financial sector
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News
East Asia and Pacific to sustain growth amid global headwinds, says World Bank
WASHINGTON, April 2, 2024 — Developing East Asia and Pacific is growing faster than the rest of the world but slower than it was before the pandemic, the World Bank said on…
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East Africa
KUSSCO wants money owed by defunct councils remitted
NAIROBI –Kenya Union of Savings and Credit Cooperatives Limited [ KUSSCO ] wants the defunct municipal councils which were succeeded by the county governments and state-owned entities to pay back the defaulted…
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Finance & Banking
World Savings Day: BoU boss urges Ugandans to save for the future
KAMPALA-As countries celebrate World Savings Day which falls on October 31 every year, the Bank of Uganda [BoU] Deputy Governor, Michael Atingi-Ego has urged Ugandans to start saving now, saying savings help…
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News
BoU urges WorldRemit clients to submit claims
KAMPALA– The Bank of Uganda [BoU] on Monday asked WorldRemit customers to submit to it the outstanding claims of monies given for remittance purposes to WorldRemit Money Transfer [U] Limited by July…
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News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
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