Liquidity ratio in Uganda’s banking sector up by 6.7% – Central Bank
The liquidity ratio in Ugandan banks has improved by 6.7%, an indication that the banking sector has adequate capital buffers
Uganda Business News
Licence for Ngassa block to be awarded in October
Uganda will issue two exploration licences and also sign a Production Sharing Agreement for the Ngassa oil block, Hoima District, in early October, the energy minister has said
Refinery deal in limbo after Energy PS is sacked
A cloud of uncertainty hangs over Uganda’s $4bn refinery tender awarded to a consortium led by a Mauritius-based private equity fund, Intra-continental Asset Holdings (IA), after Wednesday’s sacking of energy ministry permanent secretary, Stephen Isabalija
Profile: Fabian Kasi, managing director of Centenary Bank
Fabian Kasi, 51, is an accountant. He joined Centenary Rural Development Bank in August 2010 from FINCA Uganda, where he had served as Country Director (2002-2010). In 2015, after five years under his leadership, the bank’s customer deposits grew by 17.5% above the industry average of 12.1% in that year.
2017/18 Budget: Are we at a policy inflection point?
While many positive gains have been made on several fronts, Uganda needs to address its recent reduced growth rates
Government banks on SBI-Colas joint venture to construct Hoima airport
Uganda Business News understands that government signed a Memorandum of Understanding with Colas and SBI International Holdings AG (U) under a joint venture called SBC to move forward with the project so far tagged to a cost of Shs700b.
All banks now primary dealers as Bank of Uganda eases investing in treasuries
The Central Bank has opened up the primary market for government securities to all 24 licenced commercial banks, a move it says aims to make investing in the securities easier and more accessible to the public.
Traditional universities are on the way out: online is the future for Africa
Research suggests that the traditional university has seen its heyday and can no longer survive the changes in today’s world
MTN posts first loss in 20 years
MTN Uganda’s total revenue declined by 1.9% on the back of lower voice revenues depressed by the customer disconnections and the One Network Area in the East African Community where calls between member states are billed as local calls.
Uber drivers protest reduced fares
Uber drivers in Kampala are going offline and refusing to take passengers in protest after the company cut fares this month. A section of the drivers says that with the reduced fares, being an Uber driver is no longer a viable business option.