bubuonline

About bubuonline

Posts by :

February 1, 2024

Centenary Bank Takes Banking To WhatsApp

417434241_372555638722154_3323934790048316840_n

Centenary Bank is turning to social media network WhatsApp to provide customer-centric banking solutions. To achieve this, the commercial bank launched CenteWhatsApp Banking, a service designed to provide customers with convenient and secure access to a wide range of banking services directly through the messaging platform.CenteWhatsApp banking capacitates WhatsApp to bring banking services closer to […]

January 31, 2024

UDB Partners With AGF To Scale Up Sustainable Lending

bubuonline Banks, FINANCE 0

Uganda Development Bank (UDB), the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF).The agreement will scale up lending to SMEs, Women, Youth-affiliated businesses, and green projects in Uganda with credit worth Shs16 billion.The announcement was made during an agreement signing ceremony that was held at […]

January 31, 2024

How Aggressive URA Collected Shs6.8bn In One Week

bubuonline Import & Export, TRADING 0

Uganda Revenue Authority (URA) reveals that it has collected a whopping Shs6.8bn within one week of enforcing compliance with the Digital Tracking System (DTS) and the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) in the Kampala Central Business District (CBD).Sandra Kaitare, the Assistant Commissioner of the Petroleum and Mining Division, who is overseeing these operations […]

January 31, 2024

Parliament Adopts 2024/25 Budget Framework Paper

bubuonline Markets, TRADING 0

Parliament during a Tuesday plenary adopted the National Budget Framework Paper for the Financial Year (FY) 2024/25.In December 2023, the government initiated the budget approval process for the financial year 2024/2025 through the tabling of the National Budget Framework Paper (BFP) amounting to Shs52.7 trillion.The document was tabled in Parliament by the Minister of State […]

January 31, 2024

Vice President Lauds ICT Talent Development In The Teso Sub-Region

bubuonline Innovations, TECHNOLOGY 0

Huawei Technologies DigiTruck project in Teso Sub-region has equipped over 1000 youth, women, Jua-kalis, local district officers among others with digital skills.The project was launched in the region in October 2023 and was completed in January 2024. The skills acquired will enable them to engage in e-commerce and market their produce.All the 11 districts in […]

January 30, 2024

Economy Recovering Well From External & Internal Shocks – PSST Ggoobi

bubuonline Markets, TRADING 0

The Permanent Secretary and Secretary to the Treasury, Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi, informed journalists that the country’s economy is recovering well from external & internal shocks.Ggoobi revealed that the economy expanded to Sh184.89 trillion by the end of June 2023, growing at a rate of 5.2% in real terms. The […]

January 30, 2024

AfDB Commits To Continue Funding Uganda

bubuonline Banks, FINANCE 0

An official from the African Development Bank Group (AfDB), Dr Kevin Kariuki, has pledged that the continental development bank will continue working closely with the government of Uganda to achieve its development goals.Dr Kariuki, the AfDB Vice-President of Power, Energy, Climate & Green Growth Complex, made the pledge in Kampala in a meeting with Matia […]

January 30, 2024

Stanbic Bank Cuts Interest Rates In New Campaign

bubuonline Banks, FINANCE 0

L-R-Aaron Akampa HeadEnterprise Banking Stanbic Bank,Israel Arinaitwe-Head Personal Banking-Stanbic Bank,Yiga Albert-Head Education Sector- Stanbic Bank,Dogo Singh-Bancassurance Manager-Stanbic Bank

To stimulate economic activity, Stanbic Bank Uganda has announced a new lending campaign dubbed Oli Sorted, aimed at facilitating Ugandans to access affordable credit to finance their personal and commercial needs.Israel Arinaitwe, the Head of Personal Banking at Stanbic Bank said after the last quarter of the year which is characterized by high-spending, individuals and […]

January 26, 2024

Chinese To Showcase Culture And Traditions At Temple Fair

bubuonline Events, LIFESTYLE 0

Members of the Chinese community in Uganda will be joined by thousands of Ugandans to celebrate this year’s Chinese Spring Festival Temple Fair at Kololo Ceremonial Grounds in Kampala on Sunday, 28th January 2024.The first ever Chinese folk custom fair, also known as the temple fair, was first held in 2020. The Chinese in Uganda […]

January 26, 2024

Uganda’s Economic Outlook Is Very Optimistic – Museveni

bubuonline Markets, TRADING 0

President Yoweri Museveni has assured Ugandans that the country’s economy is continuing to expand despite the effects of climate change on agriculture and infrastructure by the floods, the conflict in Eastern Europe, which led to a rise in the prices of some strategic commodities such as oil as well as the recent rise in interest […]