In a bid to ease access to finance among Small and Medium Enterprises (SMEs) in Uganda, KCB Bank Uganda in partnership with the European Investment bank has embarked on carrying out financial trainings among local SMEs across the country. The trainings are aimed at helping SMEs understand key aspects of
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By Lydia Kayonde, One of the most significant changes in financial services over the past few decades has been the growth and adoption of Bancassurance. Whileit may sound like a complex word, it isa simple term coined by combining two words, bank and insurance. The sale and distribution of insurance
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Profits recorded for Ugandan banks in 2017 are set to drop as effects of the hard economic times begin to manifest. In 2016, banks registered huge profits, having concentrated their efforts on recovering Non-Performing Loans (NPLs) while remaining cautious towards lending. Consequently, total industry profit increased to Shs676.73bn in 2016,
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dfcu Bank has made a contribution of Shs75 million towards the refurbishment of a three-classroom block at Nakivubo Blue Primary School. This is part of the bank’s Corporate Social Responsibility Program. The school is currently managed by the Kampala Capital City Authority (KCCA) and has over 1,000 students from the
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Equity Bank has sent home 200 of its 300 workers in South Sudan following closure of more than half of its branches in the troubled country. The Kenya-based bank has also frozen lending in the country due to political uncertainty as a protracted civil war brought many businesses in South
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Many multinationals like to brand along the lines of Africa, but in their ways do little to live the African values. But recently I saw an exception. Ecobank trades as the pan African bank. At the unfortunate death of their company Secretary (Annette Mwiriza Mukunda) and an amazing friend to
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Centenary Bank and StarTimes on Thursday signed a partnership that will see the bank’s customers acquire affordable StarTimes high quality digital TV sets and accessories under an Asset Financing Loan Scheme. The deal was inked at Centenary Bnak head offices at Mapeera House in Kampala. Customers will be able to
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Justine Bagyenda, the Executive Director in charge of Supervision at Bank of Uganda (BoU) has been on the hot seat since the controversial takeover of Crane Bank by Uganda’s Central Bank in October last year. She has been accused of sleeping on her job as the then 4th largest bank
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dfcu bank has overcome the challenging economic environment to post an impressive Shs114bn net profit in half year results for 2017, up from Shs23.3bn in June 2016. This impressive performance follows dfcu’s acquisition of Crane Bank early this year-at an undisclosed fee. According to dfcu, certain assets and liabilities acquired
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Stanbic Bank Uganda Ltd (SBU) has recorded Shs95.4bn net profit in its half year results for 2017, down from Shs107.2bn recorded in the year ended June 2016. This represents a decline of 11%. Releasing the results on Tuesday morning at Serena Hotel, Kampala, Patrick Mweheire , the Stanbic Bank Uganda
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