Tag Archives: Banking

New York, United States | AFP |  Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expected before Monday’s trading …

The Bank of Uganda has with effect from today taken over management of Crane Bank Limited. According to a statement, the action has been taken upon the determination by the Bank of Uganda that Crane Bank Limited is significantly under-capitalised. BOU has appointed a statutory manager, Edward Katimbo Mugwanya,  to …

Members of the Parliamentary Committee on the National Economy want the banking industry to do something about the sky-high lending rates. The MPs made the appeal at a meeting with the Uganda Bankers Association in Kampala on Oct.03. The MPs organised the meeting to understand why interest rates in Uganda …

ANALYSIS: By Dr. Geoffrey A Onegi-Obel The way forward on the Uganda interest rate and middle income economy policy conundrum –  The first point to note is that the Interest Rate is the key price in any economy. As a Pricing Signal, it therefore requires careful management by the Monetary and …

Dakar, Senegal | AFP | When farmer Isaac Tondo fell on lean times in Liberia’s long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87) to his Lonestar mobile money account, ensuring his children’s school fees would still be paid. Across Africa more and more people — …

There were ripples in the financial services sector recently when reports emerged that Crane Bank is in negotiations with a buyer. This is the second biggest indigenous bank and the country’s fourth largest bank by assets. ‘It’s owner and founder, Sudhir Ruparelia, is arguably the region’s richest man. Why would …

The Uganda Bankers Association has appointed Wilbrod Humphreys Owor as it new executive director. He takes over from Emmanuel Kikoni who has steered the association over the last 16 years. Owor, formerly the managing director of United Bank of Africa-Uganda, comes with 25 years of working experience spanning across key …

DFCU Bank shareholders are hopeful that 2016 will be good following the release of their company’s half year 2016 un-audited financial statements, which have indicated a Shs 9.6 billion increase in profit compared to the same period last year. According to the financial performance for the first half of the …

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

What anniversary year  says about the state of the monetary policy signal COMMENT: Geoffrey A Onegi-Obel   The Bank of Uganda on August 2 and 3 capped a series of celebratory Golden Jubilee activities with the annual Joseph Mubiru Memorial Lecture and an Anniversary Day with President Yoweri Museveni as the …