Business

Commercial lending rates slightly rise in July-report

Business
Commercial banks’ Shilling denominated monthly lending rates slightly edged upwards to 19.2 per cent in July from an average of 17.7 per cent in...

New technology firm launches in Uganda

Business
Lori Systems, a tech-enabled trucking logistics platform has launched into Uganda, Rwanda and South Sudan after winning multiple bids associated with the newly built...

Dfcu bank director finally resigns as restructuring intensifies

Business
Deepak Malik who has been a director on the board of Dfcu bank has finally resigned and left the board of the bank. According to...

Report pins BoU for selling defunct banks’ loans at 93% discount

Business
As Bank of Uganda liquidated and sold International Credit Bank (ICB), Greenland Bank and Cooperative Bank, it would also go ahead to sell loans...

The Stock Exchange of Mauritius lists the first Pan-African Sovereign Bond

Business
The Stock Exchange of Mauritius (SEM) on September 19, launched the first Pan-African Sovereign Bond Exchange Traded Fund (ETF) known as the African Domestic...
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