Washington, United States | AFP | President Donald Trump once again blasted his hand-picked chief of the US central bank Tuesday, saying he was “not even a little bit happy” with his selection of Jerome Powell. The Federal Reserve chairman has presided over three interest rate increases this year, and …
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Museveni meets Mutebile Behind the scenes efforts to save Kasekende, Mutebile Kampala, Uganda | HAGGAI MATSIKO | What would you say if you saw President Yoweri Museveni and embattled Bank of Uganda Governor Tumusiime Mutebile in a meeting at this time? What if that meeting, which in fact happened last week, …
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Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …
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The lender’s solid asset base, good brand recognition and a good team could stir revenue growth Kampala, Uganda | ISSAC KHISA | Dfcu Bank seem to have come to the end of its short golden run in the first half of this year with double digit drop in its net …
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Bank’s CEO is optimistic that the second half will be better Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank has recorded same net profit in the half year of 2018 as it was last year, underscoring how the industry is struggling to grow in the era of low interest rates and …
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They ought to be cultivating younger people in order to broaden the range of approaches and expertise COMMENT | PAOLA SUBACCHI | The changing of the guard that is taking place at the systemically important central banks in 2018-2019 will mark the beginning of a new era of monetary policy. Who …
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Kampala, Uganda | THE INDEPENDENT | Barclays Bank Uganda has recorded an impressive performance for the year ended Dec 2017, with a 30% growth in net profit to Shs72bn amidst a surge in the Non-Performing Loans. The financial results released on April 16 shows that the growth in profits was driven …
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Kampala, Uganda | JULIUS BUSINGE | In a bid to offer a wide range of products to its clientele, Opportunity Bank, which is currently categorized under a tier II category of banks, is engaging the regulator, the Bank of Uganda (BoU) on elevating its status to tier I to serve …
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Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1% growth in February down from 52% in the previous year, signaling a moderate improvement in business conditions in the private sector. Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East Africa at Stanbic said, “business conditions …
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The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …
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