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
Read More
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 More
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 More
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 More
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 More
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 More
TerraPay, 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 More
MPs 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 More
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 More
Private 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
Read More
