Mr. Suleiman I. Kiggundu, Jr., the new Orient Bank Board Chairman Orient Bank has announced the appointment of three members to its Board of Directors. New members joining the Board of Directors are: Mr. Suleiman I. Kiggundu, Jr. – Independent Non-Executive Chairman, Mr. Bhartesh Shah - Non-Executive Director and Mr.
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Prof. Emmanuel Tumusiime-Mutebile, the Governor, Bank of Uganda The digital revolution has offered opportunities for financial inclusion and for the provision of a wider suite of financial products and services, regardless of income and location, Prof. Emmanuel Tumusiime-Mutebile, the Governor, Bank of Uganda has said. He made while opening the
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Lloyd Jonathan Busuulwa, Head of Alternative Channels at dfcu Bank On its quest to become a digital bank (4.0), dfcu bank launched a campaign dubbed “Banking at the Speed of you” which is part of its digital transformation journey, in a two-part series, we caught up with Lloyd Jonathan Busuulwa, Head
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Allan Rwakatungu, the CEO and founder of Xente, a digital account designed to save time and money on everyday business payments. At the beginning of this year, the African Continental Free Trade Area (AfCFTA) came into effect with the main goal of eliminating the obstacles that hinder trade and business
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Lloyd Jonathan Busuulwa, Head of Alternative Channels, dfcu Bank Digital technologies have dramatically reshaped industry after industry. Digital transformation is now universally regarded as essential for businesses to remain viable and competitive according to a digital transformation survey done my McKinsey Global. The survey also highlights that businesses are heading
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KCB Group boss Joshua Oigara/online photo Rwandese authorities have finally approved KCB Group deal to buy Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited. Atlas Mara made regulatory disclosures that it had obtained approvals to sell its banks in Rwanda and Botswana. The firm said it
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The former Bukoto South MP, Muyanja Mbabaali (pictured), who is also a businessman could soon run bankrupt as money lenders move to attach his properties to recover their money. Mbabaali, a strong NRM cadre has been given a 30-day ultimatum to pay up all his debts or risk losing five of his properties
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In another step towards moving away from cheques as a means of settling transactions, the banking institutions under the Automated Clearinghouse of Uganda have decided to reduce the value limits of cheques to be handled by the clearinghouse. A clearinghouse is an intermediary or middleman arrangement that facilitates the finalisation
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Peter Ssenyange (pictured) was appointed as PostBank Uganda Ltd Chief Finance Officer (CFO) in June 2020. Wielding over 14 years’ experience in the finance sector in both banking and consulting within the finance sector, Ssenyange now heads the Finance function at PostBank Uganda Limited. Ssenyange was previously the Chief Finance Officer at United Bank of
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Michael Opira, the Chief Operations Officer at Housing Finance Bank Over the last ten years, there has been a steady shift in banking and financial services from the conventional channels to a more digitized service offering. This shift has been accelerated further by the onset of the COVID-19 pandemic, which
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