Business

DFCU Bank in crisis as major investor Arise B.V. trails Britain’s CDC in exit plans

Business
Arise B.V., an investment company based in Cape Town, also intends to quit DFCU Bank following reports that Britain’s Commonwealth Development Corporation Group (CDC)...

Delegates support second phase of building regional border posts

Business
Delegates at the 15th Meeting of the Sectoral Council on Transport, Communications and Meteorology (TCM) have agreed on the proposal to develop Phase II...

Banks expect businesses to borrow more, default more on dollar loans-BOU

Business
The latest Bank of Uganda (BOU) findings from the survey for the period April – June 2018, as well as expectations for July –...

Local insurance companies ‘financially stable and sound’, says IRA boss

Business
All insurance companies in Uganda are financially stable and sound despite recent media reports that some were on the verge of collapsing, a top...

Mobile Money tax risks reversing inroad promotion of financial inclusion- Wilbrod Owor

Business
The Executive director for Uganda bankers association (UBA) Wilbrod Owor says the newly introduced Mobile Money Tax risks reversing the inroads made in promoting...
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