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KAMPALA, UGANDA- The International Accounting Standards Board issued a new accounting standard on financial instruments, the International Financial Reporting Standard (IFRS) 9, which came into effect on 1st January 2018. This new standard replaced the International Accounting Standard (IAS) 39. One of the fundamental changes that IFRS 9 introduces is the concept of Expected […]
KAMPALA, Uganda–Stanbic BanK has released its 2017 full year financial results with the bank registering a solid performance driven by the banks strategic contribution to the Ugandan economy. Announcing the results at a press briefing today Patrick Mweheire the Chief Executive said, “The bank played a key role in supporting Uganda’s continued economic recovery and […]
KAMPALA, Uganda–Uganda’s Annual Headline Inflation has dropped to 3.0% compared to 3.3% registered in December the new Inflation report from the Uganda Bureau of statistics has revealed. The decline in the Inflation according to Ubos is attributed to attributed to the drop of the Annual Core Inflation to 2.6% compared to 3.0% registered in December […]