Output and new orders contract Input costs rise amid higher purchase prices and wage bills Firms remain confident in the outlook as employment grows
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The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Shs. 20 trillion in Assets Under Management, one and a half years ahead of schedule, according to the …
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Banking & SavingsFinanceLatest NewsNews
Housing Finance Bank Facilitates Dialogue Among Stakeholders to Ease Vehicle and Asset Acquisition for Ugandans
According to the recently released Bank of Uganda monetary policy statement, Uganda’s economic growth is projected to perform at ranges of 5.5%-6.5% in the short-to-medium term premised on the projected …
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Banking & SavingsFinanceLatest NewsNews
Stanbic Bank Names Sam Mwogeza as Interim Chief Executive & Barbara Dokoria as Executive Director
Stanbic Bank Uganda has announced the appointment of Samuel F Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024 until substantive appointments …
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Customer Deposits grew to Ushs 6.3 trillion from Shs 6.1 trillion Total Assets grew to Ushs 9.3 trillion from UShs 9.1 trillion Net loans and advances grew to Ushs 4.2 …
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Banking & SavingsFinanceLatest NewsNews
Private Sector Output Continues Growth for Nineteenth Consecutive Month
The private sector has sustained its upward trajectory for the nineteenth consecutive month, as reported by the Stanbic Purchasing Managers’ Index (PMI). Despite a slight dip in activity recorded in …
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Banking & SavingsLatest NewsNewsRegional News
Standard Bank Group Appoints Anne Juuko to Lead Global Markets in East Africa
The Standard Bank Group has announced the appointment of Anne Juuko, the Chief Executive of Stanbic Bank Uganda, to a new leadership role as Global Markets Regional Head-East Africa, effective …
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Banking & SavingsEventsLatest NewsNews
Standard Chartered Bank Uganda Launches International Banking
Standard Chartered Bank Uganda unveiled its latest offering, International Banking (IB), during a milestone event this week. This launch marks a significant move for the bank as it extends its …
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AgricultureBanking & SavingsLatest NewsNewsPeople
How dfcu Bank is bolstering Uganda’s Agricultural Value Chain
This year, dfcu Bank marks 60 years of existence and offering financial solutions to its customers across Uganda. Over the years, the Bank has been at the forefront of creating …
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Banking & SavingsFinanceLatest NewsNews
Uganda ranked highest growing financial market in East Africa, 4th In Africa
Uganda has ranked the highest growing financial market in East Africa, and maintained the fourth position on the African continent, according to the latest Absa Africa Financial Markets Index (AFMI) …