Michael Atingi-Ego, the BoU Deputy Governor Bank of Uganda’s Monetary Policy Committee on Thursday maintained the Central Bank Rate (CBR) at 9.75% in order to control inflation while fostering Uganda’s economic growth and socio-economic transformation. The CBR is a benchmark lending rate for commercial banks. While issuing the Monetary Policy
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Representatives of Sponsors at the launch dfcu Bank has today announced the inaugural dfcu Jazz in the Pearl Festival, an event that will bring the biggest national and international jazz stars together for an unforgettable jazz experience that will fuse international and African music influences. The concert will be held
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Deputy Speaker, Thomas Tayebwa The Deputy Speaker, Thomas Tayebwa directed the Attorney General to present an update to the House on the progress of a proposed Consumer Protection law. This followed concerns by some legislators over the manner in which financial institutions like banks place high insurance charges on loans
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Parliament’s Budget Committee has recommended that Government contains its appetite for domestic borrowing, warning that the continued borrowing from local commercial banks to finance the national budget if not contained will negatively affect the private sector credit. The appeal was made by Remegio Achia, the Chairperson of the Budget Committee
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Prime Minister Robinah Nabbanja told MPs that unprofessional money lenders are going to be dealt with The Prime Minister, Robinah Nabbanja, has condemned the confiscation of National Identity Cards (IDs) by money lenders as collateral for loans, describing the practice as a violation of citizens’ rights and a threat to
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Housing Finance Bank MD Michael K Mugabi launched the HFB Salary Loan campaign dubbed Move Like a Don today at Four Points hotel. In a re-affirmation of its commitment to financing a sustainable future for all, Housing Finance Bank has launched the ‘Move Like A Don’ salary loan campaign.
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Gift Shoko’s appointment as Equity Bank Uganda new Managing Director is subject to regulatory approval. Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, has announced the appointment of Gift Shoko as the new Managing Director, subject to regulatory approval. Prior to his appointment as MD, Shoko served as
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John B. Kaweesi, Housing Finance Bank’s Head of Mortgages and Consumer Banking Aware of the stark reality that the global economy is increasingly getting digitized, Housing Finance Bank is setting the pace in Uganda through their digital campaign that comes with incentives for customer adoption to mobile banking, e-commerce & other
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Women entrepreneurs at the Annual Women Business Leadership Conference 2024 dfcu Bank recently partnered with the Uganda Women Entrepreneurs Association Limited (UWEAL) to empower and recognize the achievements of women entrepreneurs at the Annual Women Business Leadership Conference 2024 and Award Dinner Gala held on November 28th and 29th, 2024,
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Mumba Kenneth Kalifungwa, the new Stanbic Bank Uganda Chief Executive Stanbic Bank Uganda is pleased to announce the appointment of Mumba Kenneth Kalifungwa as the new Chief Executive and by extension, a member of the Board of Directors, effective March 1, 2025. This appointment follows required regulatory approvals. Mumba brings
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