Tirupati Development (U) Limited has defeated KCB in a case involving US$7,000,000 (about Shs26bn) loan. Last year, Tirupati Development (U) Limited sued Bank of Uganda (1st defendant), KCB Bank Uganda (2nd defendant), KCB Bank Kenya ((3rd defendant) and Financial Intelligence Authority (FIA) – 4th defendant-over a number of grievances including breach
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Speaker Among has vowed to investigate how the top leadership of Parliament’s Finance Committee and officials of the Ministry of Finance attempted to sneak in a proposal that would have seen a 0.5% excise tax levy imposed on all bank transactions. The Speaker’s warning followed a recommendation fronted by Jane
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Banks have warned of a large increase in fraud in 2022, with much of this originating online. Barclays told the BBC that 77% of scams are now happening on social media, online marketplaces and dating apps. TSB said a large increase in cases of impersonation, investment and purchase fraud were
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Anthony Kituuka, the Equity Bank Uganda Managing Director. Equity Bank Uganda profit reduced by 46.8% to Shs45.75bn in 2022, down from Shs86bn in 2021, according to the bank’s audited financial statements for the year ended 31st December 2022. According to the banking industry results analyzed by Business Focus, Equity Bank is
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L-R: dfcu Bank’s Head Marketing - Jude Kansiime, Peter Mungoma - CEO of Capital FM Uganda, Somdev Sen - MTN Uganda’s Chief Marketing Officer and Emmy Hashakimana - Marketing & Innovation Director at Uganda Breweries Limited during the unveiling of the sponsors of the ‘Boyz ll Men Live in Kampala’
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The branch launch was graced by the State Minister for Foreign Affairs, Henry Okello Oryem (Centre). Goldmine Finance Limited, a fast-growing financial institution is thrilled to announce the opening of its newest branch in Ntinda, Kampala. The announcement of the new branch that is located at Aponye mall was made during the grand opening
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Housing Financial Bank officials and their guests in a group photo after the launch of Hoima City branch The Bank of Uganda (BoU), the regulator of the banking sector, has applauded Housing Finance Bank (HFB) for officially opening its 18th branch in Hoima ‘Oil’ City, saying the move is strategic.
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A photomontage of bank Chief Executive Officers and Managing Directors Uganda’s banking sector registered emphatic performance in 2022 reflecting a strong post-Covid-19 economic recovery. Despite the prolonged uncertainty of the global and local economy due to the Russia-Ukraine war and the associated impact on the global economy as well as
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Some of the participants during the medical camp organised by dfcu Bank at Marie Stopes Hospital Lugogo dfcu Bank, in partnership with Marie Stopes Uganda, has successfully concluded a one-month wellness campaign aimed at offering free medical check-ups and financial literacy training to dfcu Bank women clients. The initiative called ‘Every Stage
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Some of the scholars in a group photo with the bank officials. The 102 top-performing scholars are from the 50 Districts where the Bank has a branch presence. Equity Bank Uganda has commissioned the second cohort of beneficiaries under the Equity Leaders Program (ELP) by admitting 102 top-performing scholars from
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