Firms faced stricter lending standards in first three months of 2017
Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
Uganda Business News
South Africans are learning that they’re not that exceptional after all
In the wake of a series of destabilising corruption scandals, financial mismanagement and the incompetent leadership of President Jacob Zuma, South Africa is no longer that exceptional from the rest of Africa
Twelve Uganda-based firms in LSE’s ‘Companies to Inspire Africa’ report
A report by the London Stock Exchange Group on Africa’s most “inspirational and dynamic” small and medium-sized enterprises names 12 Ugandan companies among the 343 nominated companies.
Electricity prices down 1.5% in second quarter
Umeme, the power distributor, will reduce the prices of electricity by 1.5% in the second quarter of 2017, in line with a tariff adjustment by the Electricity Regulatory Authority.
Cipla Quality Chemical Industries to list 31.1% stake in IPO — report
Cipla Quality Chemical Industries Limited, the drugmaker, will list 31.1% of its stock on the Uganda Securities Exchange in its initial public offering, which is still awaiting the regulator’s approval.
Standard Chartered profits quadruple in 2016
Standard Chartered Bank reported profitability bouncing back in 2016 compared with 2015, as a big fall in loan loss provisions brought down total expenses.
Monitor, NTV revenue drops in tough media environment
Severe cost-cutting helped Nation Media Group limited to stem the bleeding from an 8% fall in revenues as a tough business environment hit the region’s largest media firm.
Private sector credit expands in February year-on-year
Commercial bank’s credit to the private sector in February grew 7.5% year on year, driven by personal loans and household loans, and more lending to the agriculture and trade sectors.
Trade deficit narrows in February on weak import growth
Uganda’s international trade deficit narrowed in February compared to a month earlier on weak import growth, but rose 34.9% year on year.
Monthly Brief: March 2017
This brief is a roundup of most important political and economic developments that happened in March 2017.