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
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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
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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
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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
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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
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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
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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
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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
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East African Central Bank Governors say they are committed to continue working together to achieve regional monetary union. This is contained in the their communiqué issued on August25, 2017 after the 21st Ordinary Meeting of East African Community (EAC), Monetary Affairs Committee (MAC) that was convened at Serena Hotel, Kampala
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In response to Uganda’s nationwide blood shortage, Diamond Trust Bank (U) in partnership with Uganda Blood Transfusion Services (UBTS) organized a blood donation campaign which started on Thursday 24th and will end today - 26th August 2017 at DTBU Main Branch Premises. Hundreds of people turned up to participate in a
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