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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More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are
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Bank of India Uganda Limited is on the verge of quitting the Ugandan market, Business Focus has reliably established. An insider at the bank told this site on Tuesday, Feb.20 that the entire banking sector in India is undergoing restructuring. Consequently, Bank of India, a state-owned bank is consolidating its
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Property mogul Sudhir Ruparelia is dancing legal tango with Dfcu Bank, the financial institution that took over management of Crane Bank in January 2017. In a series of separate cases, the businessman through his companies has sued the bank for illegal possession/ trespass on his properties and breach of contract.
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“If the most basic African cultural symbol of peace can turn out to be so hostile, then all our values have gone down the drain,” said Mary (not her real name). Mary’s neighbours described her as a self-confident and cheerful woman, but that is not what I saw when I
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The value of Kenya’s fish exports dropped steeply following 2015’s closure of Imperial Bank and the subsequent shutdown of a major exporter that transacted its business through the troubled bank, Business Daily reports. Latest industry data shows that the value of fish exports dropped by Sh1 billion last year after
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Operation ‘clean’ banking sector has left Justine Bagyenda, the former Executive Director-Supervision at Bank of Uganda (BoU) more troubled. It seems government doesn’t want to see her play any role in Uganda’s banking sector going forward. As she was coming to terms how her 36-year stint at BoU unceremoniously came
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BY JOSHUA OIGARA Justifiably, 2017 was a year that can be summarised in three words: uncertain, changing and challenging. Looking at the East African region in the past 12 months, economic conditions deteriorated largely in Kenya and South Sudan, with the rest of the countries closing the year with a
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By Aloysious Kasoma Ugandan businessmen and women have been told to explore alternative sources of funding beyond that is provided by banks. Speaking during a press briefing held Thursday at Hotel Africana to announce the forthcoming Annual Directors and Company Secretaries Conference, Keith Kalyegira, the CEO at the Capital Markets
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