The Big Story

UBA finally posts profits after 8 years in the market

by Silvia Nyambura 0
URA Commissioner General Ms Doris Akol (Left), UBA Uganda MD/CEO Mr Johnson Agoreyo (Centre) and Mr Victor Ndlovu, Country Director, VISA Sub Saharan Africa at the launch of the PoS and Online tax payment platform in Kampala. UBA has attributed its growth to innovations, partnerships with government institutions as well as improving efficiencies in its operations.
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By Our Reporter United Bank for Africa (UBA) Uganda has released its audited 2016 full year results, showing growth in total income and profits. The bank recorded a 24% growth in total income of Ushs 29.7 billion as at 31st December 2016 compared to Ushs 24 billion at the end of 2015. It also registered Ushs 2.6 billion in profits after tax, which was a turnaround from a loss of Ushs 4.3 billio

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About the Author

Nyambura is a senior journalist based in Kampala

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