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BoU Maintains Key Lending Rate At 7%, Says ‘Economy Recovering & Stronger Than Expected’

BoU Governor Prof.Emmanuel Tumusiime-Mutebile Bank of Uganda’s Monetary Policy Committee (MPC) held on 14th April 2021 maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 7%. BoU Governor Prof.Emmanuel Tumusiime-Mutebile said the “the economic recovery is proceeding and is stronger than expected at its last meeting

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BankingOpportunities

dfcu Bank Pushes For Financial Opportunities For Contractors In Roads Sector

dfcu Bank's Executive Director, William Sekabembe speaking to customers during the roads sector customer engagement workshop dfcu Bank recently held a customer engagement workshop with prospective customers in the roads construction sector in Uganda. The workshop which ran under the theme, ‘Challenges and Opportunities in the Road Construction Sector,’ was aimed

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BankingEntrepreneurship

Stanbic Bank Simplifies Trade With Digitalized Platform

Tunde Thorpe, Head of Transactional Products and Service at Stanbic Bank  Stanbic Bank Uganda has launched an end-to-end digitalized trading platform dubbed “Quantum Trade” to enable customers access Import Letters of Credit and Domestic guarantees quickly within few hours. The online platform will facilitate trade and allow customers receive products in

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BankingNews

Gov’t: There Are No Competent Muslims To Lead Islamic Banking

Uganda’s Finance Minister, Matia Kasaija (pictured) has blamed the delayed operationalization of Islamic Banking in Uganda on the absence of ‘competent Muslims’ to champion it. Minister Kasaija’s remarks were in response to concern raised by Abdulatif Sebaggala (Kawempe North) who tasked Government to explain why Islamic Banking hasn’t taken place despite the enactment of the

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