By Patrick Kagenda The Uganda shilling has come under tremendous upward pressure rising above the Ushs 2530 to the dollar from the strong trading level of Ushs 2460 to the dollar in a single trading session propelled by the passing of the anti gay legislation. At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, “traditionally, grants and concessional loans are an important source of government financing. Following the 2012, OPM financial challenges, donors re-aligned their aid strategy and began providing direct project grants and loans and reduced budget support grants.
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By Silvia Nyambura Without proper evaluation of the youth capital venture fund, government unveils yet another massive youth scheme: In its efforts to fight youth unemployment, in early 2012 the Ugandan government in partnership with DFCU bank, Stanbic and Centenary bank unveiled a venture capital initiative aimed at empowering youth between 18 and 35 years of age to fund their start up businesses as well as grow existing ones. Of the Ushs 25 billion allocated, Ushs 7.16 billion was given to Centenary bank while the rest was presumably disbursed to the other two banks (the two banks couldn’t confirm the amount they received). Centenary bank which seems…
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By Taddewo Senyonyi After successfully integrating Warid customers into the Airtel family, Airtel Uganda has relaunched a bigger and better brand, with a new thematic promise, dubbed: “Together we can
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By Silvia Nyambura The last 2 years are perhaps the most difficult economic times, Uganda has experienced in a long time, but now experts predict 2014 is heavily billed as the year of full recovery. Most recent predictions in the 3rd quarter of 2013/2014, projected the Ugandan economy would grow at an average rate of 6 percent in 2014 characterised by a single digit inflation, a stable and stronger shilling as well as increased domestic multi billion shilling investments in energy, transport, oil and gas infrastructure. Now a freshly released report by regional asset management firm PineBridge Investments on January…
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By Patrick Kagenda An International Alert (Uganda) commissioned report on the impact of South Sudan on Uganda`s economy titled, “South Sudan-Uganda investment & Trade relations: Preliminary Findings & Recommendations
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By Our Reporter The Insurance Institute of Uganda (IIU) is this year celebrating 50 years of its existence and is scheduled to host its first international conference slated for February 28, 2014, themed ‘Insurance, The Rise of a New Dawn – Managing Emerging Risks in a developing economy. Our reporter talked to the Chairman, Governing Council Insurance Institute of Uganda, Mr.Geoffrey T. Kihuguru about IIU’s role in Uganda’s insurance sector over the past 50 years, future plans and the general outlook of Uganda’s insurance sector. Below are excerpts: The Insurance Institute of Uganda is this year marking 50 years of…
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Silvia Nyambura Uganda Breweries Limited a subsidiary of the EABL of the Diageo group has recorded a 17 percent growth in revenues to emerge the best performing subsidiary market for East Africa Breweries Limited (EABL) in the region. This was announced in the company’s half-year results for the six months ended December 31, 2013. EABL group Managing Director Charles Ireland who announced the results at an investor briefing in Nairobi on February 14, 2014, attributed UBL’s performance to pricing interventions, the bell campaign, improved mix into premium beers, strong performance on Waragi gin as well as a successful launch of…
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By Taddewo Senyonyi In a bid to remain competitive and to satisfy its customer needs in Uganda, DELL Computers has announced the availability of ProSupport, its leading support service that will see its customers access Dell technical support capabilities, Dell spare parts network and Dell certified field engineers in Uganda. Announcing the launch of the ProSupport service at a function held at the Kampala Sheraton hotel, Bradford McKenzie, the Dell Head of Services Africa said the launch comes from the significant transformation that Dell has completed through the advancement of support and technical expertise with around the clock telephone diagnosis,…
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By Patrick Kagenda The Uganda Shilling is forecast to strengthen further against the US Dollar in the coming week, helped by inflows from NGOs and from offshore investors participating in debt auctions. Stanchart bank financial markets department quoting the weekly close of trading ended Friday February 14, 2014,said commercial banks quoted the currency rate at Ushs 2,463/2,468 to the dollar stronger than last week’s close of Ushs 2,468/2,473. At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, the shilling traded sideways in a market characterized by low market activity. Kaboyo said, “ mid week some demand emerged as…
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