The Minister of State in charge of Industry at the Ministry of Trade, Industry and Cooperatives, David Bahati, has asked commercial institutions to establish innovative financing solutions for manufacturing sector, in a bid to boost its growth. This, he said while officiating the Uganda Manufacturers Association (UMA) 2nd Financial Symposium at Lugogo on 10th June…
By Saul Sseremba Imagine being in a room filled with people, all gathered for a shared purpose. You are not there just because of your title but because they trust you to give direction and inspire them toward a desired future. That is the essence of leadership; inspiring others, creating real change, and making lasting…
By Dean Hack, Director for Coverage, Resources & Energy, Absa Securities United Kingdom, and Chetan Jeeva, Head of SA Corporate Lending at Absa CIB The world is rewriting its rulebook. It’s no longer just about what you produce but how you produce it. For resource-rich regions like Africa, the implications are profound: the value of…
Uganda has maintained its fourth-place ranking in the Absa Africa Financial Markets Index (AFMI), a position it has held for the past year. However, the country’s score has shown significant improvement since 2017, reflecting its progress in developing its financial markets. According to the index, Uganda’s score has increased to 63, driven by its strong…
Standard Chartered Group has announced plans to divest its Wealth and Retail Banking operations in Uganda, a move that extends to its markets in Botswana and Zambia. The Wealth and Retail Banking division includes both personal and corporate accounts. Retail operations focus on standard banking services, such as opening savings and current accounts, as well…
What can be so new and surprising from two such well-established organisations, the European Union (EU) and the Uganda Coffee Development Authority (UCDA)? In short, the Matching Grant Scheme (MGS) is being implemented as one of the activities under Result 2 of the Coffee and Cocoa Value Chain Development Project (CoCoDev). And again, you might ask, what…
These are the anchors that will propel Uganda to a US$500 billion economy in the next one-and-a-half decades,” said Kasaija. Kasaija was delivering the budget speech during a plenary sitting of Parliament presided over by Speaker, Anita Among, at Kololo Ceremonial grounds on Thursday, 13 June 2024. Kasaija explained that to achieve a US$500 billion…
Uganda Breweries was crowned the Overall Winner of the 2024 Corporate Governance Awards and the winner in the Large Private Sector Entity category during an event that was held at Sheraton recently. The awards in their third edition were organised by the Institute of Corporate Governance of Uganda (ICGU). The Institute of Corporate Governance Awards…
20 September 2023, Uganda, Kampala – Standard Chartered recently announced the rollout ofenhanced global parental leave benefits that will also benefit its employees in Uganda, effective 1September 2023. The Bank will standardise the amount of parental leave it offers, providingparents the option of undertaking more equitable caregiving responsibilities for their children. With the enhanced benefits,…
