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Daily Monitor Tuesday May 11 2021 Summary Covid-19. 2020 was a difficult year in the banking sector as borrowers capacity to repay loans was highly impacted by the pandemic. Advertisement Compared to tourism or education which continues to suffer the brunt of Covid-19 and the resultant containment measures instituted by the government to control the spread of the pandemic, the banking sector seems to be sailing through the tides rather unscathed as evidenced by the profit margins the industry players closed their accounts with.  Apart from banking and telecommunications, most economic sector...

By Isaac Khisa | The Independent UG Published: April 06, 2021 11:19 PM Kampala, Uganda | ISAAC KHISA | 2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep dive as coronavirus cases surged.   However, the dividends set to be paid to shareholders seem to be more than expected as evidenced by the annual performance announcements by some of the country’s commercial banks that have released their results.   Stanbic bank, for instance, has proposed a divide...

Daily Monitor Tuesday February 02 2021 Transacting through ATMs was also affected. Bank customer could not conduct any transaction through the Automated Teller Machines. PHOTO | file Summary Selfish. Whereas security is an important aspect, some Ugandans say government’s action to switch off the Internet was nothing but selfish. Advertisement The Internet shutdown was an unevaluated and selfish decision, whose merit has not been properly explained away from the veiled excuse of threat to security, at least some Ugandans believe. Of course considering how you view it, this is an issue that i...