Gloria Barbara Adyero – the founder of Loremi Tours, a local travel agency notes that online marketing is an exciting new opportunity for the women in business to explore global markets in the comfort of their homes.
Stanbic Bank Uganda’s Head of Human Capital Moses Mbubi while commenting on the awards thanked the federation for recognizing the Bank as the employer of the year.
Anthony Dradria, the newly appointed Arua Municipal Engineer told the team before he was picked up that several road projects have stalled due to lack of funds.
Stanbic Head of Corporate Social Investment CSI Barbara Kasekende said the the banks key focus area for Corporate Social Investment is education because it is a key factor to achieving transformational change in our countrys economy.
The highly competitive finale held in Kampala at Africana Hotel on Thursday. The four regional finalists who made it to the grand finale included: Muni Girls Secondary School, Mengo Senior School, Nakanyonyi Senior Secondary School and Bweranyangi Girls Senior Secondary School.
Dr. Samuel Sejjaaka, Uganda Development Bank Board Chairperson, says while trust and transparency lie at the heart of social life and are key to building a healthy economy, they have been lacking among many Ugandans that have set up family businesses.
The Call was made by CNOOC Uganda President, Xiao Zongwei saying there are immense opportunities in Ugandas oil sector that Chinese should take advantage of.
Data compiled by URN from the results released by commercial banks for 2013 indicate that overall, profitability dropped by 21.2percent to Ugx 462billion. Of the 25 commercial banks, seven recorded a decline in profits, five posted losses and eleven had an increase in profits.
Most commercial banks also turn to government instruments because they offer a safe haven instead of them lending to the private sector, which is high risk.
The suspended Kooki Chiefdom premier, Ananias Ssekyanzi attempted to withdraw 500 million shillings which had been illegally deposited on his Stanbic bank account by suspected cyber criminals.
Nearly two weeks after the Central Bank announced the reduced CBR, a few commercial banks are beginning to respond. Stanbic Bank, the biggest by assets and deposits controlling one-quarter of the market, was the first to heed to Bank of Uganda’s call. The bank last week reduced its prime lending rate from 25 percent to 23 percent beginning September 28th.
