Prof. Emmanuel Tumusiime-Mutebile, the Bank of Uganda (BoU) Governor will tomorrow issue the Monetary Policy Statement for the month of February. BoU stayed the Central Bank Rate (CBR), a benchmark lending rate for commercial banks for the month of December at 9.5% on account that core inflation is projected to
Read More
Ugandan banks have been cautious towards lending to the private sector in recent years due to high Non-Performing Loans (NPLs) that have plagued the banking sector. NPLs have largely been attributed to the sluggish economy that has seen many borrowers fail to pay back their loan obligations, leaving many banks
Read More
110 foreign exchanges and money transfer bureaux in Tanzania were shut down last month after failing to observe new regulatory guidelines. The Bank of Tanzania (BoT) made regulation changes due to money laundering activities and the need to protect the Tanzanian Shilling. In a press briefing, Eliamringi Mandari, manager Directorate
Read More
Prior to his appointment as Executive Director-Supervision at Bank of Uganda (BoU), Dr. Tumubweine Twinemanzi was a little known fellow. Prof. Emmanuel Tumusiime-Mutebile appointed Twinemanzi to succeed Justine Bagyenda better known as the Iron Lady at BoU and banking industry at large on February 7, 2018. The appointment took immediate
Read More
dfcu customers and the general public can now purchase a wide range of insurance products including motor vehicle cover, fire and burglary, Child Education, goods in transit and so much more from dfcu Bank. This after the Insurance Regulatory Authority of Uganda granted dfcu Bank a license to offer bancassurance
Read More
Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda (BoU) has made new appointments and transfers in BoU's top management. Justine Bagyenda, the long serving Executive Director at Uganda’s Central Bank has been relieved of her duties. According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has
Read More
Ecobank Uganda has taken a bold step of reaching out to potential customers in a move aimed at making the Pan-African bank grow further. “Our teams are continuously on the move to reach you and your business to help you join our new world of digital banking,” Ecobank Uganda said
Read More
Prof. Emmanuel Tumusiime-Mutebile, the Governor Bank of Uganda (BoU), has fired Justine Bagyenda, the long serving Executive Director at Uganda’s Central Bank. According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has been replaced by Dr. Tumubweine Twinemanzi. The appointments and transfers take immediate effect. Christine
Read More
Stanbic Bank Uganda has partnered with Uganda Revenue Authority (URA) to launch a new tax payment system that allows both Stanbic and non Stanbic clients to pay takes using their laptop, tablets, phones and other mobile devices through the URA website. Launching the e-tax payment solution on Monday in Kampala,
Read More
Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda has said Ugandans will soon enjoy the advantages of Islamic Banking, noting that the regulations have been approved and will soon be gazetted. Mutebile made the remarks on January 31, 2018 at Uganda Bankers’ Association (UBA) Informal Dinner held in Kampala. Islamic banking
Read More
