Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic
Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
Uganda Business News
aYo Uganda delivers value through pandemic
Microinsurer aYo Uganda underlined its commitment to the economic wellbeing of its customers by paying out more than Shs760 million Shillings in 2020, through the height of the Covid-19 pandemic
Uganda’s economy shrinks for the first time in decades in 2020
Uganda’s economy shrank in 2020 for the first time in more than a decade as measures to control the coronavirus pandemic ground several sectors to a halt, figures published on Monday showed
Nation Media Group to slash staff in major restructuring
Nation Media Group Uganda, the media company, plans to dismiss staff as part of a restructuring seeking to “accelerate our digital transformation” and in response to effects of the Covid-19 pandemic
Umeme profits slide on suspension of free connections
Power distributor Umeme Limited on Tuesday blamed a “challenging operating and regulatory environment” for the sharp fall in 2020 profits
Uganda hopeful of investment decision on oil projects as pipeline meeting is deferred
Uganda and Tanzania have postponed a high-profile meeting on the East African Crude Oil Pipeline, initially scheduled for Monday, following the death of Tanzanian President John Magufuli
Covid-19 highlights why African consumers must protect themselves
Covid-19 has emphasised the need for African consumers to protect themselves against risks during crises but they do not always know how to plan for it
John Magufuli: a brilliant start but an inglorious end
John Joseph Pombe Magufuli was a man who deftly played the long political game. He was nevertheless a puzzle both to Tanzanians and the world
Coffee exports rebound in February
Africa’s top coffee exporter registered the highest monthly shipments this year in February following the fruition of newly planted coffee and favourable weather
Merchandise trade in January shrinks as election concerns take toll
The Uganda monthly goods trade deficit narrowed at the sharpest rate since 2019 in May as both exports and imports fell, most certainly due to election-related uncertainty