Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the market. The move by the shareholders of the bank also makes it the shortest journey of a business entity in Uganda’s banking industry, having launched operations in 2020
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State Minister for Microfinance Haruna Kyeyune Kasolo addressing a Meeting of Local Council leaders, He is mooting for Establishment of a Cooperatives Bank The State Minister in Charge of Microfinance, Haruna Kyeyune Kasolo is mooting for the establishment of a cooperative bank to save small enterprises the burden of
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Coffee beans being dried at the farm.Sandra Nakayenze set out to change the lives of female coffee farmers in the hills of Sironko District. dfcu Bank in partnership with Monitor Publication Limited’s Daily Monitor and Uganda Investment Authority (UIA) have been running a program dubbed ‘Rising Woman’ aimed at recognizing,
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Tumubweine Twinemanzi, the Executive Director-Supervision at BoU The collapse of Afriland First Bank Uganda Limited will have little impact on Uganda’s banking sector and the economy at large, Bank of Uganda (BoU) has said. Asked about the impact of Afriland First Bank exit on the banking sector and the economy at
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The Bank of Uganda (BoU) has approved a request by Afriland First Bank’s request for voluntary liquidation, Business Focus reports. Addressing the media at the Central Bank headquarters in Kampala on Thursday morning, Michael Atingi-Ego, the Deputy Governor at BoU, said the Central Bank on on May25, 2022 exercised its powers under
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A photo montage of some bank CEOs Customer deposits for all the 26 commercial banks operating in Uganda grew to Shs28.17 trillion in 2021, up from Shs26.8trillion recorded in 2020, Business Focus exclusively reports. Every year, this website carries out an in-depth analysis into the performance of banks based on
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Service Cops’ Executive Chairman, Joseph Kiiza Ndiho (left) shakes hands with Mr. Tsehay Shiferaw (centre), the Awash Bank Chief Executive Officer. Looking on is Mr, Mathias Kamugasho, the Service Cops Managing Director (2nd Left), Mr. Yohannes Merga (2nd right), the bank’s Chief Information Officer and the Chief Technology Officer; Mr
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Commercial banks are waiting for a go-ahead from retirement benefits schemes to start offering housing mortgage facilities secured against their savings. This as consultations between the benefits schemes and the government start with the aim of creating legal frameworks that enable them to operationalize the new development. In
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L-R: Israel Arinaitwe, Head of Client Coverage at Stanbic Bank, Sam Mwogeza, the Executive Head, Consumer Banking (Stanbic) and Claire Kateregga, the Marketing Manager for BuildNet unveiled the campaign in Kampala on May 25. Ugandans looking to buy their first house can now do so with up to 100%
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Michael Mugabi (R), the Managing Director at Housing Finance Bank says partnerships with credible and like-minded organizations play a very important role in ensuring that Ugandans have access to affordable financing Housing Finance Bank has today signed a partnership with Uganda Cooperative Alliance (UCA) as part of their commitment to providing affordable
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