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Tag Archives: Banking

FlyHub picks Muhumuza as first CEO

Kampala, Uganda | THE INDEPENDENT | FlyHub Uganda Limited, a subsidiary of Stanbic Bank Uganda Holdings Limited (SBUL) has announced the appointment of Joel Muhumuza as its first Chief Executive Officer. FlyHub is a newly created FinTech company and one of four subsidiaries under SBUL, the others being, SBG Securities, …

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BOU withdraws appeal against Sudhir

  BOU Governor Tumusiime Mutebile (left) and former Cranes Bank boss Sudhir Ruparelia (right). Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take notice that the appellant does not intend …

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Financial sector, BoU agree on fair play to develop technology

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda will keep reviewing the operating conditions of the financial technology companies-Fintech, which have termed the recently introduced regulations for the sector as unfavourable. Fintech is the technology and innovation that aims to compete with traditional financial methods in the delivery of …

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$163 MILLION: Equity hits 99% in half year profits

Growth in profit after tax of 98% ($163.5 million) Total Assets growth of 50% Growth in Deposits of 51% ($7.4 billion) Growth in Net Loans of 29% ($4.6billion) Nairobi, Kenya | THE INDEPENDENT |  Equity Group Holdings Plc has announced a 98% growth in half year profits to $163.5 million (Kshs.17.9 …

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New technologies offer mixed bag to banking industry – Mutebile

  Kampala, Uganda | THE INDEPENDENT | New and emerging financial technologies offer opportunities and risks to the banking sector, making it necessary for financial institutions to re-engineer their business models, Bank of Uganda governor said on Tuesday. The digital revolution has offered opportunities for financial inclusion and a wider suite …

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Uganda’s Annual Bankers Conference slated for July 26-27

The conference will focus on strengthening capacity to thrive in the 4th industrial revolution Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) is set to hold the 4th Annual Bankers Conference on the July 26-27, under the theme: Bend but don’t break: How the financial sector can thrive in …

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Othieno Mayende is new Chairman of KCB Bank Uganda

  Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda Limited has appointed Constant Othieno Mayende its chairman Board of Directors. Othieno Mayende will replace Aga Sekalala Jr, whose term recently came to an end. Othieno Mayende has over 23 years’ experience in banking, strategy formulation, business development, financial management, …

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