Johannesburg, South Africa | THE INDEPENDENT | Barclays Africa Group Ltd shareholders have approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time. The group name change will not affect …
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Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …
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Kampala, Uganda | THE INDEPENDENT | Customers of Standard Chartered Bank are experiencing new service of a full-fledged digital bank recently opened in Ntinda, a Kampala suburb. The Bank’s Managing Director, Albert Saltson, said the new digital branch, located at the Vivo Energy Petro Service Station and fully equipped with digital …
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Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent magazine.. COVER STORY Museveni looks for new BoU governor: IMF’s Ating Ego, Kasekende, Muhakanizi, Kizza in race. HEALTH Cuban doctor controversy: Does Uganda Medical Union, NOTU, understand what they are fighting? THE LAST WORD Understanding why …
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Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …
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Centenary becomes third bank to unveil micro-loans to customers via mobile phones Kampala, Uganda | ISAAC KHISA | Despite talk that micro-loans may not create a big impact on the economy, the scramble for a share of the small loans business by Uganda’s banking industry continues to gain momentum. Centenary Bank …
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Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …
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DFCU DEAL: Taxpayer stands to lose Shs300bn Kampala, Uganda | HAGGAI MATSIKO | When Juma Kisaame; the Managing Director of DFCU Bank, looks at its latest financial results, he might have reason to smile and to worry. The bank’s latest financial results have excited shareholders but are also …
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It has lent out US$3.4bn and employed 2500 permanent staff Kampala, Uganda | JULIUS BUSINGE | Commercial Banks all over the world are portrayed as profit oriented and only work with customers they think have firm foundations to meet credit obligations. But the Standard Chartered Bank’s recently released independent study …
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Abuja, Nigeria | AFP | The Nigerian central bank’s Monetary Policy Committee will hold its first meeting this year on Wednesday after a political standoff between the executive and the senate prevented a quorum for months. Experts predict that the committee will hold rates at a record high of 14 …
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The Independent Uganda: You get the Truth we Pay the Price
