George Mangula
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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…
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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…
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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…
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News
2022/2023 budget: MPs decline to approve UWRSA’s Shs 10.5b to revamp storage facilities
KAMPALA – MPs on parliament’s Committee on Tourism Trade and Industry, have declined to approve Shs 10.5 billion requested by Uganda Ware House Receipt System Authority [UWRSA] to refurbish storage facilities, saying…
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News
UNBS accreditation to offer ISO certification renewed
KAMPALA – The Uganda National Bureau of Standards (UNBS’) accreditation to provide International Organisation for Standardisation (ISO) Management Systems Certification has been renewed by the South African National Accreditation System (SANAS), according…
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Cooperatives & Communities
FAO, dairy agency partner to boost Uganda’s dairy sector
KAMPALA – The Food and Agriculture Organisation of the United Nations (FAO) and Dairy Development Authority (DDA) alongside other key stakeholders have concluded a round of regional and national policy dialogues aimed at…
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News
UCL sees rise in revenue, shareholders to be paid dividend
KAMPALA – Uganda Clays Limited (UCL), known for making quality baked clay building products, has reported an increase for the year ended December 31, 2021, as it collected Shs 36.7 billion, which…
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Development
USAID to fund agriculture co-operatives in Uganda
KAMPALA– Some of the agriculture co-operatives in Uganda will be able to access cheap loans enabled by United States Agency for International Development [USAID] / Uganda Strategic Investment Activity (SIA), with co-operators…
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News
BoU keeps CBR at 6.5 percent in April
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate [CBR] at 6.5 percent for the month of April 2022, as the economy continues to recover from the Covid-19…
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Finance & Banking
Absa Bank Uganda profit after tax up by 169%
KAMPALA – Absa Bank Uganda had favourable business outcomes in the year 2021, despite covid-19 pandemic that hit the country. The bank on Tuesday announced a sharp profit after tax increment of…
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