Lloyd Jonathan Busuulwa, the dfcu Bank Head of Alternative Channels dfcu Bank has today launched a paperless account opening solution that allows existing customers to open an account online, using dfcu QuickBanking, the Bank’s digital banking platform. Through the campaign dubbed ‘Secondary Account Ku-Spot’, the solution offers customers the option to
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Keith Kalyegira, CEO of the CMA The level of savings and investment in Uganda’s capital markets has grown significantly, notwithstanding the reduction of disposable incomes as a result of the prevailing inflationary pressures, the Capital Markets Authority (CMA) latest Quarterly Bulletin update indicates. The report indicates that Collective Investment Scheme (CIS) Managers had
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Uganda Clays Managing Director, Reuben Tumwebaze Uganda Clays Ltd, the oldest manufacturer of clay building materials, has seen its 2022 half year profit after tax drop by 54% to Shs1.3 billion compared to Shs2.7 billion in June 2021. According to the Company’s Unaudited Financial Statements for the Six Months Ended
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Yona Kanyomozi Veteran politician Yona Kanyomozi has died. Kanyomozi died on Sunday at Nakasero Hospital. Jimmy Akena, the Uganda People's Congress (UPC) President, confirmed Kanyomozi’s death to Uganda Radio Network (URN) saying that more details will be availed. Kanyomozi, 82 has previously served in different capacities as Minister, Member of
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The lengthy vote counting process in Kenya is making the whole election period longer than it has been expected and hoped before, and this is influencing the activities in the financial markets. The business community in the region as a whole has been waiting for the end to the
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The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar. The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar, triggering costly imports and higher international debt repayments ahead of Tuesday’s general elections. Central bank of Kenya (CBK)
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The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst sustained intervention into
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Trading taking place at the bourse/ Courtesy photo Uganda Securities Exchange (USE/ “The Exchange”) has spoken out on the allegations of a data breach from its servers; specifically allegations of the leakage of personal data from the USE Easy Portal. In a statement dated June15, 2022, USE says based on a
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The Deputy Speaker (R) and MPs Keefa Kiwanuka (3rd, R) and Nathan Igeme Nabeta (2nd, R) with the promoters of Zaabu Deputy Speaker Thomas Tayebwa has interested Ugandans into investing in the stock markets, saying that this will facilitate the money multiplier effect while avoiding business losses. “There are
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Officials from CMA and ODPP in a group photo. The MOU aims to improve the efficiency of prosecution of capital markets related crimes as economic crimes in general hit 10,966 in 2021 The Capital Markets Authority (CMA) and the Office of the Director of Public Prosecutions (ODPP) have today signed
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