Absa has reacted swiftly to the COVID-19 pandemic by designing, offering and implementing smart solutions and offering significant financial respite during these times. COMMENT | Vimal Kumar | When a crisis of the magnitude of Covid-19 strikes, it is our role as a responsible lender to put forward various immediate and …
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Washington, United States | AFP | Robots will do the shopping at a US startup which is banking on fully automated warehouses for groceries and other merchandise at a time when the pandemic has made workplace safety a key concern. The new Home Delivery Service aims to create a “touchless” and …
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Why government must support the banking sector to keep credit flowing to stimulate economic growth COMMENT | SIMON MUTUNGI | Following the 2008 Global Financial Crisis, many banks collapsed worldwide while others had to plow through public funds in the form of government bailouts in order to survive. To …
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Innovate or wear your noose Kampala, Uganda | Michela Jjingo | Before 1990, working in the bank used be a nightmare! Even when they were opening at 9am and closing at 12pm, due to the manual processes, ledger cards, pass books and others, staff were going home at about 7pm. …
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Kampala, Uganda | THE INDEPENDENT | Centenary Bank has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund worth US$10million to fund SMEs in Uganda. The 5-year partnership aims to unlock financing intended to facilitate the promotion and growth and development of Small and Medium sized Enterprises. Fabian …
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China starts lifting restrictions on foreign investment Beijing, China | AFP | China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From the start of …
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Industry experts foresee a competitive, innovative and technology driven sector Kampala, Uganda | JULIUS BUSINGE | Rivalry in Uganda’s banking sector is expected to tighten following the central bank’s decision to grant two entities licenses to start banking business. These are Afriland First Bank Uganda Limited, a Cameroonian …
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London, United Kingdom | AFP | Departing Bank of England governor Mark Carney insisted Tuesday that there is sufficient time to hand over to his successor, despite Brexit chaos. Canadian Carney, 54, leaves his role on January 31 having extended his tenure twice on turmoil over Britain’s looming exit from …
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Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) today concludes a three-day retreat in Kampala, Uganda for the mid-term review of its Fifth Strategic Plan dubbed IMPACT 2021: Africa Transformed. Afreximbank operates on five-year strategic plans. The current strategic plan, which is the Bank’s fifth, covers the …
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Kampala, Uganda | THE INDEPENDENT | Amirali Karmali, the proprietor of Mukwano Industries Uganda Limited is dead. The entrepreneur died quietly on Wednesday evening in Fort portal, according to reports. Karmali, born in the 1930s is the father to Alykhan Karmali, who is currently running the family business empire that spans …
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