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Finance
31 posts
MTN Uganda meets 20% public float requirement
MTN Uganda has attained a public float of 20 per cent at the Uganda Securities Exchange (USE) and the company is now fully compliant with the minimum public float requirement set out in rule 32 (7) of the USE rules, 2021.
Absa to open China office, eyes trade revenue boost
Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China with SubSaharan Africa, after opening its first office in the Asian economic powerhouse.
World Bank: African economies projected to grow by 3.4 % in 2024
Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains…
Money transfer App targets East African Diaspora
Remittances from the East African diaspora soared to a record $9.3b in 2022 despite the high cost of…
Why Uganda shilling is strongest in East Africa
Kampala, Uganda | THE INDEPENDENT The Uganda Shilling ended the year 2023 on a stronger note, having stabilized…
Nigeria’s Access Bank acquires Ugandan lender
Nigeria’s Access Holdings will acquire a 80 percent stake in Uganda’s Finance Trust Bank Ltd in a transaction…
Traders anticipate G77, NAM to boost forex supply
The Ugandan shilling experienced a rebound, recovering from early-week losses as it tested the 3800 level. This upward…
Airtel Uganda starts trading as a public company
Airtel Uganda on Tuesday started trading as a public company after being listed at the Uganda Securities Exchange.…
BoU maintains key rate to control price change
In its latest decision, the Monetary Policy Committee (MPC) of the Bank of Uganda has chosen to keep…
Uganda’s inflation continues to drop, still lowest in region
Uganda’s inflation level continued slowing down in the month of September even as other countries in the region…