Over the last two years, the COVID-19 pandemic impacted businesses on national and global scale. Governments in many developing countries introduced severe containment measures, involving restrictions on economic activity and mobility, to curb the spread of COVID-19. In Uganda, public transport…
SafeBoda has announced a new partnership with Rubis Energy Uganda where customers and drivers will enjoy great discounts when purchasing fuel at Rubis stations. SafeBoda recently acquired a National Payments Services license from Bank of Uganda which allowed the company to…
Michael Atingi-Ego, the Deputy Governor of Bank of Uganda, said, “Uganda’s inspirational ranking amidst a raging Covid-19 pandemic should galvanize us to sustain the good policies and interventions as well as to undertake the strategies that will unleash the power…
The Deposit Protection Fund (DPF) has revealed that it has about 20.1 billion which is supposed to be paid to shareholders and depositors of closed financial institutions upon the conclusion of liquidation processes by the Bank of Uganda (BOU) In…
Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…
President Yoweri, in accordance with Article 174(2) of the 1995 Constitution of the Republic of Uganda, he has made reshuffles in the positions of Permanent Secretaries, in which Keith Muhakanizi has been replaced by renowned economist Ramadhan Ggoobi as the…
In the FY 2020/21, Uganda Revenue Authority (URA) collected net revenue of sh19.26Trillion and posted a growth in revenue of 14.99 percent in comparison to the FY 2019/20 and an estimated tax to GDP ratio of 12.99 percent, according to…
By Wilson Ishimwe Uganda Bankers Association (UBA) has unveiled the Fourth Annual Bankers Conference 2021 that will be held 26th & 27th July under the theme “ Bend but Don’t Break, How the Financial Sector can thrive in the era of the…
Gov’t projects a sh2Trillion revenue shortfall in the first quarter of Financial Year 2021/22 as a result of the on-going nationwide total lockdown in which businesses are closed down, the Finance Ministry Permanent Secretary/ Secretary to Treasury Patrick Ocailap has…
Transactions in Uganda's banking sector grew to a robust sh20 trillion from sh18 trillion the year before, helped by growth in agent banking, a survey by Summit Consulting indicates.
Corporate communications departments play a key role in how investors, employees, and the general public perceive a company.
In July 2014, news came about the disappearance of Crane Bank Managing Director AR Kalan. Kalan was for long associated with the inception and growth of the bank from a forex bureau into an outfit with many branches in Uganda…