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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Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …
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DFCU DEAL: Taxpayer stands to lose Shs300bn Kampala, Uganda | HAGGAI MATSIKO | When Juma Kisaame; the Managing Director of DFCU Bank, looks at its latest financial results, he might have reason to smile and to worry. The bank’s latest financial results have excited shareholders but are also …
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It has lent out US$3.4bn and employed 2500 permanent staff Kampala, Uganda | JULIUS BUSINGE | Commercial Banks all over the world are portrayed as profit oriented and only work with customers they think have firm foundations to meet credit obligations. But the Standard Chartered Bank’s recently released independent study …
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Abuja, Nigeria | AFP | The Nigerian central bank’s Monetary Policy Committee will hold its first meeting this year on Wednesday after a political standoff between the executive and the senate prevented a quorum for months. Experts predict that the committee will hold rates at a record high of 14 …
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London, United Kingdom | AFP | There had never been much doubt that in London’s testosterone-fuelled financial sector female workers’ salaries lagged far behind those of their mostly male colleagues. Now this has been confirmed in black and white after the British government forced UK-based banks to publish their own so-called …
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The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …
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Hong Kong, China | AFP | Banking giant Standard Chartered on Tuesday announced a return of dividends for shareholders after a two-year hiatus as it reported a surge in annual profits following restructuring and cutbacks. The Asia-focused lender said it would pay out a full-year dividend of 11 cents per …
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The Independent Uganda: You get the Truth we Pay the Price
