodity flows boosted the supply side while pockets of demand were seen from the…

HERE FOR GOOD: 1-on-1 with Sanjay Rughani, Standard Chartered Bank Uganda’s new CEO

by Muhereza KyamuteteraCEOsFinanceThe Big StorySeptember 8, 2022September 8, 2022

For starters, how do you describe yourself? I have so many ways that I could describe myself. Last year I attended an executive coaching course and the question that I…

PROFILE: Who is Israel Arinaitwe, Stanbic Bank’s Ag. Executive Head for Consumer & Affluent Banking?  

by Muhereza KyamuteteraFinanceLists & RankingsNews & AnalysisThe Big StorySeptember 8, 2022September 8, 2022

Stanbic Bank, Uganda’s largest bank by deposits, lending, income, profitability and assets, last week announced it had refreshed its ‘Get It Done’ loan campaign launched in May 2022 with even…

August 26 – September 2, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceNews & AnalysisSeptember 2, 2022September 2, 2022

The Uganda shilling held steady, trading within range amid low dollar appetite across all sectors. Supply was beefed up by end month conversions. The unit was quoted at 3800/10. The…

Q&A WITH POSTBANK’S EXECUTIVE DIRECTOR, ANDREW KABEERA: With a new core banking system, a new switch and 60 smart ATMs, PostBank has laid a strong digital foundation for an exciting future

by Muhereza KyamuteteraFinanceIndustry & AnalysisNews & AnalysisThe Big StoryAugust 30, 2022September 7, 2022

PostBank has installed a total of sixty (60) smart ATMs at all its branches. This is the highest number of smart ATMs for any bank in the country. For starters,…