Pan-African payments company awarded for its role in driving financial inclusion at the Annual Excellence in Fintech awards in Washington DC Cellulant, Africa’s leading payments company, won the Award for Excellence in Embedded Fintech at the 7th edition of the Africa Fintech Summit in Washington, D.C., alongside the Spring Meetings
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Julius Kakeeto (2nd Right), MD PostBank handing over the contribution to Rt.Rev Sheldon (2nd Left) and Hon. Robert Rukari PostBank, a financial institution that is committed to empowering lives and livelihoods, has, today, contributed UGX. 15 million to facilitate the Anglican Church’s preparations for this year’s Martyrs Day celebrations. The contribution comes days after PostBank sponsored and
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Henry Musasizi, the State Minister for finance in charge of General Duties Members of Parliament sitting on the National Economy committee have expressed displeasure against government’s continued reports that Uganda’s economic growth has improved . The committee members are angry that the Ministry of Finance continue to feed the country
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The Bank of Uganda (BoU) has approved a request by Afriland First Bank’s request for voluntary liquidation, Business Focus reports. Addressing the media at the Central Bank headquarters in Kampala on Thursday morning, Michael Atingi-Ego, the Deputy Governor at BoU, said the Central Bank on on May25, 2022 exercised its powers under
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A photo montage of some bank CEOs Customer deposits for all the 26 commercial banks operating in Uganda grew to Shs28.17 trillion in 2021, up from Shs26.8trillion recorded in 2020, Business Focus exclusively reports. Every year, this website carries out an in-depth analysis into the performance of banks based on
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Ugandans are increasingly earning big from Vanilla farming The government through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) set July 7th as the harvest date for vanilla in the country. This follows the rampant cases of vanilla theft, which compromises the quality of vanilla beans supplied to the market.
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Service Cops’ Executive Chairman, Joseph Kiiza Ndiho (left) shakes hands with Mr. Tsehay Shiferaw (centre), the Awash Bank Chief Executive Officer. Looking on is Mr, Mathias Kamugasho, the Service Cops Managing Director (2nd Left), Mr. Yohannes Merga (2nd right), the bank’s Chief Information Officer and the Chief Technology Officer; Mr
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Commercial banks are waiting for a go-ahead from retirement benefits schemes to start offering housing mortgage facilities secured against their savings. This as consultations between the benefits schemes and the government start with the aim of creating legal frameworks that enable them to operationalize the new development. In
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Experts and think-tanks have warned the government against introducing policies aimed at mitigating the effects of rising commodity prices, but also blamed it for poor management that have allowed the current situation to escalate. Until now, the government has rejected any suggestions that it introduces subsidies especially for fuel
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Agriculture Minister, Frank Tumwebaze (R) with Peter Munya, Kenya’s Cabinet Secretary, Ministry of Agriculture, Livestock, Fisheries and Cooperatives with Declaration of the G25 African Coffee Summit Frank Tumwebaze, the Minister of Agriculture Minister, Animal Industry and Fisheries, has said Uganda’s successful coffee experience can be adopted by the African continent
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