Finance

School re-opening boosts private sector activity in January – Stanbic Study

by CEO ReporterFinanceNews & AnalysisFebruary 5, 2022February 5, 2022

Business conditions improved in the Ugandan private sector in January, buoyed by the reopening of schools following an extended period of closure due to the COVID-19 pandemic according to the…

January 28 – February 4, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisFebruary 4, 2022February 4, 2022

The Uganda shilling rallied to its highest level in months trading below the key level of 3500 following the announcement of the Final Investment Decision by the international oil companies…

All banknotes signed by Late Mutebile still legal tender – BoU

by CEO ReporterFinanceNews & AnalysisFebruary 3, 2022February 3, 2022

Bank of Uganda (BoU) has dismissed the false information circulating on different media platforms claiming that the banknotes bearing the signature of the Late Prof. Emmanuel Tumusiime-Mutebile, the former Governor,…

Employ Professional Accountants or we shall bite – ICPAU advises employers

by CEO ReporterFinanceIndustry & AnalysisJanuary 28, 2022January 28, 2022

The President of the Institute of Certified Public Accountants CPA Constant Othieno Mayende has asked employers to recruit only professional accountants who have undergone training, and are members of ICPAU…

January 21 – January 28, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisJanuary 28, 2022January 28, 2022

The Uganda shilling perched on the stable side supported by corporate and interbank market activity and held broadly in the range of 3515/25. In the bond market, investors continued to…

Prof. Emmanuel Tumusiime-Mutebile, Bank of Uganda’s longest-serving Governor, dies at 72 years

by Muhereza KyamuteteraFinanceIndustry & AnalysisThe Big StoryJanuary 23, 2022January 23, 2022

Prof. Emmanuel Tumusiime-Mutebile, Bank of Uganda’s longest-serving Governor and Chairman of the Board of Directors, since 2001, has died. He was aged 72 years. Born on January 27th, 1949, he…

January 14 – January 21, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisJanuary 21, 2022January 21, 2022

The local currency kept a positive outlook, as earlier forecast of increased dollar demand underpinned by the reopening of the economy did not come through at the scale that was…

January 7 – January 14, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisJanuary 14, 2022January 14, 2022

The Uganda shilling ticked slightly higher in thin trading on cautious optimism as the economy opens up. Sustained market inflows also worked in favour of the local unit. Trading was…

January 1 – January 7, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisJanuary 7, 2022January 14, 2022

In the first trading week of the year, the Uganda shilling was little changed following a quiet holiday period. Market activity remained low as most market players were yet to…

Q&A: PostBank’s Kakeeto on becoming a Tier 1 bank and scaling the MSMEs and agriculture proposition

by Muhereza KyamuteteraCompany NewsFinanceNews & AnalysisThe Big StoryJanuary 5, 2022January 8, 2022

In this interview with CEO East Africa Magazine’s Muhereza Kyamutetera, Kakeeto says, much as the tier-one is the holy grail that he has been chasing, attaining it, marks the start…