Tag Archives: bank

JOBS: Clerks (technicians) Currency department BOU Kampala, Uganda | THE INDEPENDENT | Applications are invited from qualified Ugandans to fill 4 vacant positions in the Currency Department, Bank of Uganda. Advertisement of Vacant Positions in Bank of Uganda by The Independent Magazine on Scribd   Share on: WhatsApp

Mumbai, India | AFP | India’s central bank held interest rates at a seven-year-low on Wednesday as it downgraded growth forecasts for Asia’s third largest economy amid a slowdown following recent high-profile reforms. The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends …

Albert Saltson has been appointed the new Chief Executive Officer (CEO)/ Managing Director of Standard Chartered Bank Uganda. The Ghanaian has been urged to put energies on fighting the rising cases of money laundering that threat the bank’s profitability and the Ugandan economy.   Share on: WhatsApp

  Washington, United States | AFP |  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …

Women activists under their umbrella body the Uganda Women Network (UWONET) have demanded the resignation of State Minister for Water Ronald Kibuule for allegedly assaulting a bank female security officer who attempted to search him. Ronald Kibuule has denied the allegations, saying that all he did was caution the guard. He …

By Enock Twinoburyo High interest rates indicative of Uganda’s unsustainable economic fundamental weaknesses I recently received a notification from my bank increasing the prime lending rate from 23.5% to 26.5% applicable to both the existing and new borrowers.  This also implies that majority of the borrowers, who are not the …

By Eriasa S. Mukiibi Real estate developers want banks to change mortgage rules Joseph Kironde’s house in Kansanga, an up-market residential suburb of Kampala, looks somewhat misplaced amid the storied multi-roomed properties behind high wall fences and fancy gates. Kironde’s house is a four-roomed affair, with whitewashed walls, sitting on …

By Patrick Kagenda Bank also plans to make all notes the same size and with similar features A senior source in government has told The Independent that Bank of Uganda is introducing a Shs2000 currency note soon. The source said the new note is part of a plan by the …

By Patrick Kagenda The PTA bank last week raised Shs 8.5 Bn in the first tranche of its Shs 40Bn bond issued on the Ugandan market. Dr. Michael Gondwe, the PTA bank president explains its strategy. How do you rate the performance of your bond? The bond took quite a …

By Independent Team & Agencies Equity Bank survived being locked out of the Nairobi stock Exchange after two regulators battled over an attempt to suspend its custodial license for two weeks over alleged breach of regulations. Equity’s suspension resulted from the bank failing to pay the Central Depository Settlement Corporation …