In East Africa, the biggest enabler of cross-border banking has been the ease of regional movement, as borders are open for member citizens under the EAC Common Market Protocol on free movement. Cross-border banking is an important feature of the global financial system. This explains why banks are expanding beyond
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Annet Mulindwa Nakawunde, the Finance Trust Bank Managing Director/FTB Photo Finance Trust Bank Limited has transitioned from a Tier I Commercial Bank License to a Tier II Credit Institution License effective 01 April 2026 after failing to meet the Shs150bn minimum capital requirement, Business Focus reports. In a statement dated
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MTN MOMO's Yego upbeat about impact of National Payments Switch on electronic cash transactions Mobile Money platform operators are demanding for government intervention in the industry’s challenges to ensure that the services are affordable, both to the customers and the companies. Mobile money services are considered more expensive than in
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Bryan Katamba, Sector Head, Education and Health at dfcu Bank As schools across Uganda prepare to reopen for Term One, back-to-school costs once again place significant pressure on households, schools, and education suppliers. For many families and school owners, this period follows the festive season, when finances are already stretched.
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NCBA Group PLC (NCBA or the Group), a preeminent financial services provider in East Africa, has announced that it has received a Strategic Investment Proposal together with a Notice of Intention (NOI) from Nedbank Group Limited (Nedbank) to acquire approximately 66 per cent of the ordinary shares of NCBA from
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Israel Arinaitwe, Head of Personal Banking at Stanbic Bank Uganda As the month of January draws to a close to the end, Ugandans have been urged to prioritise saving if they are to achieve their aspirations and long-term financial goals. The call was made by Israel Arinaitwe, Head of Personal
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Isaac Bigirwa, Head of Cards & Payments at dfcu Bank As digital finance continues to evolve, access remains uneven. While smartphone apps dominate conversations around modern banking, many Ugandans still rely on basic mobile phones and have limited or inconsistent internet access. To bridge this gap, dfcu Bank has enhanced
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FINCA Uganda’s Chief Commercial Officer, Eva Balikoowa and Executive Director Robert Kakande, with KACITA’s Acting Chairperson Hajji Isa Ssekito, pose for a group photo at the UGX 100M flood relief launch with downtown traders FINCA Uganda has announced the beginning of the process of providing over UGX 100 million in
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Bryan Katamba, Head of Education and Health Sector at dfcu Bank dfcu Bank has launched a nationwide Back-to-School campaign dubbed “School Fiiz! Weight Off!”, an integrated education financing initiative designed to ease the financial pressure of school fees for parents and guardians, while strengthening cash flow and operational resilience for
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Financial institutions approved loans to a tune of UGX1.930Trn in October 2025, with personal loans taking the biggest share. This is according to the Ministry of Finance, Planning and Economic Development’s the Performance of the Economy Monthly Report for November 2025 that was released last week. “The value of credit
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