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
Read MoreFollowing 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
Read Moredfcu 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
Read MoreEquity 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
Read MoreOnly 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
Read MoreStandard 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
Read MoreAs competition for Uganda’s banking sector goes mobile, Standard Chartered Bank Uganda (StanChart) has announced a new strategy to dominate digital banking in Uganda. Addressing the press at their head offices in Kampala on Wednesday, Albert R. Salton, the StanChart Uganda Managing Director, said that the clients’ needs have constantly
Read MoreStanbic Bank Uganda, a partner and supporter of the MTN Kampala Marathon, has contributed Shs225 million towards this year’s activity. The money will be used to combat the exposure of school going children to cancer caused by asbestos roofing in Kampala and improving maternal health services at Kiswa and Komaboga
Read MoreTo remain competitive and relevant, commercial banks are increasingly embracing mobile banking for convenience and cost-cutting purposes. It is on this premise that Equity Bank Uganda Limited on Friday launched its range of digital banking solutions into the market in a bid to enhance the banking experience of customers as
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