Judicial officers have been asked to support the survival of companies in distress instead of issuing decisions that lead to their extinction. This comes as companies continue to struggle to pay off bank loans and other obligations like suppliers and salary arrears and other lagging effects of the pandemic.
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Equity Group chief executive James Mwangi The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket KSh1.62 billion (UShs50.94bn)in the wake of record banking profits that have delivered outsize shareholder payouts. The Kenyattas lead the pack with a
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Ms Shamim Nambassa(C) the Makerere University Guild President and Ms Anne Juuko (3R), the Stanbic Bank Chief Executive hold laptops during the launch of Funa ka laptop campaign at Makerere University recently. A creeping social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to
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Anne Juuko, the Chief Executive for Stanbic Bank Uganda The London based Global Brands Magazine (GBM) has named Anne Juuko, the Chief Executive for Stanbic Bank Uganda as the ‘Best Woman CEO’ in Uganda’s Banking sector for the year 2021. Uganda has 27 commercial banks, four of which, including a
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Miranda Bageine Musoke, Head Personal and Business Banking dfcu Bank dfcu Bank has today launched an unsecured salary loan campaign designed to respond to customers who may need a quick financial boost with a quick turnaround time for personal use. The campaign is set to run for 10 weeks (75
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The Ellevate by Ecobank event was attended by a variety of women business entrepreneurs and leaders that among others included (left-right) Charlyn Kentaro, founder of Kentaro Handmade Organics; Jennifer Mpyisi, the Ugandan Ambassador of the International Federation of Interior Architects/Designers (IFI) and Founder of Kuzu-Kiza; Mona Mutoni, Founder of Mona
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Uganda Bankers Association Chief Executive Wilbrod Owor Banks and other financial institutions that have fully adopted the electronic Know Your Customer (e-KYC) system are able to eliminate or prevent more than 90 percent fraud from their operations. The electronic system that enables the user to verify the identity of
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Enanga exhibiting a picture of wanted suspect The Closed Circuit Television (CCTV) security cameras on various Kampala metropolitan roads have captured thugs surveilling and trailing clients from banks and other financial institutions. Police’s Acting director for Information Communication Technology (ICT), Yusuf Ssewanyana yesterday released CCTV footage showing a Boda-boda rider
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Doreen Rutazaana, Head of Business and Institutional Banking at PostBank The Ugandan economy is emerging from the devastating effects of COVID-19 which ravaged different sectors causing some businesses to halt operations and others to permanently close. According to the 2021 report from Economic Policy Research Center (EPRC), 54% of businesses
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Banks have been challenged to be innovative in addressing challenges facing farmers Amidst a push for increasing access to agriculture financing by both government and donors, experts say those designing lending products for farmers should also help them build resilience with changes in weather. Paul Kweheria, the
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