The Petroleum Authority of Uganda, the body charged with monitoring and regulating oil and gas activities, has opened the 2019 registration for the National Supplier Database. The exercise will commence formally on Saturday
Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had “normalised following the integration of the acquired net assets of Crane Bank Limited”.
Profit growth at Stanbic Bank – Uganda’s largest bank by assets – picked up a little pace in the first half of 2018 following a decline last year. Still, the bank’s primary source of income continued declining due to central bank rate cuts.
Uganda’s largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.