Silvia Nyambura Safeway Rightway Uganda Chapter a nonprofit organization comprised of several players in the private sector and registered under the ministry of internal affairs has invested US$ 300,000 in the first phase of a 3 year road safety initiative on the Northern corridor. The investment which became effective February 3, 2014, has already seen the organization partner with the Uganda police to train them in the use of laser witness speed guns under an enforcement program which is leaning on sensitization more than the traditional enforcement of road safety rules. The laser guns which will be placed in identified…
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By Mark Muhumuza A spillover from 2012 is continuing to affect the performance of Uganda’s largest bank, Stanbic, after it posted a 1.7 percent decline in net profits in the first six months of 2013. The profitability declined to Ushs 57.3bn from UShs 58.3bn during the same period in 2012. In 2012, the bank lost ground as Uganda’s most profitable bank due to reduced income, a rise in bad debts and write offs , and lower loan uptake. In the first half of 2013, the problems for the bank have persisted as it realized a 27.6 percent decline in interest income to Ushs 137bn, which was…
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