Rising income inequality within countries underlines importance of Africa’s economic growth
Income inequality between countries has been falling since the 2000s, but income inequality within countries is on the rise
Uganda Business News
Credit standards for business loans tightened in third quarter, BoU says
A central bank survey showed that commercial bank lending criteria tightened for all sectors except electricity and water utilities
Mulago, Stanbic discuss corporate cancer screening
Uganda Cancer Institute explores introduction of cancer screening initiative for busy corporate employees
Uganda maintains top 5 ranking in Africa capital markets index
Uganda ranks behind investment gateways South Africa and Mauritius, and the continent’s biggest economy, Nigeria
Airtel extends IPO closing date
Airtel Uganda has postponed the closing date for its initial public offering to 27 October from the original date of 13 October
New Vision slumps to its second annual loss
New Vision reported a sharp drop in earnings for the year ended June, dragged down by the poor performance of its recently added publishing revenue stream
AfDB project to improve farmers’ access to fertiliser with $2.9mn in loan guarantees and grants
The three-year project will support two wholesalers to sell subsidised fertiliser, and link them to agro-dealers who will act as resellers
Artificial intelligence solution wins TotalEnergies e-mobility hackathon
Application that uses artificial intelligence to identify optimal locations for electric vehicle charging points wins TotalEnergies Uganda rEVolution Hackathon
Coffee exports climb 15% in September
A strong robusta crop harvest in the south western-region boosted Uganda’s coffee exports by 15% in September
Two top 100 African bank rankings, same two Ugandan banks
Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitability