Markets


New Jobs, Orders Rise in April PMI

New Jobs, Orders Rise in April PMI

May 5, 2022 – Kampala, Uganda: The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output
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Record Performance in Latest Full-Year Earnings-AFC

Record Performance in Latest Full-Year Earnings-AFC

Lagos, 1 April 2022. Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, reported record performance in its latest full-year earnings, driven by high-impact investments and its strong credit profile. Despite the pandemic and
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Stanbic Uganda Profits up 11% to Ugx269b in 2021

Stanbic Uganda Profits up 11% to Ugx269b in 2021

Highlights for 2021 Profit-after-Tax for Stanbic Uganda Holdings Limited (SUHL) representing five subsidiaries rose 11% to Ushs269bn from Ushs242bn in 2020 SUHL’s anchor subsidiary, Stanbic Bank Uganda posted Ushs275billion in
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Trade Finance and the Efforts to Boost Intra-African Trade

Trade Finance and the Efforts to Boost Intra-African Trade

By Lodewyk Meyer, Partner and Head of the Banking & Finance Practice, and Lucy Stratton, Associate Designate, Baker McKenzie, Johannesburg. As stated by the President of the African Development Bank (AfDB),
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