George Mangula
-
Finance & Banking
Standard Chartered Bank Uganda gets new boss
KAMPALA– Standard Chartered Bank Uganda has received a new Chief Executive Officer, the bank announced on Wednesday. “We are pleased to announce the appointment of Mr. Sanjay Rughani as the Chief Executive…
Read More » -
Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
Read More » -
Development
UDB’s Shs 2.45trn helped anchor Uganda’s growth in 2021-report
KAMPALA– Uganda Development Bank [ UDB ], the country’s national development finance institution days ago released its 2021 Direct Impact [DI] Report highlighting the fundamental role that the Bank continues to play toward…
Read More » -
News
Govt to ready EACOP license in three months after receipt of application
KAMPALA– The East African Crude Oil Pipeline Company [ EACOP ] Limited, the firm spearheading the development of Uganda’s crude oil export pipeline, has presented its application to government for a construction…
Read More » -
Development
Global coffee exports rise 10.7 percent
KAMPALA– Global exports of green coffee beans totalled 9.75 million bags in May 2022, up from 8.8 mln bags in the same month of 2021, the International Coffee Organisation [ICO] said in…
Read More » -
Development
BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
Read More » -
Development
ACME announces change at the top
KAMPALA- The African Centre for Media Excellence [ ACME ] has recruited a new executive director to replace aDr Peter G. Mwesige who is stepping down after more than a decade of…
Read More » -
Development
EC calls for unity after Omoro County by-election
OMORO– The Electoral Commission [EC] has urged all the candidates and their supporters in the recently concluded Omoro County by-election to reconcile, unite and work to develop their area. Speaking Thursday evening…
Read More » -
News
KCB suffers 58.3 percent fall in gross profit
KAMPALA– Kenya Commercial Bank [KCB] Uganda saw its gross profit plummet by 58.3 percent in 2021 to about Shs 12.3 billion from about Shs 19 bln recouped in 2020, its financial statements…
Read More » -
News
Post Bank posts 15.8 percent growth in gross profit
KAMPALA – As Post Bank continues to celebrate the milestone of getting a Tier One License from Bank of Uganda [BoU] to operate as a fully-fledged commercial bank, latest financial statistics show the…
Read More »