Exim Bank Uganda has launched a 3- month bid guarantee campaign for Small and Medium Enterprises (SMEs) to allow them grow and expand their operations. The bid guarantee will not exceeding Shs1bn capital value. The campaign dubbed ‘Chap Chap’ Bids was launched on Thursday at the bank’s offices located at
Read More
The Government of Uganda has distanced itself from media reports that it will take over Speke Resort Hotel Munyonyo and other properties of tycoon Sudhir Ruparelia in order to recover losses that were caused to Crane Bank. The remarks were made by Ephraim Kamuntu , the Minister of Tourism, Wildlife
Read More
Centenary Bank and MasterCard on Wednesday announced that their multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market, the two partners on Wednesday further strengthened their
Read More
On July13, 2017, the Bank of Uganda (BoU) said it had sanctioned the filing of a suit against Sudhir Ruparelia and Meera Investments Ltd to recoup funds that were fraudulently extracted from, as well as losses that were caused to Crane Bank. BoU filed a civil suit at the Commercial
Read More
By Michael Ssekyondwa Following the signing of Agency banking regulations by the Bank of Uganda, commercial banks in the country will now start offering Agency banking. These services allow banks to provide financial services virtually anywhere across the country through third parties called agents. Today’s customer is concerned about convenience,
Read More
The Bank of Uganda (BoU) has spoken out on the ongoing media reports about the controversial Crane Bank collapse . Crane Bank was last year on October taken over by BoU after it became 'significantly undercapitalized.' Crane Bank was controversially sold to dfcu Bank early this year. As the Receiver
Read More
Stanbic Bank has been recognised as the country’s best financial institution at the 2017 Euromoney Awards, the world’s most recongised accolade in the Global Banking Industry. Accepting the award on behalf of the Bank, Cathy Adengo, Stanbic Bank’s Corporate Communications Manager noted that, “We owe this accomplishment to our esteemed
Read More
Leading digital money transfer service WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa. The partnership, which was announced at the GSMA’s Mobile 360 conference in Dar es Salaam, enables Huawei to add a ready-made solution for remittances - a
Read More
A KShs100 (UShs3, 461) note might not be enough to get you to work and back home if you use public transport. If anything, you would probably need more than twice that amount daily if you commute from Nairobi’s central business district to Ongata Rongai for work - a distance
Read More
Standard Chartered Bank (StanChart) will close its branches in Bungoma, Kisii and Kitengela next month as it pushes online and mobile banking and cut costs. Also affected by what the bank said was a branch rationalization programme is the Warwick Branch in Gigiri, which will also be shut down, according
Read More
