Business

US$41m bailout of Ugandan traders owed by South Sudan okayed

The Parliamentary Committee on National Economy has recommended for entry into a bilateral agreement between Uganda and South Sudan to pay monies owed to...

Reduce government borrowing, Parliament tells Finance, BoU

The parliamentary committee on the national economy has implored key institutions involved in economic management to find means of reducing the country’s borrowing. According to...

Reduced interest rates boost Stanbic Bank’s credit to private sector

Stanbic Bank’s latest financial report shows that it gave Shs157b as loans, which was 80 percent of the net industry credit. The bank in its...

DFCU makes Shs127b abnormal profit in 2 years after Crane Bank takeover

The latest financial statement for DFCU bank shows that it made a net profit of Shs127.6 billion as of December 31, 2017, up from...

Difficult to eliminate technical losses soon – UMEME

Electricity distributor Umeme says it won’t eliminate technical losses too soon as the process requires huge investment in the infrastructure spread over the years. The...

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