Finance Archives – Page 23 of 66

EFRIS: Not just a tax compliance tool but a very functional tool for businesses; tax experts speak out

by CEO ReporterFinance Industry & Analysis The Big StoryJuly 26, 2021July 27, 2021

EFRIS— the Electronic Fiscal Receipting and Invoicing Solution is a smart business solution introduced by the Uganda Revenue Authority (URA) to manage the issuance of fiscal documents for purposes of real time transmission and authentication of business transaction data; ascertaining accuracy of self-assessment; facilitate pre-filing of tax returns; timely processing…

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July 16 – July 23, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceJuly 23, 2021July 23, 2021

The shilling uptrend gained momentum on interbank sell off that improved supply levels in the market. The unit was quoted at 3545/55, a touch stronger from the week’s opening levels. In the money market liquidity was tight, another factor that propelled the local currency.In fixed income market, yields on 3…

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ICPAU Completes Fourth Quality Assurance Cycle with more than 200 Accounting Firms Reviewed

by CEO ReporterFinanceJuly 22, 2021July 22, 2021

By CPA Susannie KyamanywaThe Institute of Certified Public Accountants of Uganda (ICPAU) implements a quality assurance programme that is conducted in three-year cycles. The first cycle was completed in February 2010, the second in March 2014, the third in May 2017. The fourth cycle was completed in December 2020.Quality assurance…

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July 9 – July 16, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceJuly 16, 2021July 16, 2021

The shilling traded with uptrend bias supported by sizeable flows mainly from commodities and portfolio funds targeting the bond market. Market players quoted the shilling at 3540/50.In the bond market, the 500 billion offer on the 5 and 20-year curve attracted overwhelming demand with yields holding at 13.409% and 15.950%….

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Bank of Uganda lowers cheque value limits by half

by CEO ReporterFinanceJuly 15, 2021July 15, 2021

Bank of Uganda (BoU) has reduced by half the maximum value that can be written on cheques to banks and other financial institutions.Currently, amounts written on cheques are limited to a maximum value of Shs20 Million per transaction for exchange of instruments by commercial banks in the clearing house. The…

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HOW SAFE IS YOUR MONEY IN THE BANK? 18 things that you need to know about the Deposit Protection Fund of Uganda (DPF)

by Muhereza KyamuteteraCompany News Finance Government Agencies Industry & AnalysisJuly 10, 2021July 10, 2021

A bank or deposit-taking institution should be the most secure place to keep your money away from any risk. But from time to time, even these institutions fail, and the Central Bank must close them down to protect depositors money.Past experiences with closed banks, especially those closed in the 1990s…

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July 2 – July 9, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceJuly 9, 2021July 9, 2021

The local currency traded flat holding at 3540/50, underpinned by ebbing demand from the main market players as economic slowdown continues on account of the domestic lockdown. The money markets however, remained awash with liquidity and the Central Bank was seen active undertaking open market operations.In the fixed income market…

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Absa Uganda point of sale terminals start accepting MTN MoMoPay payments

by Muhereza KyamuteteraCompany News Finance Industry & Analysis The Big StoryJuly 7, 2021July 7, 2021

Absa Bank Uganda and MTN Mobile Money Uganda Limited have today announced the introduction of mobile money payment functionality, also known as MTN MoMoPay on Absa Point of Sale (POS) machines/terminals. The service is open to all MTN Uganda mobile money account holders, who can now make payments on any…

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June 25 – July 2, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by CEO ReporterFinanceJuly 2, 2021July 2, 2021

It was sideways trading for the local currency crossing over into the new fiscal year, largely underpinned by a sharp slowdown in demand as Covid-19 lockdown measures kept business activity at the bare minimum. Bid and ask quotes held at 3540/50.On another note, the IMF loan approval for the Government of Uganda…

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June 18 – June 25, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

by Edna KyokunzireFinanceJune 25, 2021June 25, 2021

The Uganda shilling oscillated in a narrow range of 3540/50 mainly on interbank and corporate market activity. Commercials banks were seen covering positions. The unit was a touch weaker after attempting to break beneath a key level of technical support around 3500 over the past couple of weeks.On further analysis…

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Finance

Climate change and monetary policy: A tough conversation with African central bankers

Stanbic Bank rolls out new Campaign to ease credit access for women and youth

Uganda’s oil projects hit by delays, funding shortfalls – Auditor General says

Tough times for Uganda as President Trump suspends US foreign aid for three months, cuts WHO and climate funding

I&M Bank partners with A Pass for maiden concert and celebration of 10-year music journey

EFRIS: Not just a tax compliance tool but a very functional tool for businesses; tax experts speak out

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July 16 – July 23, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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ICPAU Completes Fourth Quality Assurance Cycle with more than 200 Accounting Firms Reviewed

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July 9 – July 16, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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Bank of Uganda lowers cheque value limits by half

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HOW SAFE IS YOUR MONEY IN THE BANK? 18 things that you need to know about the Deposit Protection Fund of Uganda (DPF)

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July 2 – July 9, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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Absa Uganda point of sale terminals start accepting MTN MoMoPay payments

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June 25 – July 2, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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June 18 – June 25, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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