Tag Archives: DTB

Kampala, Uganda | THE INDEPENDENT | Chaos unfolded at the Supreme Court in Kampala Thursday morning as businessman Hamis Kiggundu demanded to be heard in his pending application in a case in which, he seeks to recover Shillings 120 billion from Diamond Trust Bank (DTB) Uganda and Kenya. Kiggundu’s lawyers, …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court Registrar has summoned lawyers from 17 law firms for a pre-hearing conference scheduled to commence on Thursday. The conference, presided over by Lady Justice Elizabeth Musoke, aims to address legal matters and establish the framework for arguments and submission timelines in …

  Kampala, Uganda | THE INDEPENDENT | Muslims dwelling in Kampala city have received an Iftar food package to celebrate Eid as they end the Ramathan season, thanks to Diamond Trust Bank. The food items include sugar, rice, cooking oil and more. The amount spent by the Bank on the …

BoU raised policy rate for a third straight time in a row signaling boost to interest rates | THE INDEPENDENT | Dfcu and DTB have recorded a surprise profit for the first six months of the year but the uncertainty remains ahead due to the prevailing tough economic times. Dfcu …

What it means for clients and banking sector  Kampala, Uganda | JULIUS BUSINGE | Kenya’s I&M Bank has completed the majority acquisition of Orient Bank Ltd from 8 miles LLP and Morka Holdings Limited, executives said on April.30. The Kenyan lender follows the footsteps of DTB, KCB, Equity and NCBA …

Kampala, Uganda | THE INDEPENDENT |  Diamond Trust Bank Uganda and DTB Kenya have asked the Court of Appeal to set aside the decision of the Commercial Court directing them to refund more than  120 billion shillings to businessman Hamis Kiggundu or send  back the case file to High Court for …

My humble opinion it that just as the decision was on the face of it legally sound, the court decision was also economically sound COMMENT | James Muhindo | In order for one to understand the rationale behind the court decision in the Hamis Kiggundu Versus Diamond Trust Bank Uganda & …

Experts warn of dire consequences for the private sector, government in relation to access to capital Kampala, Uganda | RONALD MUSOKE | Capital inflow in form of loans is big business in Uganda. In both the private and public sectors, loans secured from foreign investors boost service delivery, improve people’s …

Kampala, Uganda |  THE INDEPENDENT |   Money lenders in Uganda have petitioned the East African Court of Justice asking them to quash a recent commercial Court decision in a case involving businessman Hamis Kiggundu and Diamond Trust Bank Uganda and Kenya. The lenders under their umbrella, Money Lenders Union Limited …

Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …