Absa Group, one of the leading pan-African financial services group, has appointed Cheryl Buss (pictured) as CE of Absa International which includes managing Absa Securities United Kingdom. Among other responsibilities, this position will see her lead the bank’s international operations in its efforts to enable a globally scalable business that
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Stanbic Bank Uganda has today awarded 468entrepreneurs from 156Small and Medium Enterprises (SMEs) certificates after completingbusiness trainingcourses at the bank’s Business Incubator in Kampala. This is the fourthgraduation ceremony of entrepreneurs from the Stanbic Business Incubator since its inception in February 2018. The training has recently been expanded upcountry to
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dfcu Limited (‘dfcu”) has informed its shareholders and the public that CDC Group PLC, a Development Finance Institution owned by the British Government, headquartered in London has sold all the 74,580,276 shares it held in dfcu to the Investment Fund for Developing Countries (“IFU”), a Development Finance Institution owned by
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Dfcu limited has revealed that one of its significant minority shareholders will exit the company. In a customary statement dated 13th December 2019, dfcu informs shareholders and the general public thus: “dfcu Limited (“the Company”) advises its shareholders and the general public that a significant minority shareholder has received and
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The Bank of Uganda (BoU) has revealed that Uganda’s economic activity slowed down in 2019 due to slowing global activity and domestic factors. “The BoU’s high frequency indicator of economic activity, the Composite Index of Economic activity (CIEA),points to a moderation of economic activity since the beginning of 2019,” BoU
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Ecobank has won “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London. Ecobank Cameroon, Gambia and Rwanda won Bank of the Year at The Banker Awards on 28th November. This recognition came just before Ecobank Cabo Verde, Gambia, Liberia and Zimbabwe won Best
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Bank of Uganda is once again on the spotlight after it was discovered that 12 staff who falsified their age were allowed to retire and given hefty benefits. Reports reveal that on November 16, 2019, the bank’s Human Resource Director Dr. Jan Tibamwenda wrote to the deputy governor, Dr Louis
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A section of clients who do business with Bank of Africa (BOA) continue to express their frustrations over the financial institution's delayed digital service. According to reports, the bank is grappling with implementing smooth operations in the digital space, something that has seen clients miss out on withdrawing their hard-earned
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Uganda's Central Bank has warned Ugandans against writing on Banknotes saying it is illegal. This warning is contained in a tweet posted on Monday in response to a one Masha Abrah Abbie who gave Bank of Uganda and police an ultimatum over the matter. "This is wrong, deliberately writing on
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Africa’s biggest bank by market value just became a possible takeover target - at a time when potential buyers are scarce. Billionaire Johann Rupert’s Remgro Ltd and RMB Holdings Ltd are spinning off their stakes in Johannesburg-based FirstRand Ltd to achieve better value for their investment in the banking group.
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