Forbes Kalule

Here are the most expensive, affordable banks in Uganda, according to BoU

The ventral bank said it is publishing these commercial bank Interest rates and charges to promote transparency and enhance competition in the provision of banking services. Bank of Uganda (BoU) has released

April 5, 2018

by Forbes Kalule

Nine eye NSSF Friends With Benefits big cash prizes

The Friends with Benefits show is an initiative that showcases people who have received their NSSF benefits and used it to transform their lives and even the communities they live in. . Its main objective is to inspire millions of

March 21, 2018

by Forbes Kalule

Interpol airlifts SK Mbuga to Sweden over Shs23bn fraud

Sulaiman Mbuga is in custody of Swedish prosecutors after he was arrested and airlifted to the

NMS asks court to stop Muhakanizi from meddling in cancer institute management

Dragged to court in 2017, through its Lawyers Peter Kawuma of K and K Company Advocates,

Uganda's President Yoweri Museveni. Courtesy photo

EC asks Parliament for Shs260bn for referendum on presidential term extension

In December last year, Parliament voted on a controversial constitutional amendment that would see the presidential age limit lifted and length of a presidential tenure extended. Although the ruling NRM party took

April 17, 2018

The Big Story

Barclays Bank hopes the appeals court will overturn a lower court's decision that cost it billions of shillings in a bad loan.

Barclays posts Shs72bn net profit as default hits Shs106bn

The bank’s total revenue increased by 11% to UGX258bn in 2017, up from UGX233 billion in 2016. Total income increased to UGX304.4 billion in 2017, up from UGX272 billion in 2016. Barclays

April 17, 2018

Company News·The Big Story

Flydubai makes bold comeback with Entebbe-Kinshasa direct flights

The Kinshasa service is a bold comeback for the carrier that in February 2016 was forced to withdraw from three routes – Bujumbura, Kigali and Kilimanjaro, just fifteen months after their introduction.

April 16, 2018

Company News

MTN pays Shs20bn to UCC’s development fund

ICT minister Frank Tumwebaze said everyone should be able to exploit the opportunities that arise within the ICT sector irrespective of their location, physical inability, age, gender, level of literacy, technology literacy,

April 16, 2018

Company News

Stanbic is Best Performing Bank in govt securities

Launched in 2005, the Primary Dealer (PD) system aims to promote participation in Uganda Government securities markets, to foster the development of financial markets, to improve the secondary market trading system as

April 12, 2018

Company News

Loan defaulter moves to sue Barclays for Shs1.7bn over published photo

Last week, seasoned lawyer Fred Muwema warned banks that their fascination with publishing images and other data about clients who fail to meet their loan obligations was not only wrong but also

April 11, 2018

Legal & Justice

Emmanuel Tumusiime Mutebile, BoU Governor.

No change in central bank rate at 9%

Mutebile said there has been growth in all major sectors. Agriculture grew by 6.1% in 2017 from a decline of -0.4% in 2016, the service sector grew by 8.1% from 4.5pc while

April 11, 2018

The Big Story

Uganda signs Shs16 trillion oil refinery development deal with AGRC Consortium

The signing of the PFA means pre-Final Investment Decision (FID) activities like Front End Engineering and Design (FEED), Project Capital and Investment Costs Estimation (PCE), Environmental and Social Impact Assessments (ESIA) can

April 10, 2018

The Big Story

Dr Kasekende, it is too early to dance on Crane Bank’s grave

On April 06th 2-18, Bank of Uganda Governor, Dr Louis Kasekende, spoke out, for the first time in a long time about the sale, by Bank of Uganda of Crane Bank to

April 10, 2018

Company News·The Big Story·Thought Leadership

Govt moots new tax on mobile money, smartphones and import of cars older than eight

Clause 14B of the Bill prepared by Eng. Monica Azuba Ntege, the minister of works and transport, adds that a person who imports a motor vehicle which is five years old or

April 9, 2018

The Big Story

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