BoU Governor, Prof. Emmanuel Tumusiime-Mutebile The Bank of Uganda (BoU) has said that the Government of Uganda has no intention of taking over or taxing unclaimed balances in bank accounts or mobile money accounts. In a statement signed off by BoU Governor, Prof. Emmanuel Tumusiime-Mutebile and Finance Minister, Matia Kasaija,
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MPs interacting with Housing Finance Bank top management The Parliamentary Committee on Finance has hailed Housing Finance Bank for the good performance over the years and the important role played in reducing the housing deficit in Uganda. This was during a meeting held on 16th September 2021 in which the Housing
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The Secretary to Treasury, Ramathan Ggoobi (pictured) has assured Ugandans in the diaspora that Government has no intentions of taking over or even taxing unclaimed balances in dormant Bank Accounts or Mobile Money Accounts. Ggoobi made the remarks while addressing members of the Uganda North America Association (UNAA), a body formed by Ugandans in
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The Managing Director of Absa Bank Uganda, Mumba Kalifungwa (pictured) has called for creativity of purpose driven innovations to enhance equitable service delivery for sustainable growth in the banking sector. Mumba said this during the 12th Edition of the Annual CEO Forum 2021 held under the theme ‘Innovating for Shared Value –
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The Insurance Regulatory Authority of Uganda (IRA) has published industry performance for the period April-June 2021 (Q2) with Bancassurance recording a 54% growth dominated by Stanbic Bank Uganda which consolidated its market-share to 21.2% from 19.1 between January and March. According to IRA, the insurance industry registered impressive growth in
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Grace Muliisa is new the Managing Director of Ecobank Uganda Ecobank Uganda, a subsidiary of the leading pan-African Banking Group, Ecobank Transnational Incorporated, (‘ETI’), and parent company of the Ecobank Group, is delighted to announce the appointment of Ms. Grace Muliisa as the Managing Director of Ecobank Uganda. The announcement
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Guest of Honor, Vice President Jessica Alupo, Stanbic Bank CEO Anne Juuko pose for a picture with some of the participating students and teachers The 6th Edition of the Stanbic National Schools Championship (NSC) recently came to a thrilling climax at the Sheraton Hotel Kampala, graced by the Vice President Jessica Alupo and State Minister for Youth, Sara Mateke. More than a dozen projects drawn from all regions of Uganda faced off, in a grueling final that
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PostBank Branch Manager Mubende, Ms. Margaret Nakkazi (C) and Mr Jimmy Ocen, Manager Agricultural lending PostBank (2nd R) Uganda pose with farmers in Mubende after 2021 Agriculture Forum PostBank a financial institution that is committed to empowering lives, has today launched a series of agricultural forums in seven districts. These forums
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Faridah Nalubega, Manager Cards and Money Transfers at dfcu Bank Under its umbrella campaign dubbed ‘Banking at the Speed of U!’, dfcu Bank has announced a new enhancement to its digital services, with the introduction of Cardless Deposit Functionalities across the country. With the new service, both dfcu and non-dfcu
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Commercial banks approved loans to a tune of Shs661bn which is Shs11.2bn less than loans approved in the previous month. This revelation is contained in the Performance of Economy Performance Report for August 2021 that was recently released by the Ministry. “The value of loans approved in July declined to
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