Kenyan banks are aggressively going after high-profile clients, including giant corporations and prominent billionaires, amid a fresh wave of corporate defaults that are leaving lenders with a pile-up of bad loans. Ecobank is the latest to tap the services of auctioneers as it moves to sell properties belonging to Kenyan
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L-R: Andrew Kabeera (Executive Director, PostBank), Japhet Aritho (Managing Director, Airtel Money), Edward Nkangi (Executive Director, Pride Microfinance), Hon. Kabuye Kyofatogabye (Minister of State for Kampala Capital City and Metropolitan Affairs), Micheal Mugabi (Managing Director, Housing Finance Bank) and Julius Kakeeto (Chief Executive Officer, PostBank) at the launch of the
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Government officials and representatives from different entities poses for a picture during the launch of the Uganda-South Africa Trade and Investment Summit dfcu Bank has been unveiled as one of the key strategic partners of the Uganda-South Africa Trade and Investment Summit which will take place in September at Speke Resort Munyonyo. The
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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 that will form the discussions at
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Sandra Kaggwa, dfcu Bank’s Manager - Asset Finance Under its ‘Reach for More’ thematic campaign, dfcu Bank has unveiled a 5-month-long Asset Financing Campaign designed to offer financing for movable assets for its customers in Corporate, Personal & Business Banking Segments. The Bank has a long history of providing Asset
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Dr. Gudula Naiga Basaza, the chairperson of dfcu Bank's Women in Business Advisory Council (WBAC) In an exclusive Q&A session, we had the privilege to sit down with Dr. Gudula Naiga Basaza, the chairperson of dfcu Bank's Women in Business Advisory Council (WBAC). This week marked the commissioning of the
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Charles Mudiwa, dfcu Bank CEO & Karim Boven, the ADC patron, & Ambassador of the Kingdom of Netherlands pose for a picture with one of the graduates At a momentous event held on Friday, 36 Agribusiness entrepreneurs celebrated their graduation from the 2nd and 3rd cohorts of the Business Accelerator
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More financial institutions are coping with the new regulations that were introduced to strengthen the sector. These include the increase in the minimum working capital requirements for commercial banks from 25 to 120 billion Shillings by December 2022 and 150 billion Shillings by June 2024. Through the Financial Institutions (Revision
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dfcu Bank Management team poses for a picture with the New WBAC members during the Meet & Greet at Golden Tulip Hotel dfcu Bank has announced the appointment of its Women in Business Advisory Council (WBAC) with a new chairperson and two Council esteemed members. The council will continue to play a
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A customer receives money from a teller/Courtesy photo Commercial banks have increased interest rates further on a tight monetary policy. According to Ministry of Finance’s Performance of The Economy Monthly Report for June 2023, the weighted average lending rate for Shilling-denominated credit increased to 20.14 percent in May 2023 from 19.27 percent in
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