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Economy
Uganda economy to grow 5% in 2017 – Stanbic Bank
After growing at an average rate of 7.8% in 1990-2010, the expansion of Uganda's economy slowed to 4.5% in the five years to 2016. The prevailing consensus among economists is that growth this year will hew to the rate of the last few years.
February 14, 2017
Companies
South Africa-based fund Arise lends $50 million to dfcu
Arise, an investment company based in Cape Town, is lending $50 million to dfcu Bank to help cover short-term capitalisation of the lender, weeks after it purchased the insolvent Crane Bank.
February 13, 2017
Companies
Uber cuts fares in face of increased competition
Uber has lowered prices for its cheaper uberX option in Kampala; the new fares came into effect on 9 February.
February 10, 2017
Politics & Policy
NSSF recovers over Shs1.8b employee contributions
The ongoing whistleblower campaign by the National Social Security Fund (NSSF) has recovered over Shs1.8 billion through information provided by over 140 whistleblowers, figures from the fund show.
February 10, 2017
Property
Tough economy bursts Kampala’s property bubble — report
The headwinds that hit Uganda's economy in 2016 did not spare the property sector; it was "a turbulent year for the property market," real estate consultancy Knight Frank says in its Uganda Market Update for the second half of 2016.
February 10, 2017
Companies
Mergers & Acquisitions
Kansai Paint agrees acquisition of Sadolin’s East Africa operations
Kansai Plascon Africa Limited, a subsidiary of the Osaka-based Kansai Paint Co, has reached a binding agreement for the full acquisition of Sadolin Paints' operations in Uganda, Kenya, Tanzania, Zanzibar, and Burundi, according to a company statement.
February 8, 2017
Economy
Uganda unlikely to achieve middle income status by 2020, World Bank says
The World Bank says Uganda's economy must grow by 12% each year until 2020 if it is to achieve its goal of middle-income status by that time. But that is twice the growth rate it considers realistic for Uganda's GDP in the medium-term
February 7, 2017
Monthly Brief
Monthly Report: January 2017
This brief is a roundup of most important political and economic developments that happened in January 2017.
February 2, 2017
Economy
Inflation rises to 5.9% in January
Inflation rose to 5.9% in January, the highest rate in seven months, mainly driven by an increase in the price of food crops, according to the Uganda National Bureau of Statistics. Headline inflation in December 2016 came in at 5.7%.
January 31, 2017
Top 100 Taxpayers
Company profile: Dfcu Group & Dfcu Bank
Dfcu became a commercial bank in 2000 after taking over and renaming Gold Trust Bank. But it had operated in Uganda since 1964, when it was set up by the Uganda government and the UK's Commonwealth Development Corporation (CDC).
January 30, 2017
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