Dfcu Limited and its wholly owned subsidiary, Dfcu Bank, have denied rumours that its two largest shareholders are seeking to sell their stakes in the company, which is listed on the Uganda Securities Exchange
Kenya’s capital, Nairobi, is the second most congested city in the world. To reduce congestion, Nairobi County has proposed car-free Wednesdays and Saturdays in two of the busiest parts of the city
Uganda’s merchandise trade deficit eased to its lowest in four months in May following a fall in government project imports and a bump in outward shipments
Business conditions in the private sector continued improving in June, buttressed by a widening customer base that lifted the demand for goods, according to IHS Markit’s Purchasing Manager’s Index
Lionel Baraban, the co-founder and chief executive of French company Famoco, a leader in Android-based transaction devices, believes African countries are better off adopting blockchain instead of bitcoin and other cryptocurrencies
Activity in Uganda’s real economy in the first three months of 2018 improved at a healthy rate from the same period a year earlier. But the economy lost a little pace as the annual quarterly GDP growth rate recorded its second straight drop
Financial inclusion is low in Uganda because banks find it costly and unprofitable to extend services to rural areas. But even in urban areas, their services are expensive. Mobile money is the only financial service that has bucked those trends
The new measures, which went into effect on Sunday, include a 1% charge on every mobile money transaction and a Shs200 daily levy for the use of social media
The annual inflation rate inched up in June due to an increase in energy, fuel, and utilities prices and the prices of food crops and related items, the Uganda Bureau of Statistics said on Friday
Fifty Cuban doctors recently arrived in Kenya, hired by the government to work in in under-served rural areas. They may not be the ideal solution, but the reasons forwarded against them are not justified