Barclays Africa Group Limited (BAGL) and China Development Bank (CDB) have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa. Given CDB’s focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities
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It is exactly two weeks since robbers entered the strong room of a Kenya Commercial Bank branch in Thika, Kenya and stole over UShs1.8bn. However, the circumstances under which the heist was executed still remain a mystery. Three people — two brothers and a friend — have been charged with
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Ecobank, the leading pan-African banking group, has won "Bank of the Year" awards in five of its countries of operation, reports All Africa. Ecobank scored the five-trophy hall at The Banker awards, which were held on 29th November at the Hilton London Bankside, with Cameroon, Guinea Conakry, Gambia, Togo and
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Farmer Based Organizations (FBOs) that have potential to contribute to the agricultural value chain finally have a chance at improving their operations and ultimately become bankable. The organizations that currently lack technical or structural capacity to operate in a sustainable way have started receiving technical support from the Agribusiness
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Exim Bank has donated over 110 hospital mattresses, sanitary towels, diapers, milk, sugar, clothes and other essential items to the Female Ward in Butabika Hospital. The Bank also painted the waiting room at the Female Convalescent Ward. This was on the Bank’s recent visit to the hospital where they were
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Bank of Uganda (BoU) Deputy Governor, Dr. Louis Kasekende has said the Central Bank regulations can’t stop banks from collapsing. Kasekende made the remarks on Wednesday while giving a key note address at the 7th Annual International Leadership Conference organized by Makerere University Business School (MUBS). His address centered on
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The Auditor General (AG) is set to carry out a comprehensive audit on Bank of Uganda (BoU) over the liquidation of defunct banks in the country. This is after Parliament Committee on Commissions, Statutory Authority and State Enterprise (COSASE) on Tuesday asked the AG to do the audits and report
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Mystery surrounds the recovery of part of the KSh50 million (about UShs1.8bn) stolen from Kenya Commercial Bank’s (KCB) Thika town branch in Kenya last Monday. Witnesses said police seized the cash following a Saturday morning raid on a house in Juja town, where a woman had moved in last Wednesday,
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The Finance Committee of Parliament has tasked Housing Finance Bank to offer thorough justification for a Shs61bn capitalization request from government. The government, with 49.18 percent shares, owns the bank jointly with National Social Security Fund -NSSF (50 percent) and the National Housing and Construction Company (0.82 percent). State Minister
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The 25th Joseph Mubiru Memorial Lecture will be held on December 01, 2017 and will be delivered by Dr. Ha-Joon Chang, a University Reader in Political Economy of Development, in the Faculty of Economics at the University of Cambridge. The lecture is titled; “Ambition, Pragmatism, and Imagination – Rethinking the
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