Stanbic bank Uganda Purchase Managers’ Index registers at 54.3 index in December

By Ambrose Gahene Stanbic Bank Uganda released its headline Purchase Managers Index (PMI) index for December 2017 which indictated that there had been further improvement in the health of the Ugandan Private sector. At  54.3 index in  December,  down  slightly  from  54.9 index in November, The headline  figure  remained  above  the  series average as output new orders, employment and purchases of stocks all  contributed  to  the  above 50.0 index figure. Releasing the December PMI results, Jibran Qureishi, Stanbic Bank’s Regional Economist for East Africa said, “The PMI has averaged 54.0…

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Uganda among countries to benefit from WB private sector Investment Capital

By ABCafrica reporter Uganda is one of several countries in Sub-Saharan Africa that stands to benefit from a new World Bank financing facility that aims to support private sector access more affordable capital for investment. Speaking  during a workshop to brief private sector companies and Government of Uganda held at the Kampala Serena Conference Centre last Monday, the IFC Director for Sub-Saharan Africa, Oumar Seydi explained that the Private Sector Window (PSW) is intended to help private companies access more affordable capital for investment by providing additional guarantees to insure…

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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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Ecobank wins “Bank of the Year” awards

By Agencies Ecobank, the leading pan-African banking group, has won “Bank of the Year” awards in five of its countries of operation, reports All Africa. Ecobank scored the five-trophy hall at The Banker awards, which were held on 29th November at the Hilton London Bankside, with Cameroon, Guinea Conakry, Gambia, Togo and Uganda, all emerging triumphant. Clement Dodoo, the Managing Director at Ecobank Uganda has been credited for turning around the bank, having joined the Bank in early 2015.The Banker, part of the Financial Times, is one of the most…

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