|
Bank Of Baroda (Uganda)
The Bank of Baroda Uganda Limited, also known as the Bank of Baroda Uganda (BBU), is a commercial bank in Uganda and a wholly owned subsidiary of Indian government owned banking and financial service company Bank of Baroda . It is one of the commercial banks licensed by the Bank of Uganda, the national banking regulator. Overview BBU is involved in all aspects of commercial banking, focusing on large corporations, small and medium enterprises, and individuals. BBU is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. BBU is listed on the Uganda Securities Exchange (USE) where it trades under the symbol "BOBU". As of December 2019, BBU had total assets of (US$498,172,000), with shareholders' equity of (US$104,885,000). History BoB opened its first overseas branches in Mombasa, Kenya and Kampala, Uganda in 1953. BBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Uganda
Uganda is a presidential republic in which the President of Uganda is the head of state and the prime minister is the head of government business. There is a multi-party system. Executive power is exercised by the government. Legislative power is given to both the government and the National Assembly. The system is based on a democratic parliamentary system with equal rights for all citizens over 18 years of age. Political culture In a measure ostensibly designed to reduce sectarian violence, political parties were restricted in their activities from 1986. In the non-party "Movement" system instituted by President Yoweri Museveni, political parties continued to exist but could not campaign in elections or field candidates directly (although electoral candidates could belong to political parties). A constitutional referendum canceled this 19-year ban on multi-party politics in July 2005. Presidential elections were held in February 2006. Museveni ran against several candidates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ggaba
Ggaba is a neighborhood within the city of Kampala in the Central Region of Uganda. Location Ggaba is located on the northern shores of Lake Victoria, at the southern tip of the city of Kampala. Fgaba is generally a low topography area, It is bordered by Murchison Bay in Lake Victoria to the south and east, the village of Kawuku to the northeast, Bbunga to the north, Buziga to the northwest and Munyonyo to the southwest. It lies in Makindye Division, one of the five administrative burroughs of the city. The road distance between Ggaba and Kampala's central business district is approximately . The coordinates of Ggaba are:0°15'23.0"N, 32°38'10.0"E (Latitude:0.256390; Longitude:32.636113). Overview Ggaba can be divided into the following major areas: Lake shore This is the southeastern part of Ggaba and includes: (1) A small beach (2) A landing dock for fishing boats (3) A fish market (4) A shopping center (5) A commercial resort with a private beach (6) Several bars and night ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kololo
Kololo is a hill in Kampala, the largest city and capital of Uganda. The name also applies to the upscale residential and commercial neighbourhood that sits on that hill. Location Kololo is close to the centre of Kampala, bordered by Naguru to the east, Bukoto to the north, Mulago to the north-west, Makerere to the west, Nakasero to the south-west, and Kibuli to the south. Kololo is in the Kampala Central Division. The coordinates of Kololo are 0°19'46.0"N, 32°35'41.0"E (Latitude:0.329445; Longitude:32.594725). Kololo Hill rises to a maximum height of above sea level. Overview Kololo gets its name from the 19th century Acholi Chief Awich, from Northern Uganda. He, along with Kabalega of Bunyoro resisted British rule. Awich was arrested and brought to Kampala and incarcerated on top of Kololo Hill. He is alleged to have cried out in Luo, “An atye kany kololo”, which means “I am here alone.” Awich was lamenting over the fact that he had been left alone in the wilde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AllAfrica
AllAfrica is a website that aggregates news produced primarily on the African continent about all areas of African life, politics, issues and culture. It is available in both English and French and produced by AllAfrica Global Media, which has offices in Cape Town, Dakar, Lagos, Monrovia, Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city prope ..., and Washington, D.C. AllAfrica is the successor to the African News Service. Its stories can be displayed by categories and subcategories such as country, region, and by news topic. In 2008, AllAfrica rolled out a comment board system. The President of AllAfrica Global Media, Amadou Mahtar Ba, is a member of the International Advisory Board of the African Press Organization. References External links * ReliefWeb archives of A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Vision
The ''New Vision'' is a Ugandan English-language newspaper published daily in print form and online. Overview ''New Vision'' is one of two main national English-language newspapers in Uganda, the other being the '' Daily Monitor''. It is published by the Vision Group, which has its head office on First Street, in the Industrial Area of Kampala, Uganda's capital and largest city in that East African country. History It was established in its current form in 1986 by the Ugandan government. It was founded in 1955 as the ''Uganda Argus'', a British colonial government publication. Between 1962 and 1971, the first Obote government kept the name of its daily publication as ''Uganda Argus''. Following the rise to power of Idi Amin in 1971, the government paper was renamed ''Voice of Uganda''. When Amin was deposed in 1979, the second Obote government named its paper ''Uganda Times''. When the National Resistance Movement seized power in 1986, the name of the daily newspaper was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PineBridge Investments
PineBridge Investments (also known as PineBridge) is an American asset management firm. It was previously the asset management division of American International Group (AIG) known as AIG Investments before being sold to the Pacific Century Group in 2010. It was subsequently renamed to PineBridge Investments. History The predecessor to PineBridge was originally formed in 1996 as AIG Investments, the asset management division of AIG to oversee the group's $75 billion assets. This was done by consolidating AIG’s various investment entities into a single platform and at the time of the entity's establishment, it had 300 employees. Win Neuger who joined AIG in 1995 to lead and grow the division, was the CEO of AIG Investments as well CIO of AIG. In 2004, AIG Investments set up a joint venture with Huatai Securities forming AIG-Huatai Fund Management (now known as Huatai-PineBridge Fund Management). By 2008, the size of AIG's investments had reached $712 billion. Due to the Fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Uganda
The parliament of Uganda is the country's legislative body. Unicameral, the most significant of the Ugandan parliament's functions is to pass laws that will provide good governance in the country. The government ministers are bound to answer to the people's representatives on the floor of the house. Through the various parliamentary committees, parliament scrutinises government programmes, particularly as outlined in the ''State of the Nation'' address by the president. The fiscal issues of the government, such as taxation and loans need the sanction of the parliament, after appropriate debate. Composition The Parliament has a total of 529 seats, including 353 representatives elected using first-past-the-post voting in single winner constituencies. Using the same method, 146 seats reserved for women are filled, with one seat per district. Finally, 30 seats are indirectly filled via special electoral colleges: 10 by the army, 5 by youths, 5 by elders, 5 by unions, and 5 by peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Social Security Fund (Uganda)
The National Social Security Fund (NSSF) is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community, with assets of USh15.5 trillion (approx. US$4.406 billion), as of June 2021. History In February 2009, the President of Uganda fired the minister of finance, whose ministry supervises the activities of NSSF. Also terminated were the managing director of the NSSF. A new board of directors and a new management team were appointed in 2009. In late 2010, NSSF underwent a restructuring process aimed at making it more efficient, competitive, and responsive to the needs of its members. It was then poised to provide a wide range of socia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DFCU Bank
DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator. Overview As of December 2021, DFCU Bank had total assets of UGX:3.136 trillion (US$882.8 million), and shareholders' equity of UGX:594.03 billion (US$167.2 million). As of 30 June 2017, dfcu Bank operated 67 branches and 100 automated teller machines. As of 30 June 2020, the bank's total assets had increased to UGX:3.442 trillion (US$939 million), with shareholders' equity of UGX:599.65 billion (US$163.54 million). History The Development Finance Company of Uganda Limited was established in 1964, with its name changing in 2000 to DFCU Limited and eventually to dfcu Limited. In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became dfcu Bank. In July 2014, the BoU transferred to dfcu Bank the customer deposits of the Global Trust Bank, a small retail fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sudhir Ruparelia
Sudhir Ruparelia (born 17 January 1956) is a Ugandan business magnate and investor of Indian origin. He is the chairman and majority shareholder in the companies of the Ruparelia Group. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts. According to ''Forbes'' in 2019, Ruparelia was the wealthiest individual in Uganda, with an estimated net worth of US$1.2 billion. On 20 October 2016, the Bank of Uganda, which regulates all banks in Uganda, took control of Crane Bank, the largest subsidiary of the Ruparelia Group, due to a significant decline in capital and a potential run on the bank. On 11 February 2022,the supreme court in Uganda ruled against the Bank of Uganda when it reverted the ownership of crane bank to the share holders.(Sudhir Ruparelia.) Biography Ruparelia was born in Kabatoro, Kasese District in the Western Region of Uganda to an upper-middle-class Indian Gujarati family. His g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73–55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
