David Wandera, Absa Bank Uganda's Executive Director and Head of Markets Absa Bank Uganda Tuesday hosted selected journalists to an in-depth analysis of the financial markets ahead of the unveiling of the 2021 Africa Financial Markets Index (AFMI) report on Tuesday 25th January 2022. The training, led by David Wandera, Absa
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The fake loan fraud racket being led away on a police truck. On Jan.10, a local daily newspaper reported an incident in which a top bank in Uganda was conned Shs2.7bn in bogus loan scheme leading to some suspects getting arrested by the police. Gurijindeer Singh, who hails from Kolkata,
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Patrick Oyuru, Head Marketing and Communications joins John Baptist Kaweesi, the Head of Mortgage and Consumer Banking to launch the Double-Double Unsecured Salary Loan Campaign For the second consecutive year, Housing Finance Bank (HFB), the leading mortgage provider and one of the fastest growing financial institutions in Uganda, has launched
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By NJ Ayuk, Executive Chairman, African Energy Chamber For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To prevent catastrophic climate change, environmental organizations, financial organizations, and governments across Europe and
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Absa Bank Uganda will offer a two-month repayment holiday on salary loans to customers as schools reopen in January. The offer is available on salary loans with competitive interest rates for sums between Shs 1 million to Shs 250 million. “The pandemic has created economic pressures sending many into financial
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Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor Ugandans are increasingly seeking bank loans but interest rates largely remains high in comparison to the Bank of Uganda’s Central Bank Rate (CBR), a benchmark lending rate. However, despite increased loan applications, loan approvals remain low. According to Bank of Uganda’s Monetary Policy Report
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The value of loans approved by commercial banks in October declined to Shs869.3bn from Shs1.068Trn the previous month, the Performance of the Economy Monthly report for November 2021 by Ministry of Finance, has revealed. According to the report, the loan approval accounted for 53.4% of the value of loan requests
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Faridah Nalubega - Manager Cards and Money Transfers, dfcu Bank dfcu Bank in partnership with VISA has today launched a campaign dubbed ‘Tujaguze’ to reward customers as they head into the festive season. dfcu customers who pay for their shopping at Capital Shoppers and Quality Supermarkets will automatically win an
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Managing Director of Housing Finance Bank, Mr. Michael Mugabi receiving the award from Matia Kasaija, Finance minister Housing Finance bank received recognition as the first (1st) runner up in the Uganda Revenue Authority Awards under the Excel category. The bank was applauded for being key in the Banking and Mortgage
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Cairo Bank Uganda organized a breakfast for staff to bid farewell to their Managing Director, Mr. Ahmad Maher Nada (pictured) who will be leaving the Bank at the end of the year following the expiry of his contract. Mr Maher will be taking on a new assignment with Banque Du
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