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Tag Archives: Banking

UBA plan for youth, women

Kampala, Uganda | THE INDEPENDENT | United Bank for Africa (UBA) Group plans to invest in women and youth initiatives across Africa to aid their growth. During the virtual celebration of Africa Day under the theme “Innovating the Continent for growth”, UBA Group Managing Director, Oliver Alawuba said the bank is …

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AfDB to help de-risk climate finance in Africa

Kampala, Uganda | THE INDEPENDENT | Africa contributes the least – less than 3% to global warming, yet the continent is the most vulnerable to climate risks. To build resilience against climate change, the countries have outlined tangible ambitions for green growth, including plans to increase climate investment. Amid dwindling climate …

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dfcu bank eases account opening

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has launched its new digital account, “Digito ku Spot’, which supports self-onboarding allowing customers to have an elevated account opening experience. This innovative account is specifically designed to provide customers with quick and easy access to financial services, with the added convenience of …

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PostBank records Shs15.1bn profit after tax

Kampala, Uganda | THE INDEPENDENT | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …

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The simplest fix for banking

Monetary authorities could introduce a digital currency to make the payments system more fluid COMMENT | Jan Eeckhout | Last year, the Nobel Prize in Economics went to two economists who study the dynamics of bank runs, as well as to former U.S. Federal Reserve Chair Ben Bernanke for his work analyzing …

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Equity ranked 3rd strongest bank in Africa

Nairobi, Kenya | THE INDEPENDENT |  Equity Group, East and Central Africa’s largest financial institution, has enhanced  its position as one of the strongest banking brands globally by scoring highly, in the 2023 Brand Finance’s Brand Strength and Brand Value rankings. In its second consecutive appearance in the Brand Finance …

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Stanbic maintains bancassurance market lead in 2022

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has continued to dominate the insurance sector with a market share of 19.38% in 2022, generating total Gross Written Premiums of Shs27.6 billion out of the industry figure of Shs143bn. At one percent, insurance penetration in Uganda remains low, but products like …

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