Banking

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

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

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

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

As 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

To 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

Global ratings agency Moodys has warned of a likely downgrade of credit and deposit scores of three Kenyan banks, citing the country’s deteriorating debt situation. The agency said it had placed on review for downgrade the B1 global scale long-term local-currency deposit ratings and the b1 baseline credit assessment (BCA)

In commemoration of the International Day of the Girl Child, one lucky girl, 10- year old Stacia Nampijja was given control of Uganda’s leading financial institution, Stanbic Bank as acting Chief Executive for the day. On Thursday, Nampijja chaired a meeting of the banks top decision making body EXCO, met