The Deputy Governor, Bank of Uganda (BoU) Dr Louis Kasekende (pictured) has reportedly written to all workers of the Bank wishing them success after his contract expired, with renewal hanging in balance. In the leaked letter, Kasekende said many colleagues became his friends after serving BoU as Deputy Governor for
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Total Uganda Limited and Stanbic Bank Uganda have this morning announced a partnership that will see customers with prepaid Total Fuel Cards top-up more conveniently at over 1,500 Stanbic Agents across the country. While launching the partnership at Total headquarters in Industrial Area in Kampala, the Total Uganda Managing Director,
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Kenyan President, Uhuru Kenyatta has urged the Central Bank of Kenya (CBK) to wage total war on predatory lenders so that small businesses can access affordable credit. The President said scrapping of the interest rate cap would boost circulation of money by ensuring availability of credit. “I urge the Central
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The former chairman of one of China’s bad banks has confessed to taking millions of yuan in bribes which he kept in metal cabinets in a Beijing apartment he nicknamed “the supermarket.” Lai Xiaomin (pictured), former head of China Huarong Asset Management Co., has been charged with taking bribes, corruption
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Lawmakers on the Parliamentary Finance Committee have summoned the Governor, Central Bank of Uganda, Emmanuel Mutebile to explain the rationale behind the continued recapitalization of Bank of Uganda that has been featuring in a number of budget proposals before Parliament. The summons followed a clarification sought by Henry Musasizi, Chairperson
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Absa Group Limited (AGL) today announced the appointment of Aaron Daniel Mminele as Group Chief Executive of Absa Group, effective from 15 January 2020. Mminele will be taking over from René van Wyk, who has been leading the bank on an interim basis since Maria Ramos’ retirement in February 2019.
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President Yoweri Museveni is yet to reappoint Dr. Louis Kasekende (pictured) as the deputy Governor, Bank of Uganda (BoU) for the next five years. Kelvin Kizito Kiyingi confirmed to this reporter on Sunday that Kasekende’s contract will expire on 18 January 2020. This will mark a decade of Kasekende holding
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Equity Group Holdings (EGH)’s plans to acquire banking assets of Atlas Mara in four African hangs in balance after binding transaction agreements between the two parties expired. On 29 April 2019, EGH announced that it had entered into a binding term sheet (the Binding Term Sheet) pursuant to which EGH
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United Bank for Africa (UBA) Uganda, through its Foundation arm, on Thursday 19th December, 2019 visited the SOS Children’s villages in Kakiri to donate materials in form of locally published story books and food items to the children. Under their 'Each One Teach' initiative, UBA partnered with 'Sooo Many Stories,'
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Dr. Ezra Suruma recently wrote a commentary highlighting how neocolonial laws and tendencies at the Bank of Uganda (BoU) cannot allow a Ugandan to open and own a bank. Suruma (pictured), the former Finance Minister and Deputy Governor, BoU said one of the most blatant aims of new colonialism (neocolonialism)
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