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Tag Archives: Banking

Afreximbank seeks to recruit 700 banks as agents

Kampala, Uganda | ISAAC KHISA |¬†Cairo-based African Export-Import Bank (Afreximbank) is seeking to recruit at least 700 commercial banks as agents across the continent to extend financial services to Small and Medium Enterprises (SMEs). Amr Kamel, the Bank‚Äôs Executive Vice President, Business Development and Corporate Banking, said the multi-lateral lender …

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Stanbic to open three more incubation centres

Kampala, Uganda | THE INDEPENDENT |¬†Stanbic Bank is set to open three more business incubation centres countrywide as it seeks to tap into investments in the oil and gas industry ahead of the production. Patrick Mweheire, the bank‚Äôs Chief Executive, said the lender will open the three training centres in …

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Uganda’s banking sector looks brighter

Kampala, Uganda | ISAAC KHISA | The country‚Äôs banking industry recorded a sluggish profit growth in 2017 but it projects a positive outlook a head. Fabian Kasi, the managing director of Centenary Bank spoke to The Independent‚Äôs Isaac Khisa about the industry‚Äôs growth prospects. Ashead of one of the country‚Äôs …

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Barclays profit surges in third quarter

London, United Kingdom | AFP |¬† British bank Barclays on Wednesday reported a 72-percent surge in quarterly net profits as strong performances by its retail and credit card divisions offset weakness at its investment unit. Profit after tax jumped to ¬£1.0 billion ($1.3 billion, 1.1 billion euros) in the three …

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S.Africa president denies ignoring fraud at failed bank

Johannesburg, South Africa | AFP |¬†South Africa’s President Cyril Ramaphosa on Monday denied accusations that he ignored widespread looting and financial misconduct at a major retail bank that collapsed weeks after he came into office. VBS Mutual gained notoriety in 2016 when it lent scandal-tainted former president Jacob Zuma $540,000 …

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UBA wins best social banking award for leo-chat banking

Kampala, Uganda | THE INDEPENDENT |¬†UBA Uganda has been crowned the winner of the Digital Impact Awards Africa (DIAA) Social Banking award for its ground breaking Innovation -LEO Chat banking, at an event held at Kampala Serena Hotel last week. The 2018 Digital Impact Awards (DIAA) themed Include Everyone recognized …

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