Ronald Kasasa,dfcu Bank’s Head of Business Banking In a move to continue making it more possible for businesses in Uganda to thrive, dfcu Bank has introduced an unsecured loan product to support small and medium businesses in Uganda. The unsecured loan product dubbed as “Baraka Loans” will enable customers to
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Commercial banks in Uganda approved loans worth Shs1 trillion in August 2020, the September 2020 Performance of the Economy Report released by Ministry of Finance has revealed. “During August 2020, Shs1, 020.57 billion worth of credit was approved for disbursement to the private sector,” the report reads in part. It
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Robert Nyehangane, the Head of Treasury at Housing Finance Bank Following its recent appointment as a primary dealer for Government securities, Housing finance Bank Uganda has announced that it will be one of the seven banks that have exclusivity to the primary auction under the competitive bidding where it will
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As part of its continued efforts to support businesses amidst numerous challenges presented by the impact of COVID-19, dfcu Bank is offering Unsecured bid bonds of up to Shs500m to support traders and contractors in the management of their working capital and secure contracts. Contractors in road construction, building and
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Equity Bank Uganda Managing Director, Samuel Kirubi is doing a commendable job Equity, with a balance sheet size worth Kshs. 673.7 billion at the end of 2019, has been listed at number 7 among the top 10 Banks in Africa in 2020 with a score of 5.82 in the overall
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Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor The Bank of Uganda has spoken out on recent media debates and discussions on issues related to the regulation and supervision of financial institutions and what amounts to conduct of financial institutions business in Uganda. In a statement dated Wednesday, October 14, 2020, Prof.
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A section Members of Parliament are calling for urgent reforms in the banking sector as one of the ways to prevent what they termed as exploitation of Ugandans. This is after Justice Henry Peter Adonyo ruled that loans Diamond Trust Bank-Kenya offered to local businessman, Hamis Kiggundu aka Ham through
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Central Bank of Kenya Governor Patrick Njoroge More than 337 unregulated digital mobile lenders and micro financiers have been barred from forwarding the names of loan defaulters to credit reference bureaus (CRBs). The CRBs say the number of firms allowed to blacklist defaulters with the bureaus has dropped to 2,254
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BoU Governor, Prof. Emmanuel Tumusiime-Mutebile Bank of Uganda (BoU) has spoken out the judgment of the Commercial Division of the High Court in Misc. Application No. 654 of 2020 and High Court Civil Suit No. 43 of 2020 involving M/s Ham Enterprises and Others –Vs- Diamond Trust Bank (U) Ltd
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UBA Executive Director, Wilbrod Humphreys Owor Commercial banks under their umbrella body, Uganda Bankers’ Association (UBA) have protested High Court ruling in which Judge Henry Peter Adonyo ordered Diamond Trust Bank to pay Ham Enterprises Ltd Shs120bn reportedly illegally debited from the company’s accounts. The judge also ordered the bank
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