Equity Bank Uganda will play a key role in the final stages of Uganda’s oil and gas sector. Addressing the press at the launch of the bank’s new head office at Church Hose Building located along Kampala road on Friday , Dr. James Mwangi said contractors and suppliers in the
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Top Pan African bank, the United Bank for Africa – Uganda on Thursday reiterated its support for the people of Uganda and its commitment to being a catalyst of growth and development in the country. This commitment was made during a press meeting organised by the bank at Serena Hotel
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Shocking details have emerged about the tax contribution of defunct Crane Bank before and after it was taken over by dfcu bank. According to new figures by the Uganda Revenue Authority, Crane Bank paid more taxes than DFCU Bank in 2017 despite the fact that the latter took over the
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Pamper them, put a smile on their faces and make more money from them. That’s exactly what Ugandan banks are doing to the rich as competition in the banking industry intensifies. Many banks have opened up exclusive outlets for the rich with classy lounges, free Wi-Fi internet, tea and most
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Stanbic Bank Uganda has appointed Tony Okao Otoa the Head Enterprise Development – Stanbic Business Incubator. He will be in charge of delivering the bank’s enterprise development agenda, creation of market opportunities for business customers; management and implementation of programmes for the development of the Stanbic Business Incubator. With over
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The Finance Committee of Parliament Tuesday started internalizing the Excise Duty Amendment Bill No.2 that aims at reducing the 1% tax on all mobile money transactions to now 0.5% on mobile money withdrawals. However, a section of lawmakers on the Finance Committee that recommended to Parliament to pass into law
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The bosses of the National Bank of Kenya made deals to enable them to siphon billions while at the same time hiding from the public the lender’s true state, an affidavit filed in court has said. According to the Standard, the scheme involved fictitious firms drawing blank cheques and back-dating
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The Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile has revealed that Uganda’s banking sector is improving steadily supported by the recovery in economic growth. He made the remarks during Uganda Bankers Association (UBA) Informal Dinner held on Friday at Golden Tulip Hotel, Nakasero. “I am pleased to report that
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Mobile phones in Kenya are like bank accounts - some people keep all their savings on their phone - and fraudsters are trying to hack into them to steal the money. Sammy Wanaina received a text message on Sunday asking him to provide the secret personal code so that his
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Chase Bank is set to close some of its branches spread across the country following the ongoing takeover of some of its assets by the Mauritian lender SBM Group, reports the Daily Nation. The troubled lender, whose key banking services such as debit card transactions and mobile money transfer services
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