13 Ugandan banks risk collapsing if three of their largest borrowers defaulted, according to the 2016 Annual Supervision Report published by Bank of Uganda (BoU) last week. If the three borrowers defaulted, the banks would become significantly undercapitalized; a thing that might see BoU take them over just like it
Read More
Standard Bank Group Ltd. appointed Sim Tshabalala as sole chief executive officer, ending a dual role he shared with Ben Kruger, and making him the first black person to lead Africa’s largest lender independently, reports Bloomberg. Kruger, 58, will step down as joint-CEO immediately and continue as an executive director,
Read More
Uganda has been ranked 3rd in a survey on financial and digital inclusion by a US-based public institution, helped by the wide adoption of mobile money in the local economy. Brookings Institution’s Centre for Technology Innovation, a non-profit organisation based in Washington DC, in its latest report put Uganda 3rd
Read More
Equity Bank Uganda will be hosting a dinner forum on Friday the 15th of September 2017 at Grange Tower Bridge Hotel 45 Prescot St, London E1 8GP, UK from 6:00 pm. During the dinner, the bank's Managing Director, Samuel Kirubi will be speaking on Investment Opportunities in Uganda and other East African countries. According
Read More
Uganda’s richest man Sudhir Ruparelia has exposed Bank of Uganda (BoU) lawyers, MMAKS Advocates and AF Mpanga in new evidence adduced before Uganda’s High Court, Commercial Division. Last Wednesday Sudhir told Court that he wanted the lawyers in question out of the case in which the Central Bank sued him
Read More
Bank of Uganda (BoU) Deputy Governor, Dr Louis Kasekende has advised banks on how they can stay sound and strong. Kasekende revealed corporate governance, external auditors and prudential regulation and supervision by the Central Bank are key in keeping banks sound and strong. He said this while delivering a Keynote
Read More
Local and international agricultural exporters in the coffee, tea, cotton & cocoa sectors on Wednesday converged at Sheraton Hotel, Kampala to find solutions to production, market and financial related issues. The breakfast meeting was organized by dfcu Bank. Uganda’s agricultural products constitute 80% of her total exports and while the
Read More
Property mogul Sudhir Ruparelia, the proprietor of Crane Bank ( under receivership) wants Bank of Uganda (BoU) lawyers, MMAKS Advocates and AF Mpanga out of the case in which the Central Bank sued him for allegedly causing financial loses to the Bank (Crane Bank) on grounds that they have conflict
Read More
Credit from commercial banks to the private sector plays a big role in the development of a country. However, despite Uganda having 24 banks, credit to the private sector generally remains low, a thing that affected Uganda’s economic development. Financial inclusion (manifested in the number of Ugandans who operate an
Read More
By Peter Abaanabasazi Bank of Uganda in partnership with Profam For Financial Inclusion in Rural Areas (PROFiRA) has trained over 172 trainers in financial literacy to promote financial inclusion in the country. PROFiRA is a project under Ministry of Finance, Planning and Economic Development. The trainees who included Community Development
Read More
