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Banking / Investment in Uganda

  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • East Africa: Regional Microfinance Institutions Advised to Apply for Observer Status

    DJIBOUTI CITY, 2015/01/04 Regional microfinance institutions are poised to benefit from regional integration, if they apply for an observer status at the East African community secretariat, Innocent Safari, the permanent secretary, Ministry of East Africa community affairs has said. The advice follows plans by sector players to move towards integrating legal and regulatory frameworks during the recently concluded microfinance CEO's summit in Kigali. During the summit, top micro finance managers resolved to explore ways in which laws, regulations and supervisory frameworks governing the sector can be harmonised to enhance cross-border business.
  • Uganda and Côte d’Ivoire receive US Treasury Awards for Development Impact

    UGANDA, 2013/07/26 Two outstanding African Development Bank (AfDB) (http://www.afdb.org) initiatives, based in Uganda and Côte d’Ivoire, received Development Impact Honors on Thursday, July 25 from the US Treasury Department in an awards ceremony in Washington, DC. The AfDB is the initial multilateral development bank (MDB) to receive recognition for two projects in the same year. This year’s selected projects included the AfDB’s Emerging from Conflict/Multisector Support Project in Côte d’Ivoire, which focuses on restoring social services and reducing gender-based violence in post-conflict Côte d’Ivoire, and the Community Agricultural Infrastructure Development Programme in rural Uganda.
  • Investment Clubs seek to invest in land in Uganda

    UGANDA, 2013/07/16 Parliament has been asked to amend the law that bars investment clubs from investing in certain areas such as land, to increase investments in the country. The call was made by the national coordinator of the competitiveness and investment climate strategy secretariat, Dr. Peter Ngategize. He said the Corrective Investment Schemes Law does not allow investment clubs or groups to invest in land.
  • Uganda: Bad Debts Choking Banks

    UGANDA, 2013/05/30 If you want to know why the performance of most banks in Uganda in the year 2012 was appalling poor look no further than the increase in nonperforming loans and other assets (NPLs).  NPLs are one of the indicators that describe how well or bad the banking sector is faring. An increase in the percentage implies negative increase by the sector and vice versa. These loans generally are deemed to be nonperforming if they are in arrears for a period exceeding 90 days without any form of interest payment or plan for restructuring. 
  • Financing Energy Projects

    UGANDA, 2012/12/15 The just concluded Umeme Initial Public Offer and its subsequent oversubscriptions from amount quarters is a clear testimony of the public's interest in the sector. My kudos to amount involved. Uganda, like her sister countries in the region, is suffering an energy shortage, accruing from insufficient investment. While in the past energy projects have been left to governments and multi-lateral investors, the current trend of events creates from now on an opportunity for governments, policymakers, bankers and development partners to craft new routes supported by effective policies and management.