New shocking details have emerged about the controversial sale of Crane Bank to DFCU Bank two years ago. Local news reports indicate that shareholders of the Crane Bank (in receivership) have joined the battle and threatened to sue the Bank of Uganda and some individuals for selling off their financial
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A number of KCB customers have raised concern over un-explained cash deductions on their bank accounts, even as the lender yesterday moved to assure clients that their money was safe, the Daily Nation reports. KCB Group customers have over the past week complained that their account balances were incorrect, with
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By Aloysious Kasoma Makerere University Lecturer and Budget and Financing expert Barbra Katende has advised women doing business to up their game by branding their businesses well. Katende, a mentor made the remarks on Wednesday as chief guest at the dfcu Women in Business (WiB) Financial Literacy workshop held at
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By Aloysious Kasoma Equity Bank Uganda in partnership with UNCDF is driving financial inclusion in Uganda under a program called MM4P (Mobile Money for the Poor). On Tuesday the bank showcased the technology, process and applicability of this solution in Uganda at the Kampala Serena hotel through their biometric card
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On March8, 2018, Uganda will join the rest of the world to celebrate the International Women’s Day. This day brings into perspective the issue of women emancipation that has been prominent in President Yoweri Museveni’s 32 years in power. While women have generally been empowered, a few occupy top executive
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The McKinsey Global Banking practice on February 28, 2018 published a new report on African Retail Banking - Roaring to life: Growth and innovation in African retail banking. The report finds that Africa’s banking markets are among the most exciting in the world. The continent’s overall banking market is the
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Francophone West Africa leads in intra-regional trade with trade hotspots around Dakar, Abidjan, Cotonou and Lomé, according to analysis by Ecobank’s (www.Ecobank.com) research team in its new website. The team has updated Ecobank’s flagship Africa Fixed Income, Currency and Commodities Guidebook (FICC) and made it available as an online resource:
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The pile of Kenya’s bad bank loans rose Sh47 billion (UShs1.74trillion) to Sh259 billion (UShs9.3 trillion) in the year to December 2017, exposing the negative effect that last year’s political turbulence had on the economy, Business Daily reports. The Central Bank of Kenya (CBK) says in the latest credit officer
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Justine Bagyenda, the outgoing Bank of Uganda Executive Director in charge of supervision is not an ordinary woman. She wasn't only an ‘iron lady’ at BoU and the banking sector at large, but she is also aggressive and money savvy woman. This possibly explains how she earned over Shs20bn in
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Barclays Thursday announced that it will lose its 100-year identity. Going forward, Barclays Africa Group Limited will be renamed Absa Group Limited in due course and trade as Absa across its operations (currently branded Barclays) in Africa, pending shareholder and regulatory approvals. This means that Barclays Uganda will now be
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