Profit
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Cooperatives & Communities
Cassava shortage hits farmers’ cooperatives in Nebbi district
NEBBI-Five-based rural cassava agro–factories that were established in Nebbi district under the Agriculture Cluster Development program [ACDP] have scaled down their operations due to the scarcity of cassava in the district. The Shs…
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Cooperatives & Communities
Ngora cooperative impacting communities through youth-led fish farming project
NGORA– At the beginning, it seemed like it was an ambitious project for the youth of Ngora District Farmers Multipurpose Cooperative Society as they presented their idea of fish farming during the…
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Development
Credit risk remains high as local banks see 7.1 percent profit growth
KAMPALA-Risks for commercial bank lending in the country remain elevated due to slow credit growth, lingering concerns over asset quality, and high write-offs as banks clean up their loan book of COVID-19…
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News
ACPCU registers over Shs 1bln profit in FY 2021/22
SHEEMA – Ankole Coffee Producers Cooperative Union [ ACPCU ] located in Kabwohe Town Council, Sheema Municipality earned a profit of Shs 1.15 billion in the financial year [FY] 2021/22 compared to…
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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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News
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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News
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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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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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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Cooperatives & Communities
AGM: Bushenyi SACCOs continue to perform well despite Covid-19 huddles
BUSHENYI – Whereas most financial institutions are grappling to recover from Covid-19 pandemic, Kyamuhunga Peoples’ SACCO (KYAPS) in Bushenyi district is in the limelight for recording tremendous success during the financial year…
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