Finance

November 12 – November 19, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNovember 19, 2021November 19, 2021

The Uganda shilling surrendered some ground shedding off at least 15 units on the back of heavy demand from fuel importers stocking up for end of year. Trading was in…

I&M Group PLC completes acquisition of Orient Bank, rebrands to I&M Bank (Uganda) Ltd

by Muhereza KyamuteteraFinanceIndustry & AnalysisThe Big StoryNovember 8, 2021June 19, 2024

I&M Group PLC officially launched its rebranded operations in Uganda today, following its acquisition of Uganda’s Orient Bank Ltd on 30th April 2021. The Ugandan bank will now operate as…

October sees Economic activity up as employment remained stunted amid cost pressures- Stanbic Study

by CEO ReporterAdvertising & CommunicationFinanceIndustry & AnalysisNews & AnalysisNovember 3, 2021November 3, 2021

Uganda’s private sector recorded a third successive monthly increase in business activity during October thanks to a return to normal operating conditions and increase in new orders, but companies were…

October 22 – October 29, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisOctober 29, 2021October 29, 2021

The Uganda shilling steadied against the dollar, recouping its losses, largely supported by offshore dollar inflows. The dollar- UGX rate hovered around 3550 throughout the week. In the regional markets,…

PRODUCT REVIEW: Run your education institution efficiently and profitably with School Suite & SchoolPay by Service Cops

by Muhereza KyamuteteraFinanceFintechsIndustry & AnalysisThe Big StoryOctober 29, 2021October 29, 2021

The education sector in Uganda constitutes at least 5% of GDP. That is the equivalent of UGX 7.4 trillion. So yes schools are big business. And yes, just like many…

October 15 – October 22, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisOctober 22, 2021October 22, 2021

The Uganda shilling showed its volatile side in recent days having endured a torrid time last week crossing a key level of 3650 against a resurgent dollar. This week how’re…

Pegasus Technologies becomes the first indigenous Ugandan fintech to get BoU license for mobile payments.

by Muhereza KyamuteteraFinanceFintechsThe Big StoryOctober 18, 2021October 18, 2021

Pegasus Technologies Limited, an indigenous Ugandan company, has become the fifth, company to receive a license from the Bank of Uganda to operate as a Payment Service Operator (PSO), having…

URA Tips Business Owners On Navigating Covid-19 Pandemic After Effects

by CEO ReporterFinanceNews & AnalysisOctober 16, 2021October 16, 2021

Uganda Revenue Authority (URA) has kicked off the third edition of the e-bomba ya business summits with discussions on survival of businesses in the wake of the effects of COVID-19…

October 8 – October 15, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceIndustry & AnalysisNews & AnalysisOctober 15, 2021October 15, 2021

The local currency backtracked to hit record lows on demand jitters, testing a key level of 3600. Demand was mainly from oil importers and some interbank activity. In fixed income,…

HERE FOR GOOD: Standard Chartered Bank CEO, Albert Saltson talks building world-class products and going the extra mile as the Bank’s Customer Service Month gets underway

by Muhereza KyamuteteraFinanceIndustry & AnalysisThe Big StoryOctober 13, 2021October 13, 2021

Standard Chartered Bank has declared this October as the customer service month- What is the genesis of this initiative and why dedicate such a long period, where most businesses usually…