Property consultancy firm, Knight Frank, has been appointed by Aponye (U) Ltd, to manage Aponye Complex, a newly completed mixed-use development in the heart of Ntinda, Kampala. The Aponye Complex, a 5,000 sqm mixed-use development which comprises retail, commercial and…
In the six months to June 30, MTN Uganda said its pretax profit rose to 275.6 billion shillings ($71.1 million) from 208.1 billion in a similar period last year. MTN Uganda said on Thursday its first-half pretax profit jumped 32.4%…
The Rwandan subsidiaries of regional lenders KCB and Equity have auctioned a prime shopping mall in Kigali for $16.4 million. BPR Rwanda, a unit of KCB, and Equity Bank Rwanda were seeking to recover a $16 million loan the owner…
Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful…
PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods, has today, launched its new smart ATMs in a bid to get more Ugandans financially included through digitisation. With the smart ATMs, customers will now be…
Uganda’s commercial banks are planning to provide Shs 1 Trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, the chairperson of Uganda Bankers Association said during the 5th Annual Bankers Conference…
Housing Finance Bank together with the Parliamentary Forum on Labor, Decent Employment, and Productivity and the Bank of Uganda, this morning facilitated a Breakfast Meeting on enhancing Foreign Direct Investments (FDI) into the country. The meeting, held at the at…
Micro, Small and Medium Enterprises (SMEs) in Uganda are set to benefit as dfcu Bank launches a brand-new offering aimed at giving them an opportunity to enjoy banking while operating an account that speaks to their business needs at their…
Oxfam, plans to unveil a 20million Euros (Shs77bn) Impact Fund to support small businesses in line with their goals. The fund, to be unveiled as a pilot project before the end of the year, will support businesses in Uganda, Kenya…
Multinationals with lower rental budgets are now opting for residential apartments in less affluent suburbs in the greater Kampala, according to the latest report by the property management firm, Knight Frank. The report, released on July.15 indicates that dollar dominated…
UnionPay International and PostBank Uganda Ltd have announced an extension of their ongoing collaboration to further enhance digital financial inclusion in Uganda. The partnership between PostBank Uganda and UnionPay International was established in 2018 with a core objective of improving…
The National Social Security Fund (NSSF) is creating a national company to address the issue of farmers’ limited access to markets. According to the Fund, the issue of access to markets is one of the fundamental issues afflicting Uganda’s agricultural…
Dfcu Bank has said it will rely on seven core strategies to revitalise profitability. Speaking at the 57th virtual annual general meeting in Kampala on Wednesday,, Mr Mathias Katamba, the dfcu Bank managing director, said the bank will diversify its…
The United Bank for Africa (UBA), Africa’s global bank has been in operation for over seven decades. Today, the group is present in 20 African countries, the United Kingdom, the United States of America and France. The bank has extended…
Centenary Group, which owns Uganda’s oldest and largest indigenous financial entity, Centenary Bank, received incredible appeals from over 200 business leaders at the ongoing South Sudan – Uganda Business Forum to extend Centenary Group services to South Sudan. Fabian Kasi…