Prudential Uganda donates Shs300m in Covid-19 food relief
Issued by: Prudential Uganda Prudential Uganda on Monday donated Shs300m towards food relief in the country. The donation will be …
Uganda Business News
Standard Chartered reports strongest profits since 2016
Standard Chartered Bank Uganda’s net revenue for 2019 grew at its fastest in three years as interest income rebounded, driven by interest from loans and advances, and from investment securities
Absa profits rebound on lending income boost
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda, returned to profit growth in 2019 on the back of stronger growth in lending income and a rebound in interest from trading securities
Little coronavirus effect on demand for Uganda’s coffee
Exports of coffee, Uganda’s most valuable locally produced export commodity, increased in April compared to the same month last year but declined from March due to logistical issues caused by the lockdown
World Bank approves Shs182bn loan for Uganda’s desert locust response
The World Bank said on Thursday its board approved a low-interest loan to support Uganda’s desert locus response and strengthen its emergency response systems
Coronavirus profiteers: Protecting Africa from vulture funds
Some $117 billion of Sub-Saharan African countries’ roughly $150n in long-term debt to private creditors is in the form of bonds, with debtor countries owing the bondholders about $8bn per year. But markets are clearly not confident that these countries will meet their obligations
Lockdown update: Easing to begin next week
President Museveni said Tuesday that the lockdown easing he announced yesterday will not come into effect until a week later, after the health ministry issues guidelines on the face masks required to go out in public
Museveni lifts lockdown — or did he?
Going into President Museveni’s 18th speech on the Covid-19 pandemic, there was wide expectation that he would announce a relaxation of lockdown measures instituted in March and April
Goods imports, exports fall to record lows
Uganda’s goods imports dropped at the sharpest rate since May 1999 in March, leading to the narrowest merchandise trade deficit in 12 months, according to data released by the central bank
Bank lending growth falls to four-month low in March, but still strong
Bank lending to businesses grew at a robust pace in March, measured by the indicators’ trend growth over the past two years, according to figures from the Bank of Uganda