Standard Chartered’s financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
Insurance company Aon plc’s director Neil Genders said the bulk of risks involved are “high and scary” but the prospects are lucrative.
The ministry of Energy has listed 114 pump fuel stations, out of the retail network of over 2,000 stations across the country, for selling smuggled fuel
Economic growth is rebounding in sub-Saharan Africa with the region’s GDP projected to expand at the fastest rate since 2015, according to the World Bank
African leaders continue to disregard their countries’ own constitutions and laws governing presidential tenure. The Democratic Republic of Congo’s Joseph Kabila, Uganda’s Museveni, and Congo’s Nguesso have all refused to go after decades in power
Barclays Bank of Uganda Limited has reported a rebound in after-tax profit growth following a slight dip in 2016
From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
Bank lending to the private sector grew at a relatively restrained pace in February, even as the central bank cut its policy rate to its lowest level ever with the hope that loan approvals will increase, boosting economic growth
For the foreseeable future, Africa’s engagement with China will be shaped by Xi’s vision. This makes it important to unpack exactly what that vision is
Stanbic Bank was recognised by the central bank as the best performing bank in Uganda government securities in 2017. This makes the bank the winner for the sixth consecutive year