dfcu Bank’s Head Business Banking, Ronald Kasasa dfcu Bank in partnership with Deloitte Uganda recently held a webinar discussion with contractors in the power sector on how to sustainably recover the post-Covid-19 period. The discussion, which was highlighted by Selestino Babungi, Umeme Managing Director as the keynote speaker touched key
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KCB Group CEO, Joshua Oigara KCB Group will pay $40 million (UShs147.8bn) to acquire two banks in Tanzania and Rwanda in the race to deepen its presence in East Africa and rev up the contribution of subsidiaries to its profits. The lender announced on Thursday that it will acquire a
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Housing Finance Bank Managing Director, Michael Mugabi The Bank of Uganda (BoU) has awarded Housing Finance Bank as the best performing Primary Dealer in Uganda Government Securities for the month of October 2020. The award from BoU Governor, Prof. Emmanuel Tumusiime-Mutebile was received by Housing Finance Bank Managing Director, Michael
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The stock of Uganda’s outstanding private sector credit increased by 1.5 percent from Shs16.97 trillion in August to Shs17.22 trillion in September, the Performance of the Economy Report for October released by Ministry of Finance, Planning and Economic Development on November 18, 2020 has revealed. The increase is attributed to
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Josephine Mutabuza, Absa Bank Uganda’s Head of Bancassurance Bancassurance is booming and is expected to increase Uganda’s insurance penetrations that remains below 1% as banks increasingly sell insurance products to their customers. Bancassurance is a simple term coined by combining two words, bank and insurance. Commercial Banks are adopting it
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Jackie Aneno Obol-Ochola/ online photo The Board of Directors of dfcu Bank Limited has announced the appointment of Jackie Aneno Obol-Ochola as a Director of the Company with effect from 28th October 2020. According to the statement issued by the bank, Jackie is a Ugandan technology enthusiast and Business Leader.
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Dr Twinemanzi (L), the Executive Director -Supervision at BoU consulting with his boss Mutebile before COSASE meeting in 2018 The Executive Director Supervision at Bank of Uganda (BoU), Dr. Tumubweinee Twinemanzi has shockingly revealed that he doesn’t have some key documents on Crane Bank Ltd (in receivership). He made the
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David Wandera, Absa Bank Uganda's Head of Markets during the release of the Absa Financial Markets Index (AFMI) in January 2020. In August 2020, Absa Bank Uganda launched NovoFX app that makes cross-border payments easy. Business Focus exclusively interviewed David Wandera, Absa Bank Uganda’s Head of Markets, about the benefits of
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Housing Finance Bank Uganda Managing Director, Michael Mugabi (L) and the AgenceFrançaise de Développement (AFD) country Director in Uganda, Hatem CHAKROUN after signing the agreements Housing Finance Bank Uganda Managing Director, Michael Mugabi and the AgenceFrançaise de Développement (AFD) country Director in Uganda, Hatem CHAKROUN, have signed two financing agreements
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Tycoon Sudhir Ruparelia Details have emerged why the Bank of Uganda on Friday November 13, 2020 announced that it had placed Crane Bank Limited (CBL) in receivership under liquidation and ordered the winding up of its affairs. Winding up is the process where a company ceases operations, with liquidation being
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