Finance

March 4 – March 11, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisMarch 11, 2022March 11, 2022

The Uganda shilling surrendered some ground, undercut by a surge in dollar demand from offshore buyers, oil and merchandise importers. The local unit traded just above the 3600 key level…

To exercise or not excise your NSSF Mid-term Access

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisMarch 7, 2022March 7, 2022

By Livingstone Mukasa On January 2nd, 2022, the president of the Republic of Uganda assented to The National Social Security Fund (Amendment) Act of 2021. What caught the public eye…

February 25 – March 4, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisMarch 4, 2022March 4, 2022

The Uganda shilling tumbled further, undermined by a surge in demand from offshore investors on a race for liquidity as international sentiment triggered flight to safety. Trading was in the…

Mabunu Market is Taking Western Uganda by storm

by CEO ReporterFinanceNews & AnalysisMarch 3, 2022March 3, 2022

In September 2021, an idea was turned into reality in Ntungamo District, Mabunu market opened in the area. The market that operates every last Saturday of the month in Rwemihanga…

Ugandan economy to bounce back stronger, economists Affirm

by CEO ReporterFinanceThe Big StoryFebruary 15, 2022February 15, 2022

Uganda’s economy will register progressively steady growth in the next 3 to 5 years as the country bounces back from more than two years of battling the Covid-19 pandemic which…

January 4 – February 11, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by Stephen KaboyoFinanceIndustry & AnalysisFebruary 11, 2022March 8, 2022

The Uganda shilling was relatively volatile as it responded to the demand and supply imbalances in the market. Investor sentiment and trading moves were see-sawing most of the sessions. Trading…

Former Absa CEO Daniel Mminele appointed Head of South African Presidential Climate Finance Task Team

by CEO ReporterAfricaFinanceNews & AnalysisFebruary 9, 2022February 9, 2022

South African President Cyril Ramaphosa has appointed former Absa Group chief executive and Deputy Governor of the South African Reserve Bank Daniel Mminele as head of the newly established Presidential Climate…

Standard Chartered Bank’s Razia Khan: Even with FID Out, Uganda’s economy will improve only gradually

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisThe Big StoryFebruary 8, 2022February 8, 2022

“While Uganda will become an oil producer in the years ahead, we see only a gradual return to the pre-COVID growth trend of c.6%. We now forecast growth of 5.1%…

Airtel Mobile Commerce Uganda Limited, Housing Finance Bank Uganda partner to launch ‘Quick Loan’

by CEO ReporterCompany NewsFinanceNews & AnalysisFebruary 7, 2022February 7, 2022

Airtel Mobile Commerce Uganda Limited, the provider of affordable and secure Airtel money platform, has partnered with Housing Finance Bank Uganda and digital lending platform provider YABX to enable Airtel Money customers, to…

Borrowers to access up to UGX 100 million in dfcu Bank SMEs recovery loans

by CEO ReporterFinanceNews & AnalysisFebruary 7, 2022February 7, 2022

dfcu Bank launched its Small Business Recovery Fund that aims to offer a financial uplift to small businesses that have been adversely impacted by the COVID-19 pandemic. The dfcu recovery…