National
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Lira receives Shs1b for PDM SACCOs
LIRA – The Lira district Commercial Officer, Santos Olade has cautioned people planning to mismanage the government’s programme of Parish Development Model [PDM] saying whoever is found will not be spared. He says,…
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Govt needs Shs 47bln to procure road equipment
SOROTI– There was a lot of excitement among members of the public in 2016, when the 10th Parliament under the stewardship of the former speaker Rebecca Alitwala Kadaga, now the First Deputy…
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Centenary Bank on list of nominees for 2022 edition of the African Banker Awards
KAMPALA– The African Banker magazine has announced the shortlist of over 60 nominees for this year’s edition of the African Banker Awards, with Ugandan Centenary Rural Development Bank and Tugende Global nominated…
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Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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UVCCL coffee deal: Investors want to mortgage govt land at Namanve
KAMPALA– Even though President Yoweri Museveni and NRM caucus Members of Parliament [MPs] have agreed to review the controversial coffee export deal signed between the government and Vinci Coffee Company Limited [UVCCL], the…
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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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Finance Trust Bank sees gross profit rise of 61.9 percent in 2021
KAMPALA– Finance Trust Bank has released a summary of financial statements for the year ended December 31, 2021, showing its profit before tax curve going up by 61.9 percent to about Shs 13.6…
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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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Allow the youth to drive Vision 2040, say population and economic experts
NATIONAL – Population, economic experts and civil society activists have warned that for Uganda to harness her demographic dividend and achieve aspirations of attaining upper middle-income status by 2040, the government must…
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