Tag Archives: Financial

EAC has finally sanctioned the creation of an East African Financial Services Commission, but the process of achieving regional monetary union is running way behind schedule Kampala, Uganda | Neil Ford | The East African Legislative Assembly (EALA) in December last year passed a bill establishing the East African Financial Services Commission …

Kampala, Uganda | THE INDEPENDENT | As the economy continues to grapple with high inflationary pressures and challenges related to global economic and political turmoil, financial sector players are unveiling plans for customers to remain afloat hoping that the situation will normalize. On January 12, Stanbic Bank unveiled ‘a financial relief …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda Limited is currently offering a vast array of financial packages that will immensely be pivotal in helping Ugandans kick-start a new year on a strong financial stand. The impressive packages will bolster investment capabilities for Ugandan entrepreneurs, especially its customers which is …

High transactional costs hampering growth in financial inclusion in Uganda Kampala, Uganda | THE INDEPENDENT | New developments in the financial sector have forced a rethink of how the sector should be developed to ensure it helps build a thriving economy that works for every Ugandan, according to Moses Kagwa, the …

  Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BoU) has licensed two more financial solutions under the Sandbox regulatory framework, as it implements laws aimed at promoting financial inclusion and safety. A regulatory sandbox is a framework set up by a financial sector regulator to allow small-scale, live …

London, United Kingdom | AFP | Real Madrid have knocked Manchester United off the top of Deloitte’s Football Money League, but the Premier League still flexed its financial muscle, with all of England’s ‘Big Six’ featuring in the top 10 for the first time. The Deloitte list ranked clubs on how …

Kampala, Uganda | THE INDEPENDENT | Commercial banks have recorded a mixed bag of fortunes over the last one year, according to financial reports released today. The financial results released today show a decline in profits for some banks and microfinance deposit-taking institutions and losses for others. Banks that reported losses …

By Mwesigwa Herbert Greater collaboration between telecom companies and financial institutions needed There is a statistic that is so compelling it cannot be missed when it comes to the growth and usage of mobile phones especially in Uganda. In 2003, they were less than two million people with a mobile …

By Simon Zadek Investors need to be motivated to assume responsibility for their investments’ environmental impact Trillions of dollars in “green finance” – that is, low-carbon, resource-efficient investment – are needed annually to prevent climate change and natural constraints from stalling the global economy and threatening the livelihoods of billions …

By Martin Neil Baily and Susan Lund The trend is leading to fragmented global financial systems, with countries relying on domestic capital For three decades, financial globalisation had seemed inevitable. New information technologies made it possible to conduct transactions halfway around the world in the blink of an eye. Savers …