Standard Chartered Bank branch on Kenyatta Avenue. FILE PHOTO | NMG Standard Chartered Bank Kenya is closing accounts of small businesses that fail to hit a monthly cash inflow of Sh10 million, a move the institution said has mostly affected inactive clients. The move has seen affected small and medium-sized
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Kenya High Commissioner, I&M Bank Uganda Discuss Joint Environmental Conservation Efforts
L- R: Head of Marketing and Corporate Affairs Annette Nakiyaga, High Commissioner of Kenya to Uganda H.E General George A. Owinow, Acting Managing Director I&M Bank Sam Ntulume, Communications and Outreach Officer I&M Bank, Racheal Kulanyi The Kenyan High Commissioner to Uganda, His Excellency Rtd Maj. General George A. Owinow
Read MoreWhy Islamic Banking Which Prohibits The Charging Of Interest Will Succeed In Uganda
BoU Deputy Governor, Michael Atingi-Ego (Left) and Permanent Secretary/Secretary to the Treasury, Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi at the launch of Islamic banking in Uganda The Bank of Uganda (BoU) Deputy Governor, Michael Atingi-Ego is confident that Islamic banking will succeed in Uganda. Speaking at the
Read MoreUnlocking The Power Of Asset Finance: A Catalyst For Business Growth In Uganda
Sandra Kaggwa, Manager, Asset Finance at dfcu Bank For both new and existing businesses, access to capital continues to pose a significant challenge. These enterprises often possess great potential for growth and innovation, but their progress is hindered by limited financial resources. The ability to borrow from credible Financial Institutions
Read MoreCultivating Success Through dfcu Bank’s Rising Woman Initiative: The Inspiring Story Of Christine Atieno & Mt. Elgon Women Specialty Coffee
Christine Atieno Muga (Right), the CEO of Mt. Elgon Women Specialty Coffee and her team at work In the heart of Uganda's eastern region, a remarkable transformation is brewing, led by a visionary entrepreneur, Christine Atieno Muga. As the CEO of Mt. Elgon Women Specialty Coffee, Christine Atieno Muga exemplifies the very
Read MoreHousing Finance Bank Gets Certificate Of Acceptance To Sustainability Standards & Certification Initiative In A Bid To Drive Its Affordable Home Ownership Mandate
R: Dr. Frank Mentrup (Lord Mayor of Karlsruhe), Mr. David G. Opiokello (Board Chairperson, Housing Finance Bank), H.E Kuteesa (Uganda’s Ambassador to Germany), Mr. Micheal Mugabi (Managing Director, Housing Finance Bank) and Mr. Arshad Rab (CEO of the European Organization for Sustainable Development, and the Chairman of the International Council
Read MoreTerraPay, Stanbic Uganda officials unveiling the partnership TerraPay, a leading global payments infrastructure company, is pleased to announce a new strategic partnership in Uganda, with Stanbic Bank, the country’s leading commercial lender by Assets, Customer deposits and Income, as of December 31, 2022. The partnership will revolutionize cross-border payments, providing
Read MoreMPs have blamed Bank of Uganda for failing to sensitize Ugandans on how to claim the Shs69bn that is lying idle on dormant Mobile Money Accounts. While appearing before Parliament's ICT Committee, Richard Byarugaba, Executive Director Finance- at Bank of Uganda said that before the enactment of the National Payments System
Read MoreI&M Bank Uganda Appoints Robin Bairstow As Chief Executive Officer To ‘Push The Organization To The Next Level’
Robin Bairstow is the new Chief Executive Officer of I&M Bank The Board of Directors of I&M Bank (Uganda) Limited has announced the appointment of Robin Bairstow as the Chief Executive Officer (CEO) effective August 2023. The appointment is subject to Bank of Uganda approval. With an extensive record in the financial
Read MorePrivate Sector Credit (PSC) grew by 6.5% in June 2023 down from 9.0% in May 2023 and 10.7% in April 2023, the Bank of Uganda has said in its Monetary Policy Report for August 2023. The report says PSC declined across major sectors except for personal, trade, and agriculture. “Total credit extensions
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