Uganda Development Bank (UDB) was established in 1972 by a presidential decree purposely to finance technically feasible, economically viable, and socially desirable projects.
The Finance State Minister, Hon. Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget.
The Permanent Secretary/Secretary to the Treasury, Ramathan Ggoobi has cautioned Members of Parliament on approving ‘unnecessary’ supplementary budgets.
Absa Group headline earnings increased 27% to R11 billion in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic downturn in 2020.
By Denis Jjuuko
Somebody whose 2022 resolution is to start constructing a house asked me last week whether she should commence or not. She already has a plot of land in greater Kampala.
dfcu Limited's operating income increased by 21% from Shs304 billion in 2020 to Shs369 billion in 2021, according to the dfcu Bank Cheif Executive Mathias Katamba, who attributed the positive growth amidst slowed business activity during the Covid pandemic to the innovativeness of the company.
New members have been elected to the the Board of Directors of Wazalendo Savings and Credit Cooperative Society (WSACCO), also referred to as Wazalendo Sacco, during the SACCO’s 16th Annual General Meeting (AGM) held at the Uganda Military Engineering College (UMEC) in Lugazi, Buikwe District.
By Livingstone Mukasa
A couple of years ago I was approached to advise a young professional making UGX 100M net per month.
Uganda has improved its overall position in the Absa Africa Financial Markets Index (AFMI) for 2021, jumping five slots from 10th in 2020 with a score of 52 to 5th in the latest ranking with a score of 57 – being one of only 3 countries that improved their ranking the most.
