Nairobi, Kenya | THE INDEPENDENT | Equity Group Foundation (EGF) Executive Chairman Dr. James Mwangi has commissioned the airlift of 98 scholars who have secured admission and scholarships to join 52 global universities located in 18 countries. The scholars are drawn from the Equity Leaders Programs in four countries – Kenya …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has been assigned a National Long-term Rating of ‘AAA (uga)’ with a Stable Outlook, the highest attainable on Uganda’s national scale. Assigned by Fitch Ratings, a world-renowned international credit rating agency, the Bank was also assigned a Long-Term Issuer Default Rating (IDR) …
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LETTER | Lynn Nasirumbi | Being a first-born daughter, I have always been an errand girl for my parents. Whether it is grocery shopping, taking my siblings to school or even making financial transactions. They trust me to get things done. But also, being typically African, it is harder for …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s Managing Director, Patricia Ojangole has for the third year running won the Sustainability Leader of the Year Award at the prestigious Annual Karlsruhe Sustainable Finance Awards. The recognition is given to individuals or institutions that demonstrate commitment to creating value for all …
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Kampala, Uganda | PATRICIA AKANKWATSA | VISA, a global leader in digital payments, has joined forces with the Uganda Bankers Association (UBA) to spearhead an innovative training program aimed at accelerating the growth of contactless payments in Uganda. With a shared vision of advancing financial inclusion and promoting secure, convenient payment …
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The adoption of PAPSS’s cutting-edge settlement model will streamline operations and empower businesses across Africa Kampala, Uganda | THE INDEPENDENT | Five African multinational commercial banking groups including KCB Group, Standard Bank Group, UBA Group, Ecobank Group and Access Bank Group have signed a Memorandum of Understanding with Afreximbank’s Pan-African Payment …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Law Society called for careful consideration and further deliberation before enacting laws related to Islamic Banking in Uganda. Expressing concerns over potential ramifications, society emphasised the importance of addressing various legal and practical challenges associated with the proposed legislation. During an appearance before …
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Kampala, Uganda | THE INDEPENDENT | The banking industry has asked for a statutory recognition of the Uganda Institute of Banking and Financial Services to empower it with the professionalization of the industry and the services. The industry leaders say this will also make it easy to enforce standards in the …
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Kampala, Uganda | THE INDEPENDENT | Sugarcane farmers in Busoga can now access up to Shs100 million in unsecured farmer loans repayable within two years at an interest rate of 2% per month courtesy of a new partnership between Stanbic Bank, Kakira sugar works, and Busoga Sugarcane Growers Association. Dubbed the …
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