The Minister of Finance, Planning and Economic Development, Matia Kasaija has said Islamic banking could be a good initiative for Ugandans who hope to borrow money. According to Kasaija, Ugandans have been reluctant to borrow from banks due to the high interest rates charged by commercial banks. Islamic banking, is
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Absa Group Limited, one of Africa’s largest financial services providers, reported an increase in revenue and earnings for 2018, a year of almost unprecedented corporate activity as the group repositioned itself for delivery against a new growth strategy as an independent African bank. Normalised headline earnings increased 3% to R16.1
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In 2016, dfcu Bank signed an MOU with Makerere University Business School (MUBS) to start a business acceleration program for women entrepreneurs under its program Women in Business that seeks to empower women entrepreneurs in the business space. Recently, the first group comprising of 90 women successfully completed the 2-year
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The financial services sector has been challenged to adopt a shared technology services delivery model, thereby cutting down the cost of doing business and pass on those benefits to customers in form of reduced cost of lending. The call was made by Dr. Tumubweine Twinemanzi, the Executive Director Supervision, at Bank
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Three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations. At the
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dfcu Bank in partnership with MAC East Africa Limited and ICEA (Insurance Company of East Africa) have today launched an Asset financing campaign that will see customers purchase the latest Isuzu mu-X 2018 at a special offer price. The current market price for the luxury SUV is $60,000 but for
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Charles Sirleaf, the son of former President Ellen Johnson Sirleaf, was arrested in the capital, Monrovia, on Thursday night, justice officials have confirmed. He was a deputy governor of the Central Bank during the unlawful and unregulated printing of close to $104m (£78m) worth of local banknotes. Justice Minister Musa
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dfcu Bank has today announced a contribution of Shs15m as one of the sponsors of the upcoming Transformational Leadership Forum and the Kirk Wallum Jazz concert slated for 7th March 2019. The contribution is towards fundraising efforts for the Rotary Blood Bank at Mengo Hospital which was constructed by Rotary
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The former Chairperson of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu has accused Bank of Uganda officials of taking advantage of distressed banks to loot shareholders and thus kill their businesses. “It is true these banks were distressed but that didn’t mean that somebody should
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The former Chairperson of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu defended the Committee report on closure of seven defunct banks for not naming individuals who should take responsibility. This is after a number of MPs bashed the report during yesterday’s debate in Parliament, calling
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