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Hilbroy Advisory: Central Bank Predicts Seven Percent Growth Rate
Hilbroy Advisory: Central Bank Predicts Seven Percent Growth Rate
Mutebile said as the country continues to make stead progress in its economic reforms, investors will continue to come.
Montreal,
Quebec,
Canada
(prbd.net)
16/02/2011
Montreal, Quebec, February 15, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : Tumusiime Mutebile, is confident that the economy will grow at between 6 to 7% this financial year.
The consistent demand for credit at a 30% growth rate from April to September 2010 and related positive fundamentals are signs that the economy appears set on its upward tren. "Real gross domestic product growth in 2010/2011 will be between 6% and 7% per annum, up from 5.2% in 2009/201.
"This is a remarkable rate of growth given the fact that most other countries in the world cannot achieve a half of this," said Mutebile at the Centum cross-listing dinner at the Kampala Serena Hotel last week. Statistics show that the private sector credit grew to 26% in July, compared to 25.1% in June 2010. This is attributed to the high level of investments and expenditure.
Mutebile said as the country continues to make stead progress in its economic reforms, investors will continue to come. While credit grew, commercial lending rates remained prohibitive averaging between 19.6% and 20.1%. in June for shilling denominated loans.
Most of the loans in the period were personal loans taking a chunk of 21.1% of all outstanding loans from between June and July. Agriculture, the mainstay of the economy, still had the least loan uptake at 6.4% while building, commerce and trade took 19.9% and construction and real estate took 18%.
Mutebile hailed Centum for taking steps to invest in real estate in the country which is one way of contributing greatly to this sector of the economy. The Uganda Securities Exchange chairman, Charles Mbire, said Centum was showing the spirit and result of working together.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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