Trade between Uganda and Italy is currently in favor of Uganda, with Rome having registered a negative trade balance of 18 million euros as of June 2024. The European country exported only 8.13 million euros and imported 26 million euros. On its part, Uganda is enjoying a significant increase in export receipts from coffee exports, […]
Relatedly, financial institutions seem to be keeping pace with the rate of innovations in the green space, and billions are being channeled into asset financing for EV solutions. The latest story is the Boda-Boda EV market, and Absa Bank has today announced a UGX 19 billion loan facility in a partnership that will enable first-time […]
The NSSF announced an interest rate of 11.5%, surprising some savers who expected returns of at least 12% to 13.5%. They cited that the provident fund’s returns from investments in MTN, Airtel, and others generated billions from interest, dividends, and income from real estate. Another argument is that the economic fundamentals during the period leading […]
Small and medium-sized enterprises (SMEs) are the backbone of the global economy, driving innovation, job creation, and economic growth. However, many SMEs struggle to access the resources necessary for scaling. Embracing technology has been recognized as a game-changer for achieving growth, sustainability, and market access. To address these challenges, the Top 100 SMEs project aims […]
Insurance industry players have been urged to develop innovative products that cater to the specific needs of the population. Michael Niyitegeka, Executive Director at Refractory Limited, encouraged insurance CEOs to innovate with purpose, emphasizing the importance of addressing the factors that drive growth and shape the overall industry ecosystem
Micro-finance and deposit-taking institutions are leveraging non-traditional sources of data, such as mobile phone usage, utility payments, and commerce behavior, to assess the creditworthiness of individuals and small businesses who may lack a formal credit history, which is often the case in the micro-finance ecosystem. According to Giles Germany Aijukwe, the Chief Executive at Letshego, […]
Works and Transport Minister Fred Byamukama has presided over the launch of Uganda Airlines’ new route to the Nigerian capital, Abuja, which he says will bring economic benefits for both Uganda and Nigeria. Officials at the launch expressed optimism that opening such routes will speed up connectivity on the continent and the implementation of the […]
The Old Mutual Investment Group in Uganda expanded by 53%, reaching 1.678 trillion shillings in assets under management for the year ending 2023. Speaking to the press this morning at Serena International Conference Centre, Samuel Ssejaka, the chairman of Old Mutual, attributed the strong performance to the group’s investments in debt-based instruments and government bonds, […]
Starting next week, the government will begin registering coffee farmers as part of efforts to comply with the EU’s Biodiversity Strategy for 2030, which includes deforestation-free regulations. This registration is aimed at ensuring that Ugandan coffee farmers are traceable and can maintain access to the EU market. The EU is one of Uganda’s largest export […]
Stay informed with NTV Uganda, your trusted source for breaking news, live TV, sports updates, entertainment, and exclusive features. Stream live and catch up on your favorite shows anytime, anywhere.
Copyright © 2024 NTV Uganda. Terms & Conditions, Privacy Policy