dfcu Bank has appointed Andrew Kabeera as the new Chief Operating Officer. A seasoned banker with experience spanning over 13 years, Kabeera is responsible for among other aspects establishing operational excellence and great experience across all touch points and driving the strategic goal of Superior financial performance on cost income
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Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC. Ethiopia, Kenya, Tanzania and Uganda are the regions’ economic powerhouses and are enjoying a period of significant economic growth – their Gross Domestic Products
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The Bank of Uganda (BoU) has revealed that interest rates continues to decline, but customers of small-sized loans are charged higher rates compared to big ones. According to the Monetary Policy Report for June 2018, the Weighted Average Lending Rate (WALR) has declined to 20% and 7.8% in April 2018
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Uganda has 24 operating banks but the market is dominated by a few banks, a thing that could adversely hurt the economy in case one of them collapsed. Stanbic, dfcu, Centenary, Standard Chartered (StanChart) and Barclays control over 60% of the industry market share, according to an analysis carried out
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Two would-be bank robbers almost had their escape scuppered by traffic in Ethiopia's capital Addis Ababa. The attempted bank heist happened late on Tuesday afternoon at the Bole branch of Abyssinia Bank. Two of the alleged robbers - one of whom is reported to be a security guard - fled
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Ecobank Uganda has donated to the fasting Muslim community, proving why it is a Pan-African bank. The bank has recently been donating food stuffs to the needy and unprivileged Muslims in the Mosques of Ggaba, Old Kampala and Wandegeya. Primrose Kobusingye, the Head of Marketing & Communications at Ecobank Uganda,
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At least 100 business leaders across different sectors will benefit from dfcu Bank’s Oil and Gas local content skilling and sensitization program every month. As part of the Business Accelerator Program, dfcu has planned a series of workshops targeting multiple sectors that can potentially take up opportunities in the Oil
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Bank of India (BOI) Uganda is one of the most profitable banks especially among the new ones. Although it has less than 1% industry market share, BOI has been posting profits since it rejoined the Ugandan market in 2012. It was the 14th most profitable bank in 2017 out of
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As part of its corporate social investment strategy which focuses on supporting education at all levels, Stanbic Bank has handed over a cheque worth Shs75 million to Uganda Christian University (UCU) in Mukono. The money will go towards supporting the education of 20 brilliant but under privileged students for
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In time for the new academic term, dfcu Bank has officially handed over a refurbished Nakivubo Blue Primary School to KCCA. The handover was made at the school premises and presided over by KCCA’s Acting Director Education & Social Services Mr. Ambrose Atwoko on Friday morning. The handover of
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