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Ugandan billionaire businessman and philanthropist Dr. Sudhir Ruparelia will return as a keynote speaker at the 15th UK–Africa Business Summit, scheduled for Friday, 12th September 2025, at the iconic Royal…
PostBank Uganda emerged as the overall best-performing Tier 1 Bank recognised by the Bank of Uganda at the Award Ceremony for Participating Financial Institutions in the Agricultural Credit Facility (ACF)…
Homegrown leaders are reshaping Uganda’s financial sector—one institution at a time. Fabian Kasi, Annet Nakawunde, and Veronicah Namagembe have each led their banks for over a decade, driving remarkable growth,…
Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…
By Brenda Mpoora Saving and Credit Cooperative Societies (SACCOs) are making a tremendous contribution in promoting a savings culture and driving financial inclusion to the last mile user in Uganda. A closer look at the 2023 FinScope report shows SACCOs had the highest growth of uptake in formal financial services from 5 percent to 14 percent. Since 2018, SACCOs grew much more in adoption against all financial services, with the proportion of Ugandans utilizing them for savings and credit more than doubling. Beyond the uptake, SACCOs have numerous needs ranging from technology, digital infrastructure, compliance and capital to scale. With…
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By William Kayongo Small and medium-sized enterprises (SMEs) are the backbone of Uganda’s economy, contributing significantly to job creation, innovation, and economic growth. According to the Uganda Investment Authority, SMEs account for about 90% of the private sector, employ more than 2.5 million people, and produce over 80% of Uganda’s manufacturing output. Despite their pivotal role, SMEs often face a range of challenges, including limited access to finance, lack of adequate infrastructure, and minimal access to markets. Financing, in particular, remains a critical hurdle, with many SMEs struggling to secure the funds they need to grow, expand, or even sustain…
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As dfcu Bank celebrates 60 years of transforming lives and businesses in Uganda, the Bank’s commitment to creating a positive impact remains unwavering. dfcu recently announced its Sector Specialisation strategy, aimed at serving the unique needs of their wide client base. One of these is the Bank’s Manufacturing Sector, which works to understand the requirements and meet the requirements of customers across the country. Joan Kaagaza, the Sector Head of Manufacturing at dfcu Bank explains how the bank’s strategies are driving the growth of individuals and companies and contributing to Uganda’s economic transformation. Q1: In what ways does dfcu Bank…
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The Finance Ministry Permanent Secretary and Secretary to the Treasury, Mr Ramathan Ggoobi has outlined budget opportunities in the UGX 72 trillion Budget for the Financial Year 2024/25, urging private sector players to take advantage of them. Mr Ggoobi was delivering a keynote speech during the 2024 Post Budget Dialogue organised by Absa Bank Uganda in collaboration with Deloitte among other partners on June 14th, 2024 at Kampala Serena Hotel. “In the next financial year, we have allocated funds for wealth creation initiatives, commercial agriculture, and value addition; the Parish Development Model brings more people into the money economy. We…
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Startups are the lifeblood of the global economy, driving innovation, creating jobs, and shaping the future of industries. They are the engines of growth and the catalysts for societal transformation. However, the journey of a startup is fraught with challenges and uncertainties. One of the most critical aspects of this journey is the ability to raise and use capital efficiently. Startups always raise funding. This is a fundamental truth in the world of entrepreneurship. The reasons for this are manifold. Firstly, startups need capital to transform their innovative ideas into viable products or services. They need funds to hire talent,…
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