Tag Archives: bank

  Kampala, Uganda | THE INDEPENDENT | Agnes Namyalo Mayanja has been appointed Executive Director for KCB Bank Uganda Limited. As the Executive Director, she will deputize and support the Bank’s Managing Director in the overall strategy formulation and implementation of astute leadership and management in line with the Bank’s …

Tokyo, Japan | AFP | The Bank of Japan on Monday unveiled a series of emergency monetary policy measures to shore up the world’s third-largest economy, as the coronavirus pandemic threatens a global recession. In a meeting brought forward by two days, the BoJ said it would double its annual …

Luanda, Angola | AFP |  The head of one of Angola’s largest banks has resigned after being named in a corruption probe centred around ex-first daughter Isabel dos Santos, according to a letter seen by AFP on Thursday. Mario Leite da Silva, who was chairman of Banco de Fomento Angola …

Nairobi, Kenya | AFP | Tanzanian President John Magufuli on Wednesday ordered the central bank to create a gold reserve, as he urged the government to better control mineral exports from the country, Africa’s fourth largest gold producer. “We should start buying gold, the central bank must invest in this. …

Washington, United States | AFP | US President Donald Trump on Tuesday renewed his attack on the US Federal Reserve’s monetary policy, blaming the central bank’s interest rate hikes for a tanking market. With stocks on track for their worst December since the Great Depression, Trump has regularly berated the …

Rio de Janeiro, Brazil | AFP | Eleven people — six bank robbers and five hostages including a child — were killed Friday in a pre-dawn assault on two banks in a northeast Brazilian city foiled by police, the local mayor said. The violence erupted in the city of Milagres, …

Washington, United States | AFP | President Donald Trump once again blasted his hand-picked chief of the US central bank Tuesday, saying he was “not even a little bit happy” with his selection of Jerome Powell. The Federal Reserve chairman has presided over three interest rate increases this year, and …

Museveni meets Mutebile Behind the scenes efforts to save Kasekende, Mutebile Kampala, Uganda | HAGGAI MATSIKO | What would you say if you saw President Yoweri Museveni and embattled Bank of Uganda Governor Tumusiime Mutebile in a meeting at this time? What if that meeting, which in fact happened last week, …

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

The lender’s solid asset base, good brand recognition and a good team could stir revenue growth Kampala, Uganda | ISSAC KHISA | Dfcu Bank seem to have come to the end of its short golden run in the first half of this year with double digit drop in its net …