Equity Bank Uganda is ready to embrace and roll out agency banking across the country, Business Focus reveals. Anthony Kituuka, the Executive Director at Equity Bank Uganda says that they have systems and resources ready to roll agency banking, noting that they are only waiting for guidelines from the Bank
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There has been further improvement in business conditions in Uganda, according to the Stanbic Bank Uganda Purchase Managers Index (PMI) for May. At 51.0 the seasonally adjusted PMI remained above the crucial 50.0 threshold for the fourth month in succession, signaling a continued expansion of the private sector. This is however
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Equity Bank Uganda has promised to continue closely working with the Church of Uganda for mutual benefits. Speaking at the dinner organized by the bank at Namirembe Guest House on Friday, Anthony Kituuka, the Equity Bank Uganda Executive Director expressed willingness by the bank to continue working with the church
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By peter Abaanabasazi Experts have attributed the continued collapse of Small and Medium Enterprises (SMEs) to lack of business management skills among entrepreneurs. This was revealed by experts from KCB Uganda in partnership with Uganda Small Scale Industry Association (USSIA) during a two-day training workshop held at Glory Summit Hotel
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The Construction of Church House, a multi-billion building owned by the Church of Uganda will be complete this year, Equity Bank Uganda boss has said. Anthony Kituuka, the Executive Director at Equity Bank Uganda made the revelation on Tuesday at the bank’s head offices in Katwe, Kampala while handing over
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Two Kenyan banks with operations in Uganda have won the prestigious African Banker Awards for the year 2017. Equity Bank Kenya won the Best Retail Bank Award while KCB Bank walked away with the Best Regional Bank in East Africa. Winners of the 2017 African Banker Awards were announced at a
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The Government of Uganda through Ministry of Finance, Planning and Economic Development has finalized plans to increase its shares in Housing Finance Bank (HFB), Business Focus reports. The motion seeking to increase government shareholding in HFB from the current 45% was tabled before Parliament on Wednesday by David Bahati, the
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Assets are one of the key parameters that determine how strong a financial institution is. And having obtained the 2016 financial results for Uganda’s 24 banks that have been released in the past few months, Business Focus exclusively reveals Uganda’s largest banks by assets. This will help you know how
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On October 20, 2016, the Bank of Uganda (BoU), the regulator of Uganda’s financial sector, took over the management of Crane Bank Ltd after it (Crane Bank) became “a significantly undercapitalized institution.” Consequently, on February 27, 2017, BoU announced the acquisition of the now defunct Crane Bank by dfcu. The
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Stanbic Bank shareholders have approved a Shs60bn payout as dividends at their Annual General Meeting held on 10th May in Kampala. This represents a 50% increment from the Shs40bn paid in 2015 and is equivalent to Shs 1.17 dividend per share, up from Shs0.78 the previous year. Opening the AGM
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