PostBank donates cows and goats to the Muslim Community through their Arua, Mbale, Bombo, and Fort Portal branches. Bombo, Uganda | THE INDEPENDENT | PostBank Uganda has today shared Eid Al-Adha joy with the Muslim community across different regions where the bank has a branch, in recognition of the upcoming …
Read More »PostBank’s agribusiness loan book growth up 24%
Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has recorded a 24% growth in its agribusiness loan book between 2023 and 2024, reflecting the bank’s robust commitment to transforming Uganda’s agricultural sector. “This growth is a testament to the success of PostBank’s strategic shift toward value chain financing and risk …
Read More »Teresa Ministries receive Early Easter package from PostBank Uganda
Kampala, Uganda | THE INDEPENDENT | It has been all celebrations and joy at Teresa Ministries this week after PostBank Uganda visited last week ahead of Easter, carrying items to support the home, including baby formula, diapers, milk, sugar, porridge, soap, and rice. Teresa Ministries is a non-profit organization that …
Read More »Procurement as a strategic function unlocks its full value
OPINION | Kenneth Kawuki | The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organizations. It is key to note that the procurement function in companies accounts for about 60% of the approved organizational budgets. Previously, the procurement …
Read More »Postbank Uganda reassures country after counterfeit cash incident
Mbale, Uganda | THE INDEPENDENT | After PostBank (PBU) confirmed that the bank’s internal control mechanism had discovered counterfeit notes worth sh500million in Mbale branch, Uganda Police has arrested implicated staff, and where there were lapses in oversight of the branch operations, the bank has suspended the responsible staff pending …
Read More »PostBank Uganda and MTN MoMo launch XtraCash
This innovative solution aims to address the growing demand for accessible credit, particularly for underserved and unbanked communities Kampala, Uganda | THE INDEPENDENT | PostBank Uganda and MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro-lending solution to extend short-term facilities to MTN mobile money subscribers. This …
Read More »PostBank to disburse government COVID-19 relief funds
PostBank Uganda has been appointed to disburse the government COVID-19 relief funds to the select Ugandans heavily impacted by the pandemic Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has been appointed to disburse the government COVID-19 relief funds to the select Ugandans impacted by the pandemic and the ongoing lockdown, …
Read More »BOU defends performance of Agriculture Credit Facility
Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Deputy Governor Dr Louis Kasekende has dispelled claims that the Agriculture Credit Facility (ACF) administered by the central bank was nonfunctional, saying there are success stories to speak for it. Kasekende was speaking at the ten-year anniversary of the facility …
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