Kumaran Pather, the Managing Director / CEO of Orient Bank Limited Subsequent to finalisation of the share acquisition transaction, I&M Group has announced plans to rebrand its newly acquired business in Uganda, Orient Bank Ltd to I&M Bank (Uganda) Limited. I&M Group PLC’s acquisition of 90% shareholding in Uganda’s Orient Bank
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Private Schools Seek Shs500bn Gov’t Bailout As Education Related Debt Nears Shs2 Trillion
L-R: MPS Michael Mawanda (Igara East) and Christine Sendawula (Kyankwanzi DWR) appearing before Education Committee Owners of private schools have asked Government to set up a revolving fund worth Shs5000bn by December 2021 from which they can draw money to facilitate the reopening of schools in January 2022. Michael Mawanda (Igara East)
Read MoreBusinessman Sudhir Ruparelia The controversy between Crane Bank and Bank of Uganda seems to be coming to an end after businessman Sudhir Ruparelia secured an injunction against the Bank of Uganda’s move to place Crane Bank (in receivership) under liquidation. The courts also barred the Central Bank from continuing with
Read MoreBalyokwayibwe’s car in front of his gate A 68-year-old retired banker and his wife are stranded after being thrown out of their home by a money lender. Francis William Balyokwayibwe was a manager at Stanbic Bank by the time he retired 16-years ago after a 28-year career that
Read Moredfcu Bank's CEO, Mathias Katamba (3rd right) joins the sponsoring partners of the 2021 Uganda Top 100 mid-sized companies’ survey to officially launch the initiative. The Uganda Top 100 mid-sized companies’ survey 2021 was launched yesterday October 06, 2021 at a press conference at Sheraton Hotel Rwenzori Ball Room. The
Read MorePhillipa Nanyondo Byamah, Senior Manager -Special Asset Management, Credit at dfcu As many Ugandans strive to recover and stabilize both their personal and business finances, dfcu Bank has announced an initiative to support its customers with repayment of loans.Phillipa Nanyondo Byamah, Senior Manager -Special Asset Management, Credit at dfcu expounds
Read MoreSonia Karamagi, Customer Experience Manager at Stanbic Bank Stanbic Bank Uganda is joining the rest of the world to celebrate the International Customer Service week through its new campaign dubbed ‘L.O.V.E.’ The International Customer Service Week is an avenue through which brands outdo themselves to give their customers a special
Read MoreHerbert Olowo, the Head of Operations and Information Technology at Absa Bank Uganda Absa Bank Uganda has announced the appointment of Herbert Olowo as Head of Operations and Information Technology (IT). His experience spans a 21-year career in Information Technology. Prior to joining Absa, Herbert was the Chief Information Officer in Stanbic Bank
Read MoreHousing Finance Bank Signs MOU With Habitat For Humanity And Buganda Kingdom, Hands Over Cheque For Construction of Two Houses
Mr. Michael Mugabi (R), the Managing Director of Housing Finance Bank handed over a cheque of 40 million shillings to Habitat for Humanity Uganda, in the presence of Buganda Kingdom’s Oweek. Mariam Nkalubo Mayanja, to be used for the complete construction of two houses for two underprivileged families in Kalagi
Read MoreSome of the farmers who participated in the recently concluded PostBank agricultural forum pose for a photo at Bomah Hotel in Gulu district. PostBank, a financial institution that is committed to empowering lives has today concluded a series of agricultural forums that sought to enhance farmers’ skills and capacity in
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