News & Analysis

Struggling Top Finance Bank sold to Djibouti’s Salaam African Bank

CEO East Africa MagazineNews & AnalysisThe Big StoryAugust 8, 2022August 8, 2022

A Djibouti-based bank, Salaam African Bank (SAB) has acquired Uganda’s Top Finance Bank Limited (TFB). Bank of Uganda (BoU), the financial sector regulator announced the acquisition today on Monday 8th…

From Intention to Outcome: Assessing Government of Uganda’s Investment in a Just Post COVID-19 Recovery

CEO ReporterNews & AnalysisAugust 6, 2022August 8, 2022

By Benard Mujuni The COVID-19 pandemic that has had a devastating impact globally has not spared Uganda’s economy. The Ministry of Gender Labour and Social Development has seen an increase…

Half-Year Financial Results: BAT Uganda records 12% gross revenue increment

Nelson NambooleCompany NewsNews & AnalysisAugust 6, 2022August 6, 2022

British American Tobacco Uganda Limited (BAT Uganda) has announced the unaudited financial results for the six months ended 30 June 2022 registering positive performance. Nicholas Ecimu – the Company Secretary…

EFC Uganda seals UGX8 billion financing deal for small enterprises

CEO ReporterNews & AnalysisAugust 6, 2022August 6, 2022

EFC Uganda Limited (MDI) has sealed a financing deal worth UGX 8 billion with Oiko Credit Uganda. These funds are planned to go towards the financing of Small and Medium…

Knight Frank Appointed to Manage Aponye Complex, a New Mixed-Use Development in Ntinda, Kampala

CEO ReporterNews & AnalysisAugust 5, 2022August 5, 2022

Property consultancy firm, Knight Frank, has been appointed by Aponye (U) Ltd, to manage Aponye Complex, a newly completed mixed-use development in the heart of Ntinda, Kampala.The Aponye Complex, a…

Members of Parliament Cite Inconsistencies in Bujagali Ownership

CEO ReporterNews & AnalysisAugust 5, 2022August 5, 2022

Members of Parliament on the Ad hoc Committee on Bujagali Hydropower Project have discovered what they described as inconsistencies in the ownership and registration of Bujagali Electricity Company Limited. The…

July 29 – August 5, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterBanking & Financial ServicesNews & AnalysisAugust 5, 2022August 5, 2022

The shilling was in a risk off trade as foreign institutional investors continued to reduce their exposure to riskier assets. The currency tested the 3900 level and later retreated to…

When BBC Africa Daily’s podcast producers shared nuances of the trade with Uganda’s podcasters 

CEO East Africa MagazineNews & AnalysisAugust 5, 2022August 5, 2022

The Podcast Community of Uganda recently held the very first Podcast Masterclass in collaboration with Africa Daily’s Podcast Production team Richard Moran, Janet Ball, and Ria Khatab led by Uganda’s export to the…

PostBank launches 60 smart ATMs to drive financial inclusion

CEO ReporterCompany NewsNews & AnalysisAugust 5, 2022August 7, 2022

PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods, has launched its new smart ATMs in a bid to get more Ugandans financially included through…

Absa Bank donates UGX60m towards disaster response capacities for families affected by floods in Eastern Uganda

CEO ReporterCompany NewsNews & AnalysisAugust 5, 2022August 5, 2022

Absa Bank Uganda yesterday announced a donation worth UGX60 million to the Uganda Red Cross Society to cater for the purchase of shelter kits to provide temporary shelter and basic…