Activity in the private sector in April was unchanged from a month ago when a new survey of purchasing managers found that business conditions had improved from the previous period.
The website’s monthly visitors in 2016 increased to 200,000, a 12% rise from 2015. Most visitors – 80% – access the site through mobile phones, and 69% of them go on to place an order.
An increase in the expenses set aside for bad loans and customer defaults saw total expenses rise faster than revenue at Barclays Bank last year, leading to a slight decline in after-tax profits.
Mary Hill High School from Western Uganda emerged victorious in the Stanbic Bank National Schools championships, following highly competitive finals held in Kampala featuring the other three regional competitors; Kibuli SS from Central region, Sacred Heart Girls school from Northern region and Teso College Aloet from Eastern region.
Inflation rose 6.8% year on year in April from 6.4% in March, according to figures from the Uganda Bureau of Statistics.
NC Bank Uganda, a subsidiary of Kenya’s NIC Bank Group, saw its after-tax profits drop 34.95% in 2016 on the back of rising expenses, results released on Wednesday show.
Business activity picked up in March, with the index coming in at 53.5 from 50.9 in February, the purchasing managers’ survey showed. This indicated a further improvement in business conditions in the private sector during the month.
Centenary Bank profits rose 8.18% to Shs109.9bn in 2016, the bank announced on Monday, largely on the back of a rise in interest income on loans and advances.
Coffee exports in March were 409,916 60-kilo bags worth $50.44 million, an increase of 65.12% and 118.62% in volume and value respectively compared to the same period in 2016, figures from the Uganda Coffee Development Authority show.
Joseph Bogera has been appointed the new general manager of GOtv Uganda, replacing Patricia Kiconco, a statement from payTV provider MultiChoice Uganda says.