Dr. Louis Kasekende, the Bank of Uganda Deputy Governor whose contract has a few days to expire has spoken out for the first time, saying that he is serving his contract to its end and any decision after that is up to the appointing authority. Speculation has been rife in the media on when and whether his contract will be renewed or not, citing his being mentioned during the Parliamentary Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) probe on the closure of 7 banks. Although Dr. Louis Kasekende’s name was never mentioned directly in…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
In his New Year’s address, President Yoweri Kaguta Museveni has vowed to deal with rising crime which he says is abetted by corruption and laxity of the Uganda Police. He also lashed out at Ugandans who disrespect the environment by encroaching on swamps, invading the natural high-rise forests or settling on Mountain –slopes steeper than 32o saying the act constituted self and national suicide. The President also reiterated the importance of commercial production and value addition instead of subsistence farming and trade in raw materials, saying an export-led growth holds the key to improved incomes and national economic growth. He also sabre-rattled about his war on corruption and protection of land rights of the legal and bonafide land owners.
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank of Uganda’s Financial Stability Report, June 2019. According to the report, as at end June 2019, the banking sector, continued to flourish with commercial banks accounting for 95.2 percent (UGX30.3 trillion) of the banking sector’s total assets of UGX.31.8 trillion. This was followed by the Microfinance Deposit-taking Institutions (MDIs)…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Ugandan banker, Anne Juuko is said to be the most likely next Chief Executive Officer for Stanbic Bank, Uganda’s largest bank- according to information corroborated with several industry sources. Juuko, reportedly beat Sam Mwogeza the bank’s current CFO and Kevin Wingfield, the Executive Director and Head Personal and Business Banking, to one of the most coveted and well-paying jobs in corporate Uganda. If she indeed does ascend to the role, she will probably be the youngest Stanbic Uganda CEO, the first female and the second Ugandan to head the Stanbic, since South Africa’s Standard Bank acquired a controlling stake in…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
In the news this week, Broll Uganda one of the latest entrants into the property market, takes over management of UNHCC’s Crested Towers building and Raxio Data Centre says construction of their hitech facility in Namanve is 70% complete and oncourse for launch, come January 2020. Also in the news, Jubilee Insurance launches a women’s knowledge sharing platform.
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
A few days ago, a photo of billionaire (in dollars) Dr. Sudhir Ruparelia almost broke the internet- for the rarest of reasons; his fashion sense. While officially inaugurating his latest $10 million, 12-storey Electrical Plaza on Market Street and Kiyembe Lane in the busy downtown Kampala, the 63-year old businessman took social media by storm. ALSO READ: EXCLUSIVE PICTORIAL; Sneak peek into Dr. Sudhir Ruparelia’s wardrobe https://www.ceo.co.ug/exclusive-pictorial-sneak-peek-into-dr-sudhir-ruparelias-wardrobe/ Clad in all white- spotting skinny white ripped jeans, slightly folded at the hems and matching white shoes and milk-white cotton short sleeved shirt and a diamond stud in one of the ears,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Total Uganda, in 2018 sold products worth UGX1.3 trillion, thanks to an expansion exercise that saw the company close the year with 155 petrol stations. Total, retails motor and jet…
In what is perhaps Bank of Uganda’s first response to parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) report that implicated the central Bank and several of its…
A team of young friends of the first son, General Muhoozi Kainerugaba on April 25th threw him a befitting birthday fete at Speke Resort Munyonyo. Lieutenant General Muhoozi Kainerugaba who…
The European Union on 20th March 2019, threatened to ban all pepper imports from Uganda, unless Uganda’s Ministry of Agriculture demonstrated that they had taken sufficient measures to bring “under…
