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Tag Archives: Banking

Fitch Assigns UDB Long-term Rating of ‘AAA

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has been assigned a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale. Assigned by Fitch Ratings, a world-renowned international credit rating agency, the Bank was also assigned a Long-Term Issuer Default Rating (IDR) …

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UDB’s Patricia Ojangole wins sustainability award

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all …

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Five African multinational commercial banking groups embrace PAPSS payment platform

The adoption of PAPSS’s cutting-edge settlement model will streamline operations and empower businesses across Africa Kampala, Uganda | THE INDEPENDENT | Five African multinational commercial banking groups including KCB Group, Standard Bank Group, UBA Group, Ecobank Group and Access Bank Group have signed a Memorandum of Understanding with Afreximbank’s Pan-African Payment …

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Law Society raises concerns over Islamic Banking

Kampala, Uganda | THE INDEPENDENT | The Uganda Law Society called for careful consideration and further deliberation before enacting laws related to Islamic Banking in Uganda. Expressing concerns over potential ramifications, society emphasised the importance of addressing various legal and practical challenges associated with the proposed legislation. During an appearance before …

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