Experts call upon Ugandans to focus on promoting economy

By ABCafrica reporter In his keynote speech at the 2017 NTV Economic Summit at the Kampala Serena Hotel last Wednesday, Mr Juan Estrada-Valle, a trade economist and Chief of Party of the USAID East Africa Trade and Investment Hub, said Uganda needs to promote its economy. “We need a countrywide commitment to our goals. Every person in every village must be aware of the direction the country is taking and more importantly, their role in its development,” he said. Mr Estrada said achieving the goals of the 2040 Vision requires…

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Bancassurance will benefit Uganda financial sector

By Lydia Kayonde One of the most significant changes in financial services over the past few decades has been the growth and adoption of Bancassurance. While it may sound like a complex word, it is a simple term coined by combining two words, bank and insurance. The sale and distribution of insurance products through banks is becoming more popular and prevalent across the world. Commercial Banks are adopting it because selling insurance products gives them a new and lucrative revenue stream without high new setup costs. Besides, this fee-based income…

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Uganda, Russia set for 2018 trade meeting

By ABCafrica reporter Uganda and Russia have started preparations for the upcoming 2nd Inter-governmental Commission aimed at improving trade and strengthening relations between the two countries. The 2nd Uganda-Russia Intergovernmental Commission is scheduled to take place in May 2018. The Ugandan delegation to the meeting will comprise both government officials and business representatives. It will include officials from The Uganda National Chamber of Commerce and Industry who signed a Memorandum of Understanding with Russia in 2009. In this MOU, Uganda is to promote trade, investment and tourism between the two countries. Some…

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Citibank concludes media training in financial reporting

By Ambrose Gahene Citibank Uganda has concluded two days media training on financial reporting held at the Kampala Serena Hotel last week. The workshop which was attended by business journalists from different media houses and presided over by senior business trainers from Aga Khan University and Citibank officials, saw several journalists attain new and modern skills in producing business stories, interpreting financial data and cyber security as well as impact on the economy. Jenny Luesby, a lecturer at Aga Khan University, expressed her disappointment with the ‘half backed’ and false…

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