Kampala, Uganda | THE INDEPENDENT | United Bank for Africa’s (UBA) Uganda subsidiary has denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …
Read More »BOU: Uganda financial sector robust, to survive World Bank blacklist
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …
Read More »Safety, cost concerns still limiting uptake of mobile banking by Ugandans
Kampala, Uganda | THE INDEPENDENT | More Ugandans subscribing to mobile banking are using the platforms to withdraw money from their bank accounts, than those using them to deposit, according to the service providers. This is one of the findings and developments in the banking and financial technology (Fintech) industries …
Read More »UBA members visit Raxio data centre
Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) members made an exploratory visit to Raxio’ state-of-the-art data centre in Namanve Business Industrial Park on July 26 The visit aimed to delve into the advanced technology and infrastructure underpinning the seamless and secure banking services offered to customers nationwide. …
Read More »VISA and Uganda Bankers Association partner to accelerate contactless payments in Uganda
Kampala, Uganda | PATRICIA AKANKWATSA | VISA, a global leader in digital payments, has joined forces with the Uganda Bankers Association (UBA) to spearhead an innovative training program aimed at accelerating the growth of contactless payments in Uganda. With a shared vision of advancing financial inclusion and promoting secure, convenient payment …
Read More »UBA plan for youth, women
Kampala, Uganda | THE INDEPENDENT | United Bank for Africa (UBA) Group plans to invest in women and youth initiatives across Africa to aid their growth. During the virtual celebration of Africa Day under the theme “Innovating the Continent for growth”, UBA Group Managing Director, Oliver Alawuba said the bank is …
Read More »United Bank for Africa supports FortPortal School
Kampala, Uganda | THE INDEPENDENT | On March 15, United Bank for Africa (UBA) Uganda provided more than 500 literature books and other items to Fort Portal Senior Secondary School through UBA Foundation which is its Corporate Social Responsibility arm with an initiative ‘’Read Africa’’. This is one way the Bank …
Read More »COVID-19 rescue facility for MSMEs performing miserably
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …
Read More »United Bank of Africa chief executive visits Uganda
Kampala, Uganda | THE INDEPENDENT | The United Bank of Africa Group Chief Executive Officer Oliver Alawuba has described Uganda as one of the most dynamic and transformative market that the lender continues to support. Speaking to journbalists on Nov.18, Alawuba said, “Many companies are now laser-focused on transformation – …
Read More »UBA Group opens banking operations in Dubai.
The branch will facilitate the financing of trade and investment transactions between the Middle East and Africa | THE INDEPENDENT | United Bank for Africa Group has extended its operations to the United Arab Emirates with the official opening of its new branch at the Dubai International Financial Centre (DIFC). …
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