dfcu Bank has this morning signed a two-year sponsorship deal with Entebbe based football club, Vipers Sports Club. The sponsorship is valued at a total of Shs300m. Speaking at the sponsorship signing, dfcu Bank’s Chief of Business and Executive Director, William Sekabembe, said; “dfcu Bank understands the importance and impact
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By Jackson Emanzi Uganda’s population is projected to grow from 37 million today to 41.2 million by 2020 (UBOS) and yet the country currently has a housing deficit that stands at close to 1.2 million units, with Kampala at a staggering deficit of over 200,000 units. To compound this concern,
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The assistant Executive Director of Alliance for Financial Inclusion, Norbert Mumba has stressed the need to embrace digital financial services to be pushed to all adult Ugandans, explaining that it will further help to reduce the number of adult people that are still unbanked in Uganda. Mumba stated this during
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KCB Group, Kenya’s largest bank by assets, has secured a $100 million (about Shs364.9 billion) loan from the African Development Bank (AfDB) for onward lending to Small and Medium Sized Enterprises (SMEs) in the region. The AfDB board approved the long term funding on Wednesday. “The funding is aimed at
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Uganda's largest bank, Stanbic Bank has partnered with leading Ugandan property developers to host a housing development forum aimed at forming partnerships to create more affordable housing options for Ugandans and enhancing knowledge awareness about home loans and mortgages. Held under the theme “Stanbic Banks role in supporting the housing
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Following passage of the Financial Institutions Amendment bill 2016 which included a provision for Bancassurance and the subsequent approval of the regulatory guidelines by the Bank of Uganda (BoU), Stanbic Bank Uganda has become the first bank in Uganda to be granted a license to provide Bancassurance as a product
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dfcu Bank is in trouble after the High Court in Kampala granted permission to over 400 ex-employees of Crane Bank to sue the Bank for wrongful termination. They want dfcu to pay them Shs6bn in damages for wrongful termination. The Deputy Registrar in charge of Civil Matters at the High
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Equity Bank Uganda has opened its 32nd branch across the country; an exclusive banking outlet along Buganda Road dubbed the ‘Supreme Banking’. The branch was launched in an exquisite cocktail event attended by selected businessmen and influential fellows of the corporate community. The branch has a classy lounge with free
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Only one out of three applications are likely to be approved as banks shift focus from personal and small business loans — considered risky after introduction of the rate cap law — to short-term government securities, Business Daily Africa reports. A survey by the Kenya Bankers Association (KBA) tracking the
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Standard Bank has signed an agreement with CCRManager Pte Ltd, a global trade FinTech company, joining their global innovative electronic platform as a member bank. “We are delighted to have joined CCRManager’s distribution platform, which offers an automated, fast and transparent platform for trade risk distribution and participation”, says Vinod
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