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Banking

Stop Issuing Licenses To Online Money Lenders, Minister Kasolo Tells Regulator

Minister of State for Microfinance, Haruna Kasolo making remarks at the launch State Minister for Finance Haruna Kasolo has instructed the Uganda Microfinance Regulatory Authority (UMRA) to stop issuing operating licenses to online money lenders until the government establishes a mechanism to regulate them. The instruction was part of the minister's response

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Entrepreneurship

UDB, AGF Partner To Lend Shs16bn To SMEs, Women & Youth-Affiliated Businesses

Managing Director of Uganda Development Bank, Patricia Ojangole, Group Chief Executive Officer African Guarantee Fund, Mr. Jules Ngankam exchange agreement after signing during the ceremony at Kampala Sheraton Hotel. Uganda Development Bank (UDB), the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee

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Banking

Stanbic Bank Cuts Interest Rates In New Campaign To Stimulate Economic Activity

L-R: Aaron Akampa HeadEnterprise Banking Stanbic Bank,Israel Arinaitwe-Head Personal Banking-Stanbic Bank,Yiga Albert-Head Education Sector- Stanbic Bank,Dogo Singh-Bancassurance Manager-Stanbic Bank To stimulate economic activity, Stanbic Bank Uganda has announced a new lending campaign dubbed Oli Sorted, aimed at facilitating Ugandans to access affordable credit to finance their personal and commercial needs.

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