Ex VTB executive Riccardo Orcel joins British agri trader Quanton as chairman

Published by
Reuters UK

By Pamela Barbaglia and Jonathan Saul LONDON (Reuters) – Former VTB banker Riccardo Orcel has taken a new role as chairman of London-based agricultural trader Quanton Commodities as he seeks to revamp his career after more than a decade at Russia’s second-largest lender. It is the second chairmanship in less than three months for the 56-year old Italian who fled Moscow to relocate to Milan in the aftermath of Russia’s invasion of Ukraine and was appointed chairman of London-listed gold producer Polymetal International in March. Orcel, whose older brother Andrea runs Italian bank UniCredit, was…

Read More


Uganda scoops three international tourism awards

Uganda has been crowned this year’s Grand prix and two times gold award by the International Tourism Film Festival Africa (ITFF) for its film, Explore Uganda- The Pearl of Africa.The event which was held in Cape Town, South Africa saw Uganda’s short f…

Shilling remains weak as BOU mops sh305b excess cash

The Uganda Shilling remained weak during Thursday’s session on continued interbank and pockets of corporate demand for dollars, traders said.The local unit closed the session at the 3555/3565 levels per dollar.Money markets were liquid according to Abs…