Masaka, Uganda | THE INDEPENDENT | The lack of proper knowledge, coupled with customer resistance and misconceptions, has been blamed for the slow adoption of Environmental, Social, and Governance (ESG) principles in lending practices among microfinance institutions in the Masaka region. The ESG framework, adopted in 2022 by United Nations …
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Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund (DPF) is considering reviews to enhance its operational mandate of providing statutory protection to account holders in commercial banks. The reviews seek to increase the fund’s protection limit for depositors with account balances over 10 million shillings in commercial …
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Embracing these technologies and rethinking traditional approaches, banks can not only navigate the challenges of today but also seize the opportunities of tomorrow ANALYSIS | PATRICK ADENGO | When you imagine Artificial Intelligence (AI) in banking, do you envision robots managing your transactions or smart systems navigating complex financial decisions? Or …
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Ugandan lender sets sights on profitability top-tier as rivals Stanbic and Bank of Baroda stay ahead—for now Kampala, Uganda | THE INDEPENDENT | In a banking sector still feeling the effects of cautious post-pandemic recovery and tighter monetary conditions, dfcu Bank has delivered a notable performance that signals a shift …
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Equity Bank Uganda and FITSPA Strengthen Digital Financial Inclusion through Fintech Collaboration Kampala, Uganda | THE INDEPENDENT | Gift Shoko, Managing Director of Equity Bank Uganda, has re-affirmed that the future of banking is not just about banks but more about strategic partnerships and shared infrastructure with FinTechs to provide seamless …
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Kampala, Uganda | THE INDEPENDENT | dfcu Bank has announced the appointment of Hope Lorna Nakhayenze as its new Chief Risk Officer, effective 1st March 2025. The Bank stated that in this role, she would be responsible for overseeing risk management under the direction of the Board Risk Committee. …
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Nebbi, Uganda | THE INDEPENDENT | After working for nearly three years as a banker at Uganda Women Trust Bank, Grace Kwach Kermundu decided to leave the banking sector and pursue agriculture as a business. Grace started her farming journey as a joke in 2011, with just 4 acres of …
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Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has launched the ‘Move Like A Don’ salary loan campaign aimed at alleviating financial pressures and empower customers in 2025. The ‘Move Like A Don’ campaign will run for 120 days, offering customers an opportunity to access unsecured salary loans of up …
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Female-led firms are demonstrating their creditworthiness with little or no collateral, as development financiers and commercial lenders start to increase their support for women entrepreneurs through gender strategies, custom bank accounts with accessible requirements, and empowerment programs. SPECIAL REPORT | BIRD AGENCY | Africa has the highest proportion of women …
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Equity Bank’s Managing Director off to Dubai to engage and serve customers Dubai, UAE | THE INDEPENDENT | Equity Bank Uganda will crown two weeks of close interaction with customers in Dubai with a visit Friday of their Managing Director Anthony Kituuka. Kituuka’s visit will start with a keynote address …
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The Independent Uganda: You get the Truth we Pay the Price
