By Jackson Emanzi In most developed countries, building a house is a capital-intensive venture which requires a well-developed plan and readily available finances. This ensures the construction starts and is completed on time and the quality of the build is generally not compromised. [caption id="attachment_8771" align="aligncenter" width="400"] Jackson Emanzi, the
Read MoreMillions more people in Africa now have access to financial systems thanks to cashless systems using digital technology, and more people are seeing the benefits of mobile banking, according to Ecobank, the leading independent pan-African banking group. Ecobank is the main sponsor at the Africa Tech summit currently taking place
Read Moredfcu Bank, a subsidiary of dfcu Limited, is set to accelerate the digitization of its operations and financial products by joining FMO’s “FinForward”, an acceleration program where global Fintech companies and Financial Institutions (FIs) and Mobile Money Providers (MMPs) in Africa are matched and integrated. FinForward is an initiative powered
Read MoreBy Aloysious Kasoma Finance Trust Bank (FTB) has become 8th bank to receive the Bancassurance License from the Insurance Regulatory Authority (IRA). This innovation of banks selling insurance products is expected to increase insurance penetration in Uganda from the current less than 1%. Finance Trust Bank received the certificate on
Read MoreEcobank Uganda has partnered with various entities to increase its offering for its premier banking customers across different segments. The bank has partnered with TPS Uganda that is Kampala Serena Hotel, Lake Victoria Serena Golf Resort and Spa, Nina Interiors- one of the leading furniture shop in Uganda, Prudential Insurance
Read MoreTechnology is increasingly changing the way people transact business world over. According to Uganda Communications Commission (UCC), Uganda has over 13 million internet users, a development that has seen many businesses go online. It is against this background that a number of banks are embracing digital banking that will in
Read MoreProf. Emmanuel Tumusiime-Mutebile, the Bank of Uganda (BoU) Governor will tomorrow issue the Monetary Policy Statement for the month of February. BoU stayed the Central Bank Rate (CBR), a benchmark lending rate for commercial banks for the month of December at 9.5% on account that core inflation is projected to
Read MoreUgandan banks have been cautious towards lending to the private sector in recent years due to high Non-Performing Loans (NPLs) that have plagued the banking sector. NPLs have largely been attributed to the sluggish economy that has seen many borrowers fail to pay back their loan obligations, leaving many banks
Read More110 foreign exchanges and money transfer bureaux in Tanzania were shut down last month after failing to observe new regulatory guidelines. The Bank of Tanzania (BoT) made regulation changes due to money laundering activities and the need to protect the Tanzanian Shilling. In a press briefing, Eliamringi Mandari, manager Directorate
Read MorePrior to his appointment as Executive Director-Supervision at Bank of Uganda (BoU), Dr. Tumubweine Twinemanzi was a little known fellow. Prof. Emmanuel Tumusiime-Mutebile appointed Twinemanzi to succeed Justine Bagyenda better known as the Iron Lady at BoU and banking industry at large on February 7, 2018. The appointment took immediate
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