dfcu Bank is in the initial stages of designing an innovative solution for on-boarding new customers. This follows the signing of a contract with the FinTech Company Laboremus Uganda on the 19th of March2018 to accelerate the digitization of its banking systems. The contract will allow the partners to jointly
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In line with KCB Bank Uganda’s strategy to focus on digital channels and the onset of agency banking, the bank has merged its Kikuubo and Ben Kiwanuka Street branches. This is expected to cut the bank’s operational costs. The merger, according to Joram Kiarie, the Managing Director KCB Bank Uganda
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Bank of Uganda (BoU) Governor Prof. Emmanuel Tumusiime- Mutebile and his Deputy Dr. Louis Kasekende have contradicted each other over the performance and eventual controversial takeover and sale of Crane Bank to dfcu. BoU took over the management of Crane Bank on October20, 2016, saying it (Crane Bank) had become
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Stanbic Bank Uganda Ltd has been awarded the best performing bank in Uganda government securities for the Year 2017. And this makes Stanbic bank the winner for the sixth consecutive year. Speaking at the Annual Award Event for the Best Performing Commercial Bank of the Year in Government Securities held
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South Africa’s MTN has signed an agreement to form a partnership with Pan-African Bank- Ecobank on mobile banking across Africa, the telecoms group and lender said on Tuesday. Rob Shuter, group CEO of MTN, and Ade Ayeyemi, CEO of Ecobank, attended the signing in Lagos, the commercial hub of Nigeria.
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The Government has blocked Uganda Revenue Authority (URA)’s directive to banks to release all their customers’ account details to the tax body. The decision to stop URA’s move was taken at a Cabinet Meeting held On Monday 9th April, 2018 at State House Entebbe. The meeting was chaired by President
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Barclays Africa Group Ltd., South Africa’s third-biggest bank, will split into four operating units as the lender outlines its growth strategy after the sale by its U.K. parent, Bloomberg reports. The Johannesburg-based firm will separate retail and business banking, investment banking, wealth and insurance, and its operations in the rest
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Bank of Uganda (BoU) didn't sell Crane Bank to dfcu but the latter just assumed the former freely, Dr. Louis Kasekende, the Deputy Governor, BoU has said. Speaking at the Twenty-Year Anniversary Dinner for the Uganda Securities Exchange (USE) at Serena Hotel, Kampala on April 06, 2018, Kasekende revealed fresh
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The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion (Shs3.6 trillion) since launch less than 18 months ago. With over 4 million users, the Ecobank Mobile App is available to all, enabling users to open
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The Board of Directors of Bank of India has decided to continue the operations of their subsidiary, Business Focus exclusively reports. Ajah Panth, the Bank of India Uganda Managing Director revealed that the decision was taken in a Board meeting held on 20th March 2018 in India. Earlier on 19th
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