David Wandera, Absa Bank Uganda's Head of Markets during the release of the Absa Financial Markets Index (AFMI) in January 2020. In August 2020, Absa Bank Uganda launched NovoFX app that makes cross-border payments easy. Business Focus exclusively interviewed David Wandera, Absa Bank Uganda’s Head of Markets, about the benefits of
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Housing Finance Bank Uganda Managing Director, Michael Mugabi (L) and the AgenceFrançaise de Développement (AFD) country Director in Uganda, Hatem CHAKROUN after signing the agreements Housing Finance Bank Uganda Managing Director, Michael Mugabi and the AgenceFrançaise de Développement (AFD) country Director in Uganda, Hatem CHAKROUN, have signed two financing agreements
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Kenya's doctors' union has issued a 21-day strike notice to the government after losing 10 members to the coronavirus in the last four days. The doctors accuse the government of exposing them to Covid-19. Four doctors died last Friday alone, although it is unclear if they had contact with coronavirus
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Independent Presidential Candidate, Joseph Kiiza Kabuleta (pictured) has said his government will not allow any idle land without being used for agriculture should he be voted as Uganda’s next President. Kabuleta was speaking during a radio talk show in Paidha to push his financial liberation campaigns in West Nile.
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By Ben Ssebuguzi One of the online news sites, CEO magazine, carried a big headline: "BoU purported liquidation of Crane bank is illegal,". This is not the first time Bank of Uganda (BoU) is seen in an apparent battle with Ugandan investors. There are a number of other cases including;
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The conflict has forced thousands of civilians to cross the border into Sudan Forces in Ethiopia's northern Tigray region have fired rockets at airports in a neighbouring state, as their conflict with the government grows. The Tigray People's Liberation Front (TPLF), which controls Tigray, said it had targeted the two
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Tycoon Sudhir Ruparelia Details have emerged why the Bank of Uganda on Friday November 13, 2020 announced that it had placed Crane Bank Limited (CBL) in receivership under liquidation and ordered the winding up of its affairs. Winding up is the process where a company ceases operations, with liquidation being
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Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile Bank of Uganda (BoU)’s plans to liquidate Crane Bank Limited (CBL) in receivership are illegal and could cost taxpayers more money, should it go ahead, several lawyers have said. Yesterday, the Central Bank put an announcement on its social media channels, purporting
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Equity Group Managing Director and CEO Dr James Mwangi Equity Group profit declined 13.9 per cent to KSh15 billion in the nine months to September from KSh17.4 billion last year after the lender increased its loan book provision 11-fold. The lender’s loan loss provision jumped from KSh1.3 billion to KSh14.3
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Over 100 girls are set to benefit from an outreach organized by Birungi Charities a Non-profit organization involved in social advocacy through PadThruCovid campaign that was launched during the Covid-19 lockdown. The campaign seeks to boost menstrual hygiene of under privileged girls around the country. So far, the campaign has
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