Profile: Mathias Katamba, chief executive of Dfcu Bank
Mathias Katamba was named as the chief executive designate of Dfcu Bank on 31 October and took over from Juma Kisaame, who had led the bank for over 11 years, in January 2019
Uganda Business News
Bank of Uganda postpones monetary policy meeting to Monday [Update]
The Bank of Uganda has called off its monetary policy committee meeting which was scheduled for Friday and said it will communicate a new date “soon”
Dfcu profit rebounds as revenues recover
Dfcu Bank has reported a large rebound in profitability helped by strong growth in fees and commissions income, with the company’s results boosted further by a drop in operating expenses
GDP growth in last quarter of 2019 slows on lower mining output
Economic growth in Uganda slowed down in the last three months of 2019 amid a decline in mining and quarrying output, according to seasonally adjusted estimates from the Uganda Bureau of Statistics
Core inflation slips to 6-month low in March
Consumer prices rose at a more modest pace in March compared to February as core inflation slowed to its weakest pace in six months, according to figures from the Uganda Bureau of Statistics
Businesses to shut down as Museveni announces lockdown
President Yoweri Museveni announced lockdown measures on Monday, telling all shopping malls, non-food shops, salons, and guesthouses to close for 14 days, and stopping all people to people travel
Museveni replaces Doris Akol as URA head, appoints new BoU deputy governor
President Yoweri Museveni has replaced the head of the Uganda Revenue Authority, two years into her second term, and also appointed a new deputy governor for the Bank of Uganda to replace Louis Kasekende whose contract expired in January
Stanbic Bank earnings rise on robust trading gains
Stanbic Bank Uganda reported its strongest annual profitability in three years, boosted by a continued rebound in interest income and a large rise in gains from trading securities
Government suspends public transport as coronavirus cases rise to 14
Uganda’s government said on Wednesday that it is banning public transport for two weeks in a further tightening of measures aimed at preventing the spread of the novel coronavirus. Earlier, the ministry of health announced that infections of the Covid-19 coronavirus had risen to 14
Umeme posts record revenue growth in 2019
Umeme Limited said on Monday that revised tariff performance parameters negotiated with the regulator helped soften the impact of weak performances in the second and third quarters of 2019, with the company’s results boosted further by reining in costs