Dfcu Bank has agreed to vacate all the branches owned by Meera Investments Limited, which is part of the Ruparelia Group of Companies. The bank has called opened bids for companies that want to provide consultancy services at it seeks to relocate to new areas in various districts and towns
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Bank of Uganda (BoU) has issued commercial banking licenses to two institutions, bringing the total number of commercial banks to 26. In a statement issued on Friday morning, the Central Bank revealed that Opportunity Bank that has been trading as a credit institution is now a commercial bank. "Bank of
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Abdulaziz M.A. Mansur (pictured) is the new Managing Director at Tropical Bank, replacing Sameh M. Krekshi, who left the bank in October 2018. After Krekshi’s departure, Dennis M. Kakeeto, who was the Executive Director became the Acting Managing Director, a position he has held for almost a year. During this
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Tropical Bank is in final stages of rolling out Islamic Banking products and services in Uganda. Speaking at the sidelines of Tropical Bank’s annual dinner for corporate customers held at Hotel Africana on Thursday, Dennis M. Kakeeto, the Bank’s Executive Director revealed that they are ready to pioneer Islamic Banking
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dfcu Bank recently won the Digital Awareness Initiative award at the just concluded Digital Impact Awards Africa (DIAA) that took place at the Mestil Hotel, Kampala. The bank has been spearheading the use of digital technology to drive financial literacy and inclusion in Uganda. dfcu Bank received the award for
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Tropical Bank Limited has unveiled Abdulaziz M.A Mansur as its substantive Managing Director, replacing Sameh M. Krekshi, who was fired in October 2018 on orders of Bank of Uganda. After Krekshi’s departure, Dennis M. Kakeeto, who was the Executive Director became the Acting Managing Director, a position he has held
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Over 100 Contractors and stakeholders in the Construction sector gathered on Tuesday for a dialogue on,‘Building strategic partnerships to foster sustainable growth in the Construction sector’. The event hosted by dfcu Bank presented a platform to discuss challenges, opportunities and prospects for key players in the sector. The construction sector
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By Milly Kyolaba A critical period in the year for every parent is Back to School season. For any parent especially those with more than one child, the thought of paying schools fees to multiple schools can be a chore. All parents dread the idea of having tostanding inendless queues
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Equity Group Holdings is set to acquire a controlling equity stake in Commercial Bank of Congo (BCDC) with the aim of merging the business with its existing subsidiary in DRC, Business Daily reports. The proposed deal will give new impetus to Equity's Pan-Africa expansion strategy coming just after similar transactions
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Barclays Bank of Uganda Limited is preparing to change to Absa Bank Uganda Limited. “As part of our preparation, we are taking a sequenced approach to our change plans. Some branches will start to reflect several elements of the new brand before others,” the bank said in a statement. It
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