Author: felix@elixnews.co.ug
Housing Finance Bank has announced a profit after tax of Ushs 65.1 billion for the financial year ended December 31, 2023. The Bank attributed the 11.3% year-on-year growth in net profits to digital transformation and revenue diversification efforts. In the period under review, Housing Finance Bank also demonstrated significant growth in other key parameters, with total assets growing by 32.1% to Ushs 2.14 trillion, customer deposits increasing by 44% to Ushs 1.611 trillion, loans and advances rising by 28% to Ushs 996 billion and core capital over and above Bank of Uganda’s minimum capital requirements at Ushs 273.8 billion.…
By Felix Oketcho In abid to address escalating climate change vagaries of weather, Agricultural Business Initiative (aBi) has launched two groundbreaking programs aimed at supporting small-holder farmers and combating the climate crisis. The Green Agrifood System Programme (GRASP) and Accelerating Adoption of Green and Inclusive Finance (AAGIF) were unveiled at Speke Resort Munyonyo in Kampala. According to ABI officials over 200,000 farmers will directly benefit from aBi’s resilience and smart agricultural programs as the effects of climate change continue to intensify. The five-year program will focus on building capacity for farmers and agribusinesses to…
By Michael Jjingo “When something is important enough, you do it even if the odds are not in your favor.” Elon Musk. Starting, Building and running a successful business is hard work and if you’re starting a business for the first time, you should be prepared to work harder than ever before. Commitment and determination to win are vital commodities in the race to create a successful business. If you have these, and a great idea, you will be at table. If you command respect and can negotiate well, then you are at table. If not, you will be…
Catholics and other believers across the country have been urged to participate in the forth coming National and Housing population Census 2024. Kampala Archbishop Dr Paul Ssemwogerere while meeting officials from Uganda Bureau of Statistics in Kampala said census data information will help in planning purposes and service provision. “I wish to thank Uganda Bureau of Statistics and government for enabling this very important exercise to progress. Iam aware that the national population and housing census provides fundamental statistical data and information which is necessary for planning our population. The information is not only important for government but also…
Uganda’s Prime Minister Hon. Robinah Nabbanja has urged people of Kakumiro District to embrace technology driven projects like Huawei Technologies Uganda to improve services. Officiating at Huewei Technologies Uganda project launch, She thanked the management of Huawei Uganda for bringing such initiatives to the people of Kakumiro and Uganda at large. “ICT is the way to go. The whole world is moving digital and Kakumiro can not be left behind. Uganda is also equally moving forward.” said the Prime Minister. She encouraged learners who have been trained so far to use the knowledge to contribute to the development of…
Kenyan President William Ruto has appointed the first female commander of the air force. The Commanders of the Air Force is the head of the Kenya Air Force. The post was created in 1964 with Group Captain Ian Stockwell of the Royal Air Force as the first commander. The current Commanders of the Air Force is Maj. Gen. Fatumah Ahmed, who was appointed on 2 May 2024. Maj Gen Fatuma Gaiti Ahmed becomes the first woman in Kenya’s history to head one of the military services. She was appointed alongside other leaders including a new head of the armed…
The Prime Minister of Uganda Rt. Hon. Nabbanja Robinah has instructed the Ministry of lands to immediately cancel land titles that were allegedly fraudulently acquired. “How can a Person acquire a land title onto which there are sitting tenants without the consent of the district land board. May be there is connivance to defraud the public of their land by officials of the district land boards and the rich. These titles must be cancelled,” instructed Nabbanja. She made the remarks during Women’s Day commemoration ceremony at Kikuube Rwemisanga Grounds in Kyangwali sub county Kikuube District. This event provided a platform…
The National Agricultural Research Organisation (NARO) has signed a Memorandum of Understanding with the Kingdom of Rwenzururu to promote transformational agriculture, aimed at the socio-economical uplifting communities in the Rwenzori region. The partnership is a strategic alliance focused on enhancing the dissemination and adoption of technologies, innovations, and management practices (TIMPs) generated by NARO. The Omusinga (King) Charles Wesley Mumbere, while witnessing the signing event held at Rwenzori International Hotel in Kasese town, described the partnership as a significant milestone in the journey towards fostering collaboration, innovation, and development of the communities in Rwenzori sub region and beyond. “To…
Asareca Minister Hon Mithika Linturi the Cabinet Secretary (Minister) for Agriculture and Livestock, the Republic of Kenya has vowed to complete Construction of Asareca Building in Uganda as the research gears up go celebrate 30 years anniversary. “I will mobilise my colleagues, the Agriculture Ministers to ensure that ASARECA gets a befitting home.” These were the words of Hon. Mithika Linturi, the Cabinet Secretary (Minister) for Agriculture and Livestock, the Republic of Kenya during his visit to ASARECA Headquarters in Uganda. Speaking during a tour of the site for ASARECA Headquarters Building in the Airport town of Entebbe, Linturi,…
The Director General, National Agricultural Research Organization (NARO), Dr. Yona Baguma has commended the organisation’s collaboration with the Korea Partnership for Innovation of Agriculture (KOPIA) for driving Uganda’s agricultural sector towards transformational growth. Speaking at a high-level policy workshop celebrating the 15th anniversary of KOPIA in Seoul, South Korea Dr. Baguma noted that the collaboration was driving sustainable growth, improving livelihoods, and fostering economic development across the country. He cited the impressive results among citrus farmers in Teso sub region who have experienced a substantial increase in both yield and income over the past few years following the implementation…