The launch of OYA Micro-Credit was graced by Ghanaian Consul to Uganda, Tom Buruku (in red), Trade Minister Amelia Kyambadde (C), OYA Micro-Credit Company CEO, Aaron Hoareau (2nd L) and the Directors The rapidly growing number of Small and Medium Enterprises (SMEs) mean that there’s need for unique and affordable financial
Read MoreBanking
The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts of the Coronavirus (COVID-19) pandemic on the economy.The Bank will also extend its financial support to financial institutions that may
Read MoreBoU Deputy Governor, Dr Michael Atingi-Ego The Bank of Uganda (BoU) has revealed that Uganda’s economic recovery has lost momentum due to surging COVID-19 cases. Dr. Michael Atingi-Ego, the Central Bank Deputy Governor made the remarks today while releasing the Monetary Policy Statement for February 2021, where BoU maintained the Central Bank
Read MoreA building on Republic road in Rukungiri town. one of the properties of the union/URN photo Kigezi Cooperative Union is struggling to restore primary farmer’s societies in an attempt to reinvent itself and engage in the coffee business. Registered in the 1960s, Kigezi co-operative union society progressed into one of the
Read MoreAbsa Bank Uganda has launched Business Banking capabilities on their Mobile Banking App, empowering business owners to perform multiple business-related transactions on their smartphones. Without having to visit a branch, users can approve transactions, view statements and complete various other self-service tasks using their smartphones at any time of the
Read MoreBahati allayed fears that there the taxes will be implemented without approval of the House The Minister of State for Finance, Hon. David Bahati has assured the country that no taxes can be imposed without the approval of Parliament. Bahati made this assurance while responding to a matter was raised
Read MoreMumba Kalifungwa, Managing Director of Absa Bank Uganda The Africa Financial Markets Index 2020 conducted by Absa Group together with The Official Monetary and Financial Institutions Forum (OMFIF) to gauge financial markets performance of selected countries has ranked Uganda 10th, the same position the country held the previous year.
Read MoreIn January 2019, UN Women and Standard Bank Group partnered to form a Climate-Smart Agriculture (CSA) programme aimed at empowering more than 50,000 women farmers in Uganda, Malawi, Nigeria and South Africa to take up modern and environmentally friendly farming technologies to increase yields and incomes across the agriculture value
Read MorePostBank Uganda Receives Award From UnionPay International As Africa’s Best Issuing Bank In 2020
Mr. Luping Zhang, the General Manager, UnionPay International, Africa (L) hands over a plaque to Mr. Julius Kakeeto, the Managing Director PostBank Uganda, in recognition of the bank emerging the Best Issuing Bank in Africa. PostBank Uganda has issued out 200,000 UnionPay cards having launched the card in November 2020
Read MoreHousing Finance Bank, Buganda Kingdom and Gouji officials witness the signing of the MoU at Bulange Mengo Housing Finance Bank has today signed a Memorandum of Understanding with the Buganda Kingdom, the proprietors of Mirembe Villas to provide affordable housing to Ugandans. The MoU will see the development of 400
Read More