Tag Archives: Banking

 The program is voluntary and is based on the informed assessment and judgement of the participating financial institutions Kampala, Uganda | THE INDEPENDENT | Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by …

The banking industry except two credit institutions held strong capital buffers signalising increased resilience to potential shocks Kampala, Uganda | ISAAC KHISA | Uganda bank profits rose 27% in 2021 from the previous year as the economy partially recovered, but the industry’s future faces uncertainty due to the ongoing Russia-Ukraine …

Kampala, Uganda | THE INDEPENDENT | The idea of mobile phone lending was first made a reality in Uganda IN 2016 when Commercial Bank of Africa, CBA, partnered with MTN to launch the MoKash product. This was an expansion of MTN’s Mobile Money services to diversify into savings and loan products …

Kampala, Uganda | THE INDEPENDENT | Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the market. The move by the shareholders of the bank also makes it the shortest journey of a business entity in Uganda’s banking …

Kampala, Uganda | THE INDEPENDENT | Lawmakers on Commissions, Statutory Authorities and State Enterprises – COSASE were on Thursday morning left upset after the Minister of Finance, Planning and Economic Development Matia Kasaija failed to appear before them for the second time, without giving any reason. Led by Joel Ssenyonyi, the …

Kampala, Uganda | THE INDEPENDENT | Sarah Arapta has been elected chairperson of Uganda Bankers’ Association (UBA) after their their annual general meeting in Kampala. She takes over from Mathias Katamba who served for two years 2020 and 2021. Arapta is the Chief Executive Officer of Citibank Uganda. As he handed over …

Kampala, Uganda | THE INDEPENDENT | Absa Bank has reinforced its position as one of the leading banks in Uganda after a record year that saw them hit a profit mark of over sh100billion for the first time. Absa Uganda financial results for the year ending December 2021 released on Monday …

Johannesburg, South Africa | Xinhua | Bank of China Johannesburg branch and Johannesburg Stock Exchange (JSE) signed here Friday a memorandum of cooperation (MOU) in order to promote the China-Africa economic and trade cooperation. Chen Longjian, CEO of the Bank of China Johannesburg branch, commended the efforts of JSE to …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda insists its not yet safe enough for the banking industry to start paying dividends to their shareholders, two years since this was suspended. Following the outbreak of COVID-19 in 2020, the banking industry was given guidelines to survive the pandemic, and …

Profit After Tax increased by 99% to Ushs 1.2 trillion ($349million) Nairobi, Kenya | THE INDEPENDENT | Equity Group has recorded superior performance for the year ended 31st December 2021, putting it at the top as the regional financial sector market leader, despite the challenging operating environment characterized by a global …