Tag Archives: Banking

Amuru, Uganda | THE INDEPENDENT | The absence of banking services continues to frustrate the growth of businesses in Elegu township, the main point of entry to South Sudan through Amuru district. The town council has a population of 17,000 people with more than 500 of them engaged in cross-border trade. …

  London, UK | THE INDEPENDENT | The Minister of Security Maj. Gen Jim Muhwezi is the Ugandan minister cited in the Pandora Papers as having secret offshore properties. On Monday, the International Consortium of Investigative Journalists-ICIJ released the now-famous Pandora Papers where it reviewed more than 11 million documents …

Kampala, Uganda | THE INDEPENDENT | The Managing Director of Absa Bank Uganda, Mumba Kalifungwa has called for creativity of purpose driven innovations to enhance equitable service delivery for sustainable growth in the banking sector. Mumba said this at the recently held 12th Edition of the Annual CEO Forum 2021, held …

Kampala, Uganda | THE INDEPENDENT | FlyHub Uganda Limited, a subsidiary of Stanbic Bank Uganda Holdings Limited (SBUL) has announced the appointment of Joel Muhumuza as its first Chief Executive Officer. FlyHub is a newly created FinTech company and one of four subsidiaries under SBUL, the others being, SBG Securities, …

  BOU Governor Tumusiime Mutebile (left) and former Cranes Bank boss Sudhir Ruparelia (right). Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take notice that the appellant does not intend …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda will keep reviewing the operating conditions of the financial technology companies-Fintech, which have termed the recently introduced regulations for the sector as unfavourable. Fintech is the technology and innovation that aims to compete with traditional financial methods in the delivery of …

Growth in profit after tax of 98% ($163.5 million) Total Assets growth of 50% Growth in Deposits of 51% ($7.4 billion) Growth in Net Loans of 29% ($4.6billion) Nairobi, Kenya | THE INDEPENDENT |  Equity Group Holdings Plc has announced a 98% growth in half year profits to $163.5 million (Kshs.17.9 …

  Nairobi, Kenya | THE INDEPENDENT |  Equity has been named the Best Regional Bank in East Africa at the 2021 African Banker Awards. According to a statement, the award was conferred to the bank for its strong and consistent financial performance, its role in leading the disruption of Fintech …

  Kampala, Uganda | THE INDEPENDENT | New and emerging financial technologies offer opportunities and risks to the banking sector, making it necessary for financial institutions to re-engineer their business models, Bank of Uganda governor said on Tuesday. The digital revolution has offered opportunities for financial inclusion and a wider suite …

The conference will focus on strengthening capacity to thrive in the 4th industrial revolution Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) is set to hold the 4th Annual Bankers Conference on the July 26-27, under the theme: Bend but don’t break: How the financial sector can thrive in …