Finance

Ministry of Finance has Tuesday announced the release of funds for the first quarter of the new Financial Year 2021/2022.

Uganda will get US$US$1 billion, or about Shs3.5 trillion from the International Monetary Fund (IMF) that has been secured under the Extended Credit Facility (ECF) to support the East African nation plug financing gaps by the Covid-19 pandemic.

Despite a challenging business year 2020, Housing Finance Bank (HFB) exhibited high levels of resilience to post an impressive performance during a COVID-19 suppressed environment.2020.

The bank’s asset base grew by 22% to Shs1.11 trillion up from Shs912.2bn recorded in 2019.

By Joseph O. Okuja

I will not be posting much about tax compliance anymore. I have decided to redirect my efforts towards analysing the taxes that government, through URA, does not collect.

Open letter to African Americans, ...keys to Africa, your Right. 

The Black Wall Street Chairman Mr. Charles N Lambert, a champion for Africa's economic development through his Economic War on Poverty has advised Ugandans to harness their social capital as one of the ways to financially liberate themselves.

The Commercial Court has ordered Stanbic Bank (U) Ltd, Uganda’s biggest bank by assets to pay more than Shs400m after some of its top staff created a sham company that they used to sell to themselves several plots of land belonging to a customer.

By Edgar Mugarura and Denis Yokeyasi Kakembo

Introduction

Press release: Housing Finance Bank has been named the most innovative bancassurance agent for the year 2020 at the Annual Insurance innovation awards held at Serena Hotel Kampala on December 18, 2020.

 The Managing Director, Housing Finance Bank Uganda, Michael Mugabi and Hatem Chakroun, the Agence Française de Développement (AFD) country Director in Uganda, have signed two financing agreements to the tune of euro 10.5 million (UGX 46.5 bn).