Kampala, Uganda | THE INDEPENDENT | James Onyutta, Managing Director, of FINCA Uganda, gathering data about customer preferences, market trends, and industry dynamics, can help businesses make decisions based on facts rather than assumptions or intuition. “Using research has opened our eyes to many opportunities and helped us solve numerous business …
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Filling the Digital Banking Puzzle Couldn’t Be More Interesting COMMENT | PRISCILLA AKORA | As the famous saying goes, “a journey of 1,000 miles begins with one step”. Well, the banking sector has had an interesting one. The banking sector has had to traverse miles to finally reach the digital banking …
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Kampala, Uganda | THE INDEPENDENT | Ugandans hoping to live under their roof have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign dubbed “Oli Sorted” launched May 23. The 90-day campaign which targets the back-to-school season also enabled parents to borrow …
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Kampala, Uganda | THE INDEPENDENT | On May 24, NCBA Bank Uganda opened a new branch in the Namanve Industrial Business Park. Developed by the Uganda Investment Authority, Namanve Industrial Business Park is a thriving hub for manufacturers and home to some of the largest manufacturing firms including Coca-Cola and Rwenzori …
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Nonsensical analysis, impenetrable jargon, fallacious arguments, and use of inappropriate mathematical models COMMENT | ANAT R. ADMATI | In December, the CEOs of the eight largest banks in the United States participated in a three-hour posturing session before the Senate Banking Committee. It was a disheartening display that showcased the toxic …
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• Growth in revenue by Sh64bn • Sh146 billion in profit after tax • 12.9% growth in net customer loans standing at Sh1.76 trillion • 16.3% growth in customer deposits to Sh2.45 trillion Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has reported a growth in revenue by Sh64 …
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Kampala, Uganda | THE INDEPENDENT | KCB Bank customers can now access loans of up to Shs250 million without collateral like land titles or car logbooks, to meet their personal finance and business needs. The loans, which have a repayment period of up to 84 months, come with interest rates of …
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Kampala, Uganda | THE INDEPENDENT | United Bank for Africa’s (UBA) Uganda subsidiary has denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …
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Kampala, Uganda | THE INDEPENDENT | Standard Bank has been ranked as the most valuable banking brand in Africa in 2024. This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands. The bank also …
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Kampala, Uganda | JULIUS BUSINGE | On Feb.22, NCBA Bank unveiled its revamped Premier Banking offering, targeting premier banking customers, prospects, and high-value stakeholders. The key features of the enhanced offering include extended banking hours at select branches, allowing customers to enjoy greater convenience. Additionally, customers now have access to online …
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