Tag Archives: finance

London, United Kingdom | AFP |  The Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said Wednesday, forcing the state-rescued lender into a new capital-raising plan. The BoE, revealing its latest stress tests on Britain’s top seven banks, added …

INTERVIEW: Christopher Musoke is the CEO of Financial Sector Deepening Uganda (FSD). He spoke to the Independent’s Agnes E Nantaba about progress in the financial inclusion in Uganda. What are the key elements in your management style as a manager? My concern is to ensure that as a team we …

With the Crane Bank being placed under Central Bank management and several other commercial banks being asked to recapitalise, the banking sector in Uganda seems to be under a lot of stress lately. What seems to have brought down Crane Bank does not seem to be a Crane Bank problem …

THE LAST WORD: By Andrew M. Mwenda Lesson for Central Bank from the experience of the takeover of Crane Bank This week, the government injected Shs 200 billion into Crane Bank to bolster its liquidity position. This is only 40% of the Shs 500 billion needed to bring the bank …

Uganda: Finance Intern Kampala, Uganda Danish Refugee Council Closing Date : 2016-10-28 Duty Station : Kampala, Uganda Organization: Danish Refugee Council Danish Refugee Council (DRC) is a private, independent humanitarian organisation working to provide durable solutions and promoting human security. Application : Apply for the job Share on: WhatsApp

The Bank of Uganda has with effect from today taken over management of Crane Bank Limited. According to a statement, the action has been taken upon the determination by the Bank of Uganda that Crane Bank Limited is significantly under-capitalised. BOU has appointed a statutory manager, Edward Katimbo Mugwanya,  to …

Johannesburg, South Africa | AFP | Political drama, corruption allegations and even wedding party controversies — the Gupta family, one of South Africa’s wealthiest, has been accused of wielding undue influence behind the scenes. Now the immigrant family is at the centre of a row battering President Jacob Zuma after …

Manchester, United Kingdom | AFP |  English Premier League leaders Manchester City on Tuesday announced record turnover of $480 million and its Abu Dhabi owners said the club has reached a “turning point”. City, who were hit by UEFA sanctions over their finances in 2014, announced a 20 million pound …

The first week of October has not been smooth sailing for the Uganda shilling.  By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …

THE LAST WORD: By Andrew Mwenda Why Museveni has not transformed agricultural Uganda into an industrial economy and what can be done President Yoweri Museveni’s stated objective is to transform Uganda from an agrarian to an industrial nation. He has been in power for 30 years, the period South Korea …