The Deposit Protection Fund (DPF) has commenced the verification of documents of the company and joint account holders of ECF Uganda, the microfinance that was closed last month. The document verification exercise is aimed at facilitating payment of the deposits. This follows the completion of payment of individual depositors who had
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Ramathan Ggoobi, the Secretary to the Treasury The Ministry of Finance, Planning and Economic Development has tasked banks on the transfer of the Parish Revolving Funds to Parish Development Model SACCOs. In March 2022, Cabinet directed Finance Ministry to disburse revolving funds under the PDM through the government financial institutions.
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Bryan Katamba, the Sector Head of Education and Health at dfcu Bank dfcu Bank, one of Uganda’s leading financial institutions has been at the forefront of Transforming lives and businesses in Uganda. The Bank is committed to doing this by being part of many success stories in Uganda’s economy in
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R-L: PostBank Chief Retail Officer, Ibrahim Kato, PostBank Executive Director Andrew Kabeera, Managing Director, Julius Kakeeto, Airtel Money MD Japhet Aritho, Public Relations Manager David Birungi and Muhimbo Doreen from Airtel money PostBank Uganda has partnered with Airtel Money in a strategic move aimed at fostering financial inclusion by eliminating
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The winners of the dfcu Rising Woman Competition being flagged off for a study tour in Nairobi Joined by its partners from Daily Monitor, Uganda Investment Authority and Uganda Airlines, dfcu Bank flagged off 10 women entrepreneurs who emerged winners in the 6th season of the dfcu Rising Woman Competition to
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Scammers are increasingly innovating new ways of stealing from Ugandans. The latest trick is using registered online lending platforms to defraud Ugandans of their hard-earned money. The registered online platforms start by lending out small amounts of money, ranging between Shs15,000-50,000. "Dear Client, because of your good reputation, we have upgraded your record," they
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Minister of State for Microfinance, Haruna Kasolo making remarks at the launch State Minister for Finance Haruna Kasolo has instructed the Uganda Microfinance Regulatory Authority (UMRA) to stop issuing operating licenses to online money lenders until the government establishes a mechanism to regulate them. The instruction was part of the minister's response
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L-R: Aaron Akampa HeadEnterprise Banking Stanbic Bank,Israel Arinaitwe-Head Personal Banking-Stanbic Bank,Yiga Albert-Head Education Sector- Stanbic Bank,Dogo Singh-Bancassurance Manager-Stanbic Bank To stimulate economic activity, Stanbic Bank Uganda has announced a new lending campaign dubbed Oli Sorted, aimed at facilitating Ugandans to access affordable credit to finance their personal and commercial needs.
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I&M Bank officials in a group photo. The bank has phased out the old Orient Bank-branded Visa debit cards I&M Bank Uganda has reaffirmed its aspiration to become Uganda’s leading financial partner for growth, announcing the phasing out of the old Orient Bank-branded Visa debit cards. The bank’s customers will
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Bryan Katamba, the sector head of Education and Health at dfcu Bank dfcu Bank, one of the leading financial institutions in Uganda, has announced the launch of its transformative loans campaign, "Ggwa Mu Bintu," aimed at supporting the dreams and financial needs of its customers across Uganda through the provision
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