Depositors will soon start enjoying increased cover on their money should lending institutions collapse. According to Kenya Deposit Insurance Corporation (KDIC) Acting Chief Executive Mohamud Ahmed, the agency is about to get approval to raise the deposit insurance cover from the current figure of KShs100,000. “The review is set to
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Stanbic Bank Uganda this week hosted its Muslim customers who are observing the holy month to a dinner to break their Ramadan fast at Hotel Africana. The annual observance is one of the five pillars of Islam. Speaking at the dinner Moses Mbubi, Stanbic Bank’s Head of Human Capital said,
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By Godfrey Kenneth Gobba Since time immemorial we have been conditioned to believe that saving is a safe, responsible and intelligent way to manage our money. We have been duped into believing that developing a savings culture is the best way to financial freedom. But what if saving money is
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United Bank for Africa Plc (UBA) successfully raised USD500 million through a debut Eurobond that was over-subscribed by 240%. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S)
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KCB Bank Uganda has donated 10 kindle fires to Muni University in an attempt to boost the institution’s digital learning. The Kindles are expected to enhance teaching and learning through the seamless use of digital technologies at the science based university. Speaking during the handover ceremony recently, Annet Ajidiru, the
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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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