Financial
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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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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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Emyooga fund defaulters to face arrest
FORT PORTAL: The State Minister for Finance Planning and Economic Development in charge of microfinance, Haruna Kasoro Kyeyune has given Emyooga fund defaulters one month to clear their debts or face arrest.…
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Uganda Prisons SACCO loan book rise 31% in 2021
KAMPALA – Uganda Prisons Service (UPS) Savings and Credit Cooperative Society [SACCO] saw a growth in loans to members in 2021 as they rose by 31% to Shs 7.3 billion from Shs…
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How a minister’s directive to lay off parish chiefs could haunt local governments
GULU – The Minister of Local Government, Raphael Mugyezi, has directed the Chief Administrative Officers [CAOs] in Northern Uganda to scrutinise the academic papers of all the parish chiefs and ensure that those…
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Co-op insurers beat their local markets for growth- ICMIF report
LONDON – Co-op insurers around the world have been bucking local trends for market growth over the last financial year, according to figures from the International Cooperative and Mutual Insurance Federation (ICMIF).…
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Ugandans roast PS Ggoobi on Twitter over controversial coffee deal
MBALE – On April 15, 2022, at 9: 06 am, Finance ministry Permanent Secretary [PS] /Secretary to the Treasury, Ramathan Ggoobi, in a lengthy explanation, twitted, “Dear Ugandans, I am minded to…
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Masindi Emyooga SACCO leaders trained on financial literacy, mindset change
MASINDI – The Microfinance Support Centre [MSC], a government agency responsible for Emyooga programme has trained Masindi district Emyooga SACCO leaders on financial literacy and mindset change. The leaders were also trained…
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Kaberamaido youth abandon tractor over Shs 5m debt
KABERAMAIDO-Kaberamaido youth have abandoned a tractor in the hands of a mechanic after failing to clear a bill of about Shs 5.4 million. The tractor Reg. No. UAW 096V was donated to…
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