Business

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...

Uganda to benefit from US$194b African oil and gas projects

Uganda and nine other countries in Africa will spend US$194b on developing oil and gas fields between 2018 and 2025, according to projections by...

UMEME earmarks 12b to pay shareholders

Over 5000 shareholders of UMEME, Uganda’s electricity distributor, will receive Shs12 billion in dividends, according to its 2017 financial report to be released tomorrow. According...

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