The campaign was officially launched by Michael K. Mugabi (standing), the Bank’s Managing Director along with the Executive Director Mrs. Peace K. Ayebazibwe and other members of the executive at the Banks Head Office on Wampewo Avenue. Housing Finance Bank has launched a competitive Trade Finance Solutions campaign dubbed “Tambuza Business” (Move
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Named: Abdi Mohamed Absa Bank Kenya has named Abdi Mohamed the new chief executive, replacing Jeremy Awori, who exited in October last year after a nearly 10-year stint. Mr Mohamed, whose appointment is subject to regulatory approval, currently doubles up as Absa Tanzania managing director and acting managing executive for
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Absa bank offices Absa Bank Uganda has been ordered to pay Shs5.2 billion for illegally selling a school after it failed to repay a loan it had acquired. According to the court records, in 2004, Progressive Secondary School and its proprietors applied for loans worth Shs1.2 billion from then Barclays
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Some of the graduands of Business Accelerator Program pose for a photo with DFCU Bank and ADC officials after the graduation on Friday afternoon The Agribusiness Development Centre (ADC) in partnership with dfcu bank and Rabo Foundation Friday 3rd , 2023 passed out the first cohort of the Business Accelerator Program (BAP). The Business Accelerator Program, which
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The Newly appointed World Bank President Ajaypal (Ajay) Singh Banga (pictured) has unveiled plans to visit Africa among other regions soon to acquaint himself with the issues surrounding borrowers and partners. Banga is poised to become the next World Bank President later this year, amidst mixed reactions over his nomination
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Yogesh Pattni is the Managing Director of Victoria Commercial Bank. FILE PHOTO | POOL As far back as he can remember, Dr Yogesh Pattni was always interested in banking. His family landed in Kenya from India in the 1930s and were jewellers by tradition – goldsmiths. They got down to
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The Attorney General, Kiwanuka Kiryowa The proposal by Micro Finance Deposit Institutions (MDIs) to use the word ‘bank’ in their names has been rejected by Parliament on grounds that the move would cause confusion not only in Uganda’s banking sector but also attract legal battles across the world. This was during the consideration
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Banks are lending more to customers/Courtesy photo The value of credit approved by banks for disbursement in December 2022 amounted to Shs1.58 trillion, an increase from Shs 1.139 trillion the previous month, Ministry of Finance’s Performance of the Economy Monthly Report for January 2023, says. “This represents an approval rate of 77.6% in comparison to
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Deputy Governor Michael Atingi-Ego addressing media in Kasese. He wants farmers to utilize the ACF The Bank of Uganda Deputy Governor, Michael Atingi-Ego has tasked commercial banks and other financial institutions to sensitize farmers about the availability of the Agricultural Credit Facility (ACF) to enable them access favorable loans. He also wants commercial
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Ms Josephine Anan-Ankomah. PHOTO | COURTESY Ecobank Kenya has appointed Ghanaian career banker Josephine Anan-Ankomah as Managing Director to replace Cheikh Travaly who retired at the end of last year upon attaining the mandatory retirement age of 60 as set in Ecobank Group’s policy. Ms Ankomah will also double up
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