economy

economy

UTB urges hoteliers to embrace classification

UTB urges hoteliers to embrace classification

Africa-Press - Uganda. The Uganda Tourism Board (UTB) has called upon hotel owners and tourism stakeholders to embrace grading and classification of their facilities.The...
Three banks downgrade to credit institutions

Three banks downgrade to credit institutions

Africa-Press - Uganda. The Bank of Uganda has approved an application by three Commercial Banks to downgrade their operations to Credit Institutions.The three commercial...
Lato mother company gets approval to acquire Kenyan milk firm

Lato mother company gets approval to acquire Kenyan milk firm

Africa-Press - Uganda. Uganda’s milk processing company, Maziwa, which owns the Lato brand, has received approval from the Comesa Competition Commission to merge its...
Ecobank considers enrolling for Islamic banking in 2024

Ecobank considers enrolling for Islamic banking in 2024

Africa-Press - Uganda. Authorities at Ecobank Uganda say they are considering to start offering the product this year. President Museveni is due to officially...
Stanbic to begin taking biometric data of all clients

Stanbic to begin taking biometric data of all clients

Africa-Press - Uganda. Stanbic Bank Uganda has said it will capture all its customers’ biometric data whenever they access loans and financial services starting...
Bamboo farming in Uganda on the rise as gov't seeks to increase export

Bamboo farming in Uganda on the rise as gov’t seeks to increase export

Africa-Press - Uganda. Bamboo farming is on the rise in Uganda, where the hardy and fast-growing crop is seen by the government as having...
Stanbic Uganda posts record Shs412 billion profits

Stanbic Uganda posts record Shs412 billion profits

Africa-Press - Uganda. Stanbic Uganda, a franchise of the Standard Bank Group—Africa’s largest commercial bank by assets, has registered the highest ever profit after...
IMF wants govt to remove tax exemptions on Saccos

IMF wants govt to remove tax exemptions on Saccos

Africa-Press - Uganda. The International Monetary Fund (IMF) has said government should consider removing exemptions on incomes of Savings and Credit Cooperative Societies (Saccos)...
45 percent of pensioners continue to work after retirement, NSSF survey finds

45 percent of pensioners continue to work after retirement, NSSF survey finds

Africa-Press - Uganda. At least 45 percent of pensioners continue to work after retirement to meet life needs, many of which cannot be met...
Businesses register sharp decline in annual incomes

Businesses register sharp decline in annual incomes

Africa-Press - Uganda. Business incomes experienced a sharp decline in the four years to June 2023 with several companies falling out of their traditional...