Chris Baryomunsi, the Minister of Information and National Guidance Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions (MDIs) Act 2003. According to the proposed changes, MDIs will now offer all services offered by other banks, which has not been the case. The Minister of Information and
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BoU Deputy Governor, Dr. Michael Atingi-Ego The Bank of Uganda (BoU), the country’s Central Bank Tuesday afternoon announced an increase in the Central Bank Rate (CBR) by 1 basis points to 8.5 percent so as to stablise inflation around the [5%] target. The CBR is a benchmark lending rate for
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R: Jude Kansiime, the Head of Products and Marketing at Dfcu bank, Mathias Katamba, the dfcu bank Managing Director, Kabaka Ronald Mwenda Mutebi, Nnabagereka Sylvia Nagginda and Katikkiro of Buganda . Charles Peter Mayiga The Katikkiro of Buganda Owek. Charles Peter Mayiga has commended dfcu Bank for its continued support and
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The Bank of Uganda (BoU) has informed the public that WorldRemit Money Transfer (U) Limited voluntarily ceased to carry on money remittance business in Uganda. “The public is notified that the closure of WorldRemit Money Transfer (U) Limited as a company will not affect WorldRemit money remittance product offered by several supervised financial
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Left - Right: Emmanuel Mukusike ,the General Manager Goldmine Finance, Allan Tayebwa - CEO Goldmine Finance(Centre) and Lugi Koni,the Marketing Advisor during the launch of the mobile loan product at their head office in Nakawa,Kampala. Financial insinuations are increasingly launching mobile loan products so as to bring financial services
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Louis Arinaitwe, Country Director, Department for International Trade and the Country Infrastructure and Trade Policy lead with the British High Commission, hands over ISO/IEC 27001:2013 Certification in recognition of its Information Security Management Systems (ISMS) compliance to global standards to Doreen Munanukye, Stanbic Bank's Ag Head of Information Security, at
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Professor Denis Byarugaba (R) speaking at the event “Prevention of the next pandemic, whether a recurrence of Covid-19 or a new outbreak, will require significant investment from the Finance and Banking sector in order to minimize the negative economic and human effects,” remarked Professor Denis Byarugaba, Makerere University Professor of
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Stanbic Uganda and Prudential executives during the launch of the product at a press conference held in Kampala today With just UGX600, 000 or USD166 investment, Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to UGX20million— courtesy of Stanbic MediProtect,
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Housing Finance Bank senior management team poses for a picture with their stakeholders from Buganda Land Board, AFD, and Uganda Cooperative Alliance during the official launch of the Zimba Mpola Mpola Incremental Housing Loan in Bukalango. Housing Finance Bank has today launched the Incremental Housing Loan to unlock opportunities for
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L-R: Musa Jallow - Absa Retail Director, Karim Kawesa - MD Bakaima Real Estate Agents & Philbert Kirama - Bakaima Real Estate Agents Board Chairman. In a bid to help more people realise their dream of land and home ownership, Absa Bank Uganda has introduced land purchase loans. These
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