Tuesday , May 26 2020
Home / Tag Archives: Banking

Tag Archives: Banking

E-commerce startup banks on robotics, AI to win consumers

Washington, United States | AFP | Robots will do the shopping at a US startup which is banking on fully automated warehouses for groceries and other merchandise at a time when the pandemic has made workplace safety a key concern. The new Home Delivery Service aims to create a “touchless” and …

Read More »

Ease capital requirements for banks

  Why government must support the banking sector to keep credit flowing to stimulate economic growth COMMENT | SIMON MUTUNGI | Following the 2008 Global Financial Crisis, many banks collapsed worldwide while others had to plow through public funds in the form of government bailouts in order to survive. To …

Read More »

Centenary Bank gets US$10 million for SME lending

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund worth US$10million to fund SMEs in Uganda. The 5-year partnership aims to unlock financing intended to facilitate the promotion and growth and development of Small and Medium sized Enterprises. Fabian …

Read More »

Foreign banks can now set up wholly-owned branches in China

China starts lifting restrictions on foreign investment Beijing, China | AFP |  China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From the start of …

Read More »

New kids in banking

  Industry experts foresee a competitive, innovative and technology driven sector   Kampala, Uganda | JULIUS BUSINGE | Rivalry in Uganda’s banking sector is expected to tighten following the central bank’s decision to grant two entities licenses to start banking business. These are Afriland First Bank Uganda Limited, a Cameroonian …

Read More »

Afreximbank holds mid-term review of strategic plan in Kampala

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) today concludes a three-day retreat in Kampala, Uganda for the mid-term review of its Fifth Strategic Plan dubbed IMPACT 2021: Africa Transformed. Afreximbank operates on five-year strategic plans. The current strategic plan, which is the Bank’s fifth, covers the …

Read More »

Mukwano empire founder Amirali Karmali dead

Kampala, Uganda | THE INDEPENDENT |  Amirali Karmali, the proprietor of Mukwano Industries Uganda Limited is dead. The entrepreneur died quietly on Wednesday evening in Fort portal, according to reports.  Karmali, born in the 1930s is the father to Alykhan Karmali, who is currently running the family business empire that spans …

Read More »

Calls for Islamic Banking dominates Eid

Kampala, Uganda | THE INDEPENDENT | The call to operationalize Islamic Banking dominated Eid al Fitr prayers at Kibuli Mosque on Tuesday. Islamic banking is a system based on the Islamic economic guidelines in as far as the Sharia law is concerned. Under this system, the banks make profits through …

Read More »