The monthly Stanbic Purchasing Managers’ Index (PMI) dropped to 34.9 in June from 56.5 in May attributed to government’s lockdown measures that were announced to tame the spread of COVID-19. PMI is an indicator of business activity, both in the…
KALUNGU — The Food and Agriculture Organization of the United Nations (FAO,) last week, launched two solar-powered irrigation systems in Kalungu District. The projects are part of efforts to strengthen the resilience of rural populations and agricultural production systems through…
KAMPALA — dfcu Bank has held an engagement for its customers and key stakeholders in the oil and gas sector to share insights into the opportunities in the Oil and Gas sector post the Final Investment Decision.Following the signing of…
KAMPALA —Mr. Constant Othieno Mayende has been appointed as Chairman Board of Directors, KCB Bank Uganda Limited. He replaces Mr. Aga Sekalala Jr, whose term recently came to an end. Mr. Othieno is a Partner at CMK & Co, Certified…
KAMPALA — Centenary Bank has announced a 26.2% growth in its total assets on the back of increased customer deposits and investment activities. The growth demonstrates the bank’s resilience and guarantees its strong ability to continue meeting its customers’ financial…
Kampala — Roke Telkom, a Ugandan public service provider for voice and data communications services has launched a new cloud surveillance solution; the Roke Guardian that will enable organizations, businesses, and individuals to do more with less in supporting their…
Officials at the National Medical Stores (NMS) in Entebbe, are in trouble over allegations of causing financial loss to the government worth over Shs6.5Bn, well knowing that it is an act tantamount to abuse of office and liable to criminal…
The Ministry of Health has received medical equipment worth USD 250,000 to boost the COVID-19 response in Uganda. This donation was made by the Government of Ireland through its Embassy in Uganda in partnership with World Health Organization Uganda.
African Guarantee Fund has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer.
The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building fintech capacity.
The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favour of East African Development Bank (EADB). EADB will use the loan to support small- and medium-sized enterprises (SMEs) and infrastructure projects in East Africa.
A group of executive at Stanbic Bank Uganda are on police’s wanted list over allegations of insider dealing and illegally selling property that borrowers had staked as collateral security to themselves.
The Ministry of Health and Ministry of Education has demanded all teachers to undergo Coronavirus (COVID-19) testing before they resume teaching.
The Director of the African Union’s Africa Centers for Disease Control and Prevention, Africa CDC, Dr John Nkengasong, has been awarded the Bill & Melinda Gates Foundation (BMGF) 2020 Global Goalkeeper Award.
The Ministry of Health has received a USD3.72 million grant from the government of Japan in a bid to boost the fight against Coronavirus (COVID-19).