Jackie Aneno Obol-Ochola/ online photo The Board of Directors of dfcu Bank Limited has announced the appointment of Jackie Aneno Obol-Ochola as a Director of the Company with effect from 28th October 2020. According to the statement issued by the bank, Jackie is a Ugandan technology enthusiast and Business Leader.
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Dr Twinemanzi (L), the Executive Director -Supervision at BoU consulting with his boss Mutebile before COSASE meeting in 2018 The Executive Director Supervision at Bank of Uganda (BoU), Dr. Tumubweinee Twinemanzi has shockingly revealed that he doesn’t have some key documents on Crane Bank Ltd (in receivership). He made the
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David Wandera, Absa Bank Uganda's Head of Markets during the release of the Absa Financial Markets Index (AFMI) in January 2020. In August 2020, Absa Bank Uganda launched NovoFX app that makes cross-border payments easy. Business Focus exclusively interviewed David Wandera, Absa Bank Uganda’s Head of Markets, about the benefits of
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Housing Finance Bank Uganda Managing Director, Michael Mugabi (L) and the AgenceFrançaise de Développement (AFD) country Director in Uganda, Hatem CHAKROUN after signing the agreements Housing Finance Bank Uganda Managing Director, Michael Mugabi and the AgenceFrançaise de Développement (AFD) country Director in Uganda, Hatem CHAKROUN, have signed two financing agreements
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Tycoon Sudhir Ruparelia Details have emerged why the Bank of Uganda on Friday November 13, 2020 announced that it had placed Crane Bank Limited (CBL) in receivership under liquidation and ordered the winding up of its affairs. Winding up is the process where a company ceases operations, with liquidation being
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Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile Bank of Uganda (BoU)’s plans to liquidate Crane Bank Limited (CBL) in receivership are illegal and could cost taxpayers more money, should it go ahead, several lawyers have said. Yesterday, the Central Bank put an announcement on its social media channels, purporting
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Equity Group Managing Director and CEO Dr James Mwangi Equity Group profit declined 13.9 per cent to KSh15 billion in the nine months to September from KSh17.4 billion last year after the lender increased its loan book provision 11-fold. The lender’s loan loss provision jumped from KSh1.3 billion to KSh14.3
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Mumba Kalifungwa (L), the Managing Director at Absa Bank Uganda speaking to business journalists and editors Banks will play an important role in Uganda’s economic recovery from the COVID-19 impact, Mumba Kalifungwa, the Managing Director at Absa Bank Uganda has said. He made the remarks during a media round table
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Yusuf Babuwaire, Senior Manager Personal Banking at Housing Finance Bank With the Uganda Bureau of Statistics estimating that the housing deficit in Uganda is at 2.1 million units, experts have said that this situation needs urgent attention. The deficit is estimated to be highest in Kampala. We caught up with
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Majority of the banks (95.8 percent) reported that they had restructured some of their credit facilities during the first quarter of 2020/21, Bank Lending Survey Report for First Quarter - FY 2020/21 has revealed. “On average, banks indicated to have restructured 29.2 percent of their loan portfolio in the quarter
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