Tag Archives: bank

Kampala, Uganda | THE INDEPENDENT | Centenary Bank is commemorating 40 years of transformative banking services. As part of the celebrations, the bank embarked on a series of training sessions aimed at empowering educators in financial literacy across various regions. The bank’s initiative to empower educators in financial literacy has been …

Buenos Aires, Argentina | Xinhua | Argentina’s central bank on Monday increased the benchmark interest rate by 21 percentage points to 118 percent. The move aims to anchor exchange expectations and boost positive real returns on investments in local currency, among other purposes, according to the Central Bank of the …

Kampala, Uganda | THE INDEPENDENT | The FY2023/24 budget presents both challenges and opportunities but through open and constructive engagements, Ugandans can navigate through these times effectively, according to Mumba Kalifungwa, the Managing Directro for Absa Bank Uganda. Kalifungwa was speaking at a budget breakfast meeting held in Kampala on …

Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …

However, SBG Securities Ltd.’s revenues were impacted largely by a drop in capital markets activities Kampala, Uganda | THE INDEPENDENT | Stanbic shareholders will get Shs 6.98 per share totalling Shs 235bn following a 33% growth in profits for the year ended December 31, 2022. This is 1.7% higher than the …

Kampala, Uganda | PATRICIA AKANKWATSA | BRAC, one of the largest development organisations in the world on March 31st, celebrated its 50th anniversary under the theme, “50 Years of Igniting Hope from Bangladesh to the World” at Munyonyo Commonwealth Resort on 30 March 2023. The event was organised by BRAC Uganda …

London, UK | Xinhua | The Bank of England (BoE) has raised its benchmark interest rate by 0.25 percentage points to 4.25 percent, the highest since autumn 2008, according to a BoE statement issued on Thursday. At its meeting ending on Wednesday, the central bank’s Monetary Policy Committee (MPC) voted …

SVB had around 90% of its accounts with more than $250,000 in deposits, which is “higher than your typical bank Kampala, Uganda | THE INDEPENDENT | Silicon Valley Bank is now known as the biggest U.S. bank failure since 2008. Before becoming known globally for its chaotic collapse, SVB was well-regarded …

Kampala, Uganda | THE INDEPENDENT | The Committee on Defence and Internal Affairs will examine different bank accounts operated by Police Savings and Credit Cooperative Organization (SACCO), Exodus. This arises from the observation that the Police Sacco which was founded in 2007 has been opening and operating new bank accounts each …

London, UK | Xinhua | HSBC, the largest bank in Europe, on Monday said it had bought the United Kingdom (UK) operations of the failed U.S. lender Silicon Valley Bank (SVB) for a single symbolic pound (1.21 U.S. dollar). The move is expected to save many British startups from huge …