By Ddungu Jordan
Bank of Uganda has issued the first Islamic banking licence to Salaam Bank Limited.
The Inspector General of Government Beti Kamya has ordered the former Managing Director for NSSF Richard Byarugaba together with the Director Finance Stevens Mwaje to refund UGX4.4 billion and another UGX 687.3million or risk facing prosecution.
By Dennis Katungi
Topic: Execution: Getting Things Done in 2023
With the irony of NSSF lately featuring in the Press for the wrong reasons - Mr Patrick Ayota still captivated the audience at Serena Hotel on Tuesday 14th March.
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.