Kampala, Uganda | HAGGAI MATSIKO | The cost of taking over Crane Bank continues to skyrocket and could hit way over Shs. 500 Bn, The Independent can exclusively report. The latest revelations indicate that the lawyers, who represented Bank of Uganda in the entire process of taking over Crane Bank …
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Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, plans to roll out its mobile banking platform mid this month and later agent banking to facilitate customer convenience and also tap into the unbanked population. UBA Uganda CEO Johnson Agoreyo said the lender is in the final stage …
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Afreximbank is expected to provide finance to export projects in manufacturing, mining, infrastructure and related ventures Nairobi, Kenya | ISAAC KHISA | The African Export-Import Bank (Afreximbank) has ditched Nairobi in favour of Kampala to set up its regional headquarter. Benedict Oramah, the bank’s president, told The Independent in an …
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Mobile money to the rescue as banking sector remains too shallow to leverage financial inclusion COMMENT | ENOCK NYOREKWA TWINOBURYO | In line with statutory requirements, all banks are supposed to publish their financial statements by the end of April of each year. The published banks’ results for 2017 are …
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Johannesburg, South Africa | THE INDEPENDENT | Barclays Africa Group Ltd shareholders have approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time. The group name change will not affect …
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Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …
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Kampala, Uganda | THE INDEPENDENT | Customers of Standard Chartered Bank are experiencing new service of a full-fledged digital bank recently opened in Ntinda, a Kampala suburb. The Bank’s Managing Director, Albert Saltson, said the new digital branch, located at the Vivo Energy Petro Service Station and fully equipped with digital …
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Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent magazine.. COVER STORY Museveni looks for new BoU governor: IMF’s Ating Ego, Kasekende, Muhakanizi, Kizza in race. HEALTH Cuban doctor controversy: Does Uganda Medical Union, NOTU, understand what they are fighting? THE LAST WORD Understanding why …
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Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …
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Centenary becomes third bank to unveil micro-loans to customers via mobile phones Kampala, Uganda | ISAAC KHISA | Despite talk that micro-loans may not create a big impact on the economy, the scramble for a share of the small loans business by Uganda’s banking industry continues to gain momentum. Centenary Bank …
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