Kenyan banks are making more money from their customers compared with their much larger Nigerian counterparts thanks largely to technology, ratings agency Moody’s says in a new report. Deployment of mobile channels to replace brick and mortar and hiring of third party agents have helped banks cut the number of
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Finance Trust Bank has been awarded the Best Visionary Bank of the Year at the 7th Visionary Awards 2019 under the category of Banking and Finance. The awards are organized by the Government of Uganda. The award is presented by The People of The Republic of Uganda in appreciation for
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Absa Bank Limited has received regulatory approval from both the United States Federal Reserve Board and New York State Department of Financial Services (NYSDFS), the New York State regulator, to open a representative office in New York. The office is expected to be operational by the end of the year.
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dfcu Bank customers can now access Agent Banking services at select Shell fuel stations across the country. This follows an official announcement of a strategic partnership between Vivo Energy Uganda and dfcu made this morning at Shell Banda. Speaking at the launch, the dfcu Chief Executive Officer Mathias Katamba said:
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The Bank of Uganda (BoU) Governor, Prof. Emmanuel Mutebile is clueless about crypto-currencies, Minister of Finance, Matia Kasaija has said. Kasaija says he is worried about how Uganda Revenue Authority will tax this form of digital currency. The Minister described digital taxation as a challenge, saying the rate at which
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The Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile (pictured) has provided an assessment of the banking sector in the recent past, the present, and where it is going. He gave the status of the banking sector during the 2019 Annual Dinner for the Uganda Bankers’ Association (UBA) held on
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Primrose Kobusingye has joined FINCA Uganda Limited, also known as FINCA Uganda as the Head of Marketing, Business Focus exclusively reports. This website recently reported that Kobusingye (pictured above) had quit Ecobank as the Head of Marketing, Product Development and Communications, but we hadn’t established her next destination. Kobusingye recently
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Banks are increasingly tightening lending to large enterprises while easing credit extension to households, a new survey by the Bank of Uganda (BoU) has indicated. According to the lending survey conducted by BoU’s Statistics Department in the first quarter of 2019/20, credit standards on loans to enterprises were tightened contrary
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Months after being fired by Uganda's Central Bank, dfcu bank has also ditched city law firm, Sebalu & Lule Advocates as representatives in the case against Meera Investments Limited. According to a notice of change of to the High Court in Kampala, dfcu bank has now hired the services of
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Several international banks enabled corruption in South Africa under former President Jacob Zuma, British lawmaker Peter Hain has said. At an inquiry hearing, he said HSBC, Standard Chartered and India's Bank of Baroda were "directly culpable". The inquiry is investigating claims of graft against Mr Zuma and the Gupta family.
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