A customer waiting to be served at Post Bank (Courtesy Photo) Arua central police station is holding five staff of the Post Bank over the alleged theft of Shillings 138 million. The suspects include Leonard Lakwey, the Operations Manager, Walter Feni, the Customer Service Officer, Resty Lunkuse, David Tenywa, and
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Annette Kiconco, dfcu’s Chief Retail Banking Officer dfcu Bank has launched ‘Ggwa Mu Bintu’, a 16-week Unsecured Personal Loan Campaign. The campaign will run up to 30th June 2024 and will allow salaried individuals to access Unsecured Loans of up to Ugx. 250 million. The dfcu Personal Loans campaign comes
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The Bank of Uganda (BoU) has in exercise of its powers under section 13 of the National Payment Systems Act, 2020, effective today February 29, 2024, suspended the licences of M/S Pivot Payments Limited as a Payment Service Provider and a Payment Systems Operator. In a statement signed off by
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XSABO's Dr. David Alobo, ERA Chairperson Dr. Sarah Wasagali and UDB Acting MD, Dr. Denis Ochieng pose for a photo shortly after the Bank released its 2023 performance results in Mubende on Wednesday. Uganda Development Bank’s (UDB) has posted a strong performance following a successful 2023. While addressing the media
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The Ministry of Finance, Planning and Economic Development has revealed that Uganda has finally left the grey list after fulling some requirements needed to counter money laundering in its banking system. The pronouncement was made by the Ministry of Finance on its official X formally Twitter handle where the Ministry
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Anne Juuko Anne Juuko is set to leave her position as Stanbic Bank Uganda's Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be heading to Nairobi, Kenya where she will take up the new role
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Left to right: Head Alternate channels & Cards Alvin Musinguzi, CEO Robin Bairstow, Executive Director & Chief Operations Officer Sam Ntulume, and Chief Business Officer Edward Gibson Nangono during the launch of the new banking system I&M Bank has unveiled the Finacle Core Banking Solution System , a new banking system
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Officials from Uganda Bankers' Association, Bank of Uganda, Ministry of ICT and bank CEOs in a group photo after the launch of the BIGF/UBA Photo The Uganda Bankers’ Association has issued guidelines on how to mitigate fraud within Uganda’s financial sector, with one of the proposals entailing all commercial banks to
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Dr. Tumubweine Twinemanzi, the Executive Director, Supervision at BoU Uganda’s banking sector performed better in 2023 compared to 2022 as the economy continues to recover from the COVID-19 impact. According to Uganda Bureau of Statistics, GDP grew by 5.2% in FY 2022/23, from 4.6% in FY 2021/22. Bank of Uganda
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Bank of Uganda has joined the Valentine’s Day frenzy by reminding Ugandans against using banknotes as bouquets, saying such actions increase the cost of printing money to the Central Bank. The Central Bank issued the reminder on its social media platform X formerly Twitter writing, “Today is a good day to
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