Business

    DFCU DEAL: Taxpayer stands to lose Shs300bn  Kampala, Uganda | HAGGAI MATSIKO | When Juma Kisaame; the Managing Director of DFCU Bank, looks at its latest financial results, he might have reason to smile and to worry. The bank’s latest financial results have excited shareholders but are also …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda plans to use the next 10 years to focus on expanding its data network and mobile money services, according to its CEO, Wim Vanhelleputte. Vanhelleputte, who spoke shortly after a public hearing on renewal of its operating license at the Uganda Communications Commission …

Dubai, United Arab Emirates | AFP | Dubai is splashing tens of billions of dollars on infrastructure and hospitality projects related to the international trade fair Expo 2020, Dubai-based BNC Network said in a report published Sunday. The value of Expo-related projects underway hit $42.5 billion in March, according to …

Kampala, Uganda | THE INDEPENDENT | Over 200,000 customers are expected to win cash worth Shs108 million and other prizes in the ongoing 12- weeks promotion as part of this year’s World Cup taking place in Russia. Dubbed ‘Samba Ne Coca-Cola’, Coca-Cola has partnered with World Cup official broadcaster Multichoice and …

  Kampala, Uganda | THE INDEPENDENT | On March 29, MTN Foundation handed over scholastic materials including books, pens and bags as well as unveiled a one-year feeding program for Summit View Army Primary School, Kololo. The school has a population of 500, with pupils coming from the slum areas of …

Kampala, Uganda | JULIUS BUSINGE | Government is working on a strategy to curtail accumulation of domestic arrears, according to Kenneth Mugambe, the director for budget at the Ministry of Finance Planning and Economic Development. Mugambe, who was responding to budget related questions from Civil Society Budget Advocacy Group (CSBAG) at …

Kampala, Uganda | THE INDEPENDENT | Uber, the US-based mobile app-based taxi service, has taken on SafeBoda with the rollout of a new platform that will connect passengers and local motorcycle riders, popularly known as Boda-Bodas, for a travel. Aaron Tindiseega, the Country Manager for Uber in Uganda, said the introduction …

It has lent out US$3.4bn and employed 2500 permanent staff Kampala, Uganda | JULIUS BUSINGE | Commercial Banks all over the world are portrayed as profit oriented and only work with customers they think have firm foundations to meet credit obligations. But the Standard Chartered Bank’s recently released independent study …

Abuja, Nigeria | AFP | The Nigerian central bank’s Monetary Policy Committee will hold its first meeting this year on Wednesday after a political standoff between the executive and the senate prevented a quorum for months. Experts predict that the committee will hold rates at a record high of 14 …

The initiative is to settle disputes cheaply, quickly and fairly Kampala, Uganda | JOSEPH BAHINGWIRE | Court cases in Uganda involving clients and commercial banks tend to take many years to be resolved but this will soon change as banks in collaboration with the Uganda Law Society and commercial courts …