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business

Growth in loan book boosts UDB’s profits

Uganda Development Bank (UDB) has reported a 17 percent growth in profits, supported by a 20 percent rise in its loan book. The growth, Ms Patricia …

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business

Uganda registers increased demand in industrial spaces

A Knight Frank report indicates that Uganda registered an increase in demand for industrial spaces in the first half of the 2023/24 financial year du…

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business

Loan-related fraud doubles among financial institutions

Loan-related scams doubled in just three months to June, overtaking impersonation and identity theft as the most recorded types of fraud among financ…

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business

Gold sees value of Uganda’s imports from Tanzania soar

A report by the Ministry of Finance indicates that Uganda now sources more imports from Tanzania than any other East African Community (EAC) member s…

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