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 According to a statement dated February 7, 2017 obtained by Business Focus, Bagyenda has been replaced by Dr.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
The Top 20 Investment Clubs in the recently concluded dfcu ‘Battle for Cash’ Investment Clubs Competition flew out late last week for a study tour in Nairobi. The flag off was presided over by William Sekabembe, dfcu Chief of Business and Executive Director. The three-day study tour will cover areas
Read More
Kenya could be ripe for a digital currency in the next three years if regulations are crafted, Joshua Oigara, CEO of Kenya’s largest bank has said, reports the Standard. Oigara said away from the wave of bitcoin that has swept different countries in the world, including Kenya, there are so
Read More
The maximum cost of loans remains unchanged after the Central Bank of Kenya (CBK) Monday retained the base lending rate for the eighth time in a row. The Monetary Policy Committee (MPC) maintained the benchmark rate at 10 per cent, saying the current monetary policy stance had reduced the threat
Read More
Diamond Trust Bank (DTB) joined the Interswitch ATM service with effect from Jannuary12, 2018. The Interswitch ATM service will link DTB customers to over 500 ATM locations all over Uganda. “The launch of the interswitch ATM service will bring a convenient and reliable service to our customers, thanks to increased
Read More
If you have huge cash on your Mobile Money (MM) Account, you risk losing it in case the telecom operator collapses. This is revelation was made by Justine Bagyenda, the Executive Director- Supervision at Bank of Uganda (BoU) while appearing before the Parliamentary Committee Of Communications and Technology on Thursday.
Read More
The High Court (Commercial Division) on December21, 2017 disqualified lawyers David Mpanga of FK Mpanga Advocates and Timothy Kanyerezi Masembe of MMAKS Advocate from representing Bank of Uganda (BoU) against businessman Sudhir Ruparelia over conflict of interest. The Central Bank is accusing property mogul Sudhir and his Meera Investments of
Read More
The World Bank will Monday unveil a book based on Equity Bank’s successful turnaround strategy. Titled Developing Africa’s Financial Services - The Importance of High Impact Entrepreneurship, the book provides inspiring success stories of financial sector ventures making a lasting contribution to the economic development of various sub-Saharan African countries.
Read More