George Mangula
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Finance & Banking
AfDB commits over Shs 1.1trn to renovate Kampala-Malaba railway line
KAMPALA-The African Development Bank [AfDB] Group is providing US$ 301 million [1.1 trillion] to overhaul the Kampala-Malaba Meter Gauge Railway [MGR] in Uganda. The railway line is part of the East African…
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News
Uhuru CEO shines at continental conference
Cooperatives and social solidarity enterprises in Africa and elsewhere have unique values to add to the global economy and must be allowed space to shine and make their contribution, Uhuru Chief Executive…
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Energy & Mining
Centenary Bank to acquire Malawian lender
KAMPALA-Centenary Rural Development Group, the mother company of Centenary Bank Uganda, has teamed up with the Catholic Archdiocese of Lilongwe so they can acquire a 100 percent shareholding in Malawi’s MyBucks Banking…
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Finance & Banking
BoU CBR spiked to 10 percent as inflation rises again
KAMPALA-The Bank of Uganda [ BoU ] has in the Monetary Policy Statement [MPS] for October 2022, raised the Central Bank Rate [CBR] to 10 percent from 9 percent previously. That followed…
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Finance & Banking
Housing Finance Bank Uganda eases trading as it unveils gov’t securities portal
KAMPALA-Housing Finance Bank Uganda has launched the government securities portal for customers who invest in treasury bonds and bills to help government raise funds for its development activities. In 2020, the Bank…
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News
Local coffee exporter KDS now wants youth as industry game-changers
Kampala Domestic Stores Limited (KDS), one of Uganda’s largest indigenous coffee exporters, said they want to skill youth within central Uganda and get them involved in the coffee value chain as a…
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International
Co-op Party conference slated for October after two years
LONDON-The Co-operative Party will hold its 2022 annual conference at the Queens Hotel in Leeds, the UK on October 8-9, 2022. Themed From crisis to co-operation, the event is the organisation’s first…
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International
Potential candidates named to replace Shell’s outgoing CEO
LONDON-Four candidates have been shortlisted to succeed its Shell’s outgoing CEO, Ben van Beurden, who will step down next year after being at the helm of the powerful energy company, according to…
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News
MPs call for more money to fund road maintenance in districts
KAMPALA-Members of Parliament are not happy with the delay by government to release money to the Road Fund for the maintenance of roads in various districts of Uganda. MPs were concerned that…
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Finance & Banking
Standard Chartered hosts business executives as it unveils new corporate platform
KAMPALA– Standard Chartered Bank Uganda days ago held a thought leadership event to discuss business immersion in Sustainable Trade Finance for over 100 corporate and SME business leaders at Sheraton Kampala Hotel.…
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