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BankingNews

Banks Make Losses As Innovators, Top CEOs Fight For Ownership Of Agent Banking Platform

The recent mishap in the on-line Banking software have raised more questions than answers regarding the true ownership of the banking software. Sources within the banking industry say that several banks recently experienced issues in the agency/mobile banking platform, whereby those who had taken loans using their mobile banking app

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News

NSSF Earns Shs1.8Trillion In Income As Assets Hit Shs15.5Trillion

Barbra Teddy Arimi, NSSF's Head of Marketing & Communications and Richard Byarugaba, the NSSF MD during the media briefing The National Social Security Fund (NSSF) comprehensive income for the 2020/21 Financial Year increased by 25% from UGX 1.472 Trillion to   UGX 1.84 Trillion, despite the effects of the COVID-19 pandemic, Managing Director Richard Byarugaba announced today.  Addressing the media at the

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HealthInternational News

Egypt To Begin Vaccine Supply To African Nations Within 2 Months

Laboratory workers supervise the production of the Sinovac vaccine, produced by Vacsera, in Cairo. Photographer: Khaled Desouki/AFP/Getty Images Egypt will start shipping locally-made Covid-19 vaccines to other African nations in the next month and a half, Health Minister Hala Zayed said Thursday. Addressing reporters in the capital, Cairo, she didn’t give further details

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Banking

Absa Group To Implement Second Significant Broad-Based Black Economic Empowerment Transaction

Jason Quinn, Absa Interim Group Chief Executive Absa Group Limited, one of the largest diversified financial services providers in Africa, plans to implement a second significant broad-based black economic empowerment (B-BBEE) transaction as part of its broader efforts to achieve transformation in a meaningful and sustainable way.  “The planned transaction

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News

Hoima International Airport Construction Works Slowed By Gov’t Failure To Release Shs319bn

Architectural design of Hoima International Airport The Ministry of Works and Transport has blamed the slow progress on the construction works of Hoima (Kabaale) International Airport on the failure by the Ministry of Finance to avail over Shs319bn for the construction project. This was disclosed by Fred Byamukama, State Minister for

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