Tunde Thorpe, Head of Transactional Products and Service at Stanbic Bank Stanbic Bank Uganda has launched an end-to-end digitalized trading platform dubbed “Quantum Trade” to enable customers access Import Letters of Credit and Domestic guarantees quickly within few hours. The online platform will facilitate trade and allow customers receive products in
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Uganda’s Finance Minister, Matia Kasaija (pictured) has blamed the delayed operationalization of Islamic Banking in Uganda on the absence of ‘competent Muslims’ to champion it. Minister Kasaija’s remarks were in response to concern raised by Abdulatif Sebaggala (Kawempe North) who tasked Government to explain why Islamic Banking hasn’t taken place despite the enactment of the
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dfcu Bank Managing Director, Mathias Katamba presenting the bank's 2021 outlook Dfcu bank overcame COVID-19 disruptions to consolidate growth in 2020. According to the bank’s results for the year ended December 2020 released today, dfcu’s asset base increased by 18% from Ushs2.95 trillion to Ushs 3.49 trillion in 2020, upheld by strong growth in
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Equity Group Managing Director and CEO Dr. James Mwangi The year 2020 was like no other. COVID-19 struck at the beginning of the year and the East Africa region had its first case of infection in early March. The global spread of the virus quickly became a pandemic. To comply
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Anne Juuko, the Chief Executive at Stanbic Bank Uganda Ltd Stanbic Bank net profit fell by 6.8% in 2020 to Shs241.68bn, down from Shs259.094bn recorded in 2019. The decline in profit has been attributed to COVID-19 that affected several companies and the economy at large. According to the bank’s financial
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Helen Basuuta Nangonzi has been appointed Marketing and Customer Experience Director at Absa Bank Uganda. Absa Bank Uganda has made changes to its senior leadership by announcing the new appointments of the Business Banking Director and the Marketing and Customer Experience Director. Albert Byaruhanga has been appointed Business Banking Director at
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Robert Wanok, Head of Business Banking dfcu Bank The last 12 months have been challenging for everybody; individuals, businesses and even large institutions have all been impacted in varying ways. To support individuals and businesses get back on track, dfcu Bank has rolled out the ‘Bounce Back’ campaign. The campaign complements
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Bank of Uganda Officials Francis Kakeeto and Fred Vito Wanyama (behind) The Director of Public Prosecutions has withdrawn charges against three Bank of Uganda officials who have been facing trial for having allowed an authorized cargo onto a chartered plane about two years ago.The officials who have been facing charges
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BoU Executive Director for Supervision Dr Twinemanzi Tumubweine The Attorney General has asked the High Court in Kampala to dismiss a case challenging the appointment of Bank of Uganda (BoU) Executive Director for Supervision Dr Twinemanzi Tumubweine.The state wants the case filed by activist Arnold Anthony Mukose dismissed on grounds
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Overall winners receiving their dummy cheques. Dfcu boss Mathias Katamba (L) says Uganda has an opportunity to feed East Africa For the sixth time running, dfcu Bank in partnership with Vision Group, the Netherlands Embassy, KLM Airlines and Koudjis Nutrition B.V have rewarded farmers across the country in an initiative dubbed
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