Kampala, Uganda | THE INDEPENDENT | Equity Bank is one of the 25 commercial banks offering financial services in Uganda. The Independent’s Julius Businge spoke to the Bank’s Executive Director, Anthony M. Kituuka on their strategy to deliver good growth in 2019 and beyond. What are your expectations in this New …
Read More »Economy expands in 2018
Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …
Read More »Dfcu gets US$30m for SME
Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …
Read More »UTB moves to fight escalating tourism crime
Kampala, Uganda | JULIUS BUSINGE | The Chief Executive Officer of Uganda Tourism Board, Stephen Asiimwe is engaging all key players in the tourism sector on possible ways to combat tourism crime as the country eyes more earnings from the sector. “We need to be together in this discussion to deal …
Read More »NSSF to focus on stalled projects
Kampala, Uganda | JULIUS BUSINGE | Patrick Byabakama Kaberenge, a seasoned banker and retired auditor has been re-appointed as the 11th Chairman Board of Directors for the National Social Security Fund. His new contract, alongside other nine members runs for the next three years. The Independent’s Julius Businge spoke to him …
Read More »US$5.7bn power sector opportunity
There is an opportunity for private sector players to invest in Uganda’s power sector as government moves to connect more people to the national grid. Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako, the Chief Executive Officer at the Electricity Regulatory Authority has told The Independent on the sidelines of a …
Read More »Care Uganda to fight GBV using online platform twitter
Kampala, Uganda | JULIUS BUSINGE | Care, a humanitarian and development organization hopes to use twitter platform to make a contribution towards the fight against gender based violence in Uganda and beyond. The organisation’s top officials for Uganda told journalists in Kampala on Dec.10 that through the #HearMeTooUG Twitter Town Hall, …
Read More »Women of Uganda demand more on gender based violence
Kampala, Uganda | JULIUS BUSINGE | The Uganda Women’s Network (UWONET) wants government, civil society and other partners to invest more resources in the fight against Gender Based Violence (GBV). They said in a joint press statement issued at their secretariat in Ntinda on Dec.10, that they are deeply concerned that …
Read More »Uganda named as top destination to visit in 2019
Kampala, Uganda | JULIUS BUSINGE | Fodor’s Travel, the internationally-recognized guidebook publisher and travel authority has featured Uganda on its annual Go List as one of the 52 destinations to visit in 2019, according to a press statement issued by Uganda Tourism Board on Dec.10. The Fodor’s website is published out …
Read More »China connects 500 Ugandan villages to satellite TV
Kampala, Uganda | JULIUS BUSINGE | The Chinese government is funding the connection of 500 Ugandan villages to satellite TV in an effort to boost digital coverage and increase access to information. The funding is part of the US$10million project intended to boost access to satellite TV for 10,000 African villages. …
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