Cooperative banks worldwide were financed by cooperatives societies Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …
Read More »NSSF, Equity Bank boost UBTS with blood donation drive
Kampala, Uganda | THE INDEPENDENT | The Uganda Blood Transfusion Service (UBTS) has received a huge boost after the National Social Security Fund in partnership with Equity Bank unveiled a week long blood donation drive on Jan.08. The initiative is expected to collect at least 4,500 units, according to the NSSF …
Read More »Centenary Bank signs deal with WorldRemit
Kampala, Uganda | THE INDEPENDENT | Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit. Fabian Kasi, the managing director of Centenary Bank said the new partnership re-affirms the lender’s commitment to …
Read More »Kasekende, Bagyenda, Mutebile fight isn’t helpful
Saving Bank of Uganda: Why Kasekende, Bagyenda, Mutebile fight isn’t helpful Kampala, Uganda | HAGGAI MATSIKO | Bank of Uganda (BoU) is under fire as its top managers; Governor Tumusiime Mutebile, the Deputy Governor Louis Kasekende, and the Director Supervision Justine Bagyenda, fight each other amidst accusations of incompetence and abuse …
Read More »BOU LECTURE: Is it time for state protection of industries?
But should Dr. Ha – Joon Chang’s push for more state intervention in the economy be the future? Kampala, Uganda | JULIUS BUSINGE | The guest speaker at the Bank of Uganda’s flagship annual lecture series; the Joseph Mubiru Memorial Lecture, is usually a distinguished individual in the field of finance, …
Read More »Stanbic Bank cuts interest rates
Kampala, Uganda | THE INDEPENDENT | In response to the October monetary policy statement by the Bank of Uganda and the decision to reduce the Central Bank Rate by 0.5 percentage points to 9.5 %, Stanbic Bank has matched the Central Bank’s rate cut by reducing its Prime Lending Rate from …
Read More »JOBS: Clerks, Currency Department BOU
JOBS: Clerks (technicians) Currency department BOU Kampala, Uganda | THE INDEPENDENT | Applications are invited from qualified Ugandans to fill 4 vacant positions in the Currency Department, Bank of Uganda. Advertisement of Vacant Positions in Bank of Uganda by The Independent Magazine on Scribd Share on: WhatsApp
Read More »India central bank holds rates, cuts growth outlook amid slowdown
Mumbai, India | AFP | India’s central bank held interest rates at a seven-year-low on Wednesday as it downgraded growth forecasts for Asia’s third largest economy amid a slowdown following recent high-profile reforms. The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends …
Read More »VIDEO: Albert Saltson is new Standard Chartered bank boss
Albert Saltson has been appointed the new Chief Executive Officer (CEO)/ Managing Director of Standard Chartered Bank Uganda. The Ghanaian has been urged to put energies on fighting the rising cases of money laundering that threat the bank’s profitability and the Ugandan economy. Share on: WhatsApp
Read More »IMF warns central banks could lose deflation fight
Washington, United States | AFP | The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …
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