Local financial companies are capitalising on the opportunities left by international banks exiting Africa yet continue to struggle with the gap between perceived and actual risks in the market. SPECIAL REPORT | BIRD AGENCY | In early 2022, UK-headquartered Standard Chartered Bank announced it was exiting five African countries and …
Read More »
Kampala, Uganda | PATRICIA AKANKWATSA | In a concerted effort to champion women’s economic empowerment in Uganda, the Uganda Bankers’ Association (UBA), in collaboration with VISA, hosted a pioneering forum at Mestil Hotel in Kampala on Oct. 24 underscoring the pivotal role of enhancing women’s access to tailored financial services and …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association has endorsed the Bug Bounty Program as part of efforts to improve the security of the financial industry against cybercrimes. The Bug Bounty is the monetary reward offered to ethical hackers who specifically uncover and document vulnerabilities for application developers. …
Read More »
Kampala, Uganda | THE INDEPENDENT | Commercial bank customers can now opt to pay their outstanding loan balances earlier than scheduled, without fear of being charged for the early clearance. This follows the decision made by the Regulated Financial Institutions under the Uganda Bankers Association (UBA) last month and communicated …
Read More »
Kampala, Uganda | THE INDEPENDENT | The stop EACOP campaigners are now targeting Chinese banks and insurance firms from funding the longest crude oil pipeline between Uganda and Tanzania. The latest move by the international and their local campaigners comes after they successfully fought off Western banks and insurance firms from …
Read More »
The case of Bank One, part of I&M Group PLC ANALYSIS | AGENCIES | Thavin Audit, Acting Head of International Banking, Bank One, talks about the key role that Mauritius-based banks are playing in Africa by structuring transactions through their international banking divisions to shape investor interest and channel funds towards …
Read More »
Annual Bankers’ Conference 2023 unveils strategies for digital resilience Kampala, Uganda | PATRICIA AKANKWATSA | Cybersecurity has become a critical concern as digital transformation sweeps across Uganda’s banking landscape. The recently concluded Annual Bankers’ Conference 2023 provided a platform for industry leaders, experts, and stakeholders to deliberate on the escalating cybersecurity …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank hopes to strengthen the country’s financial sector by leveraging on the revised minimum capital requirements. The Bank of Uganda said in a statement on July 06 that it is confident that the attainment and maintenance of the revised minimum capital by financial …
Read More »
Kampala, Uganda | THE INDEPENDENT | Commercial Banks and the government have justified the digital integration in the cash management systems despite the negative effects, saying the benefits will in the long run outweigh the disadvantages. Banks have over the last few years closed traditional banking halls and some have closed …
Read More »
Kampala, Uganda | THE INDEPENDENT | Britam Holdings has signed a partnership agreement with the Commercial Bank of Kenya (KCB) and the National Bank of Kenya (NBK). Through this agreement, KCB Bancassurance Intermediary and National Bank of Kenya Bancassurance Intermediary will distribute two new health insurance products provided by Britam to …
Read More »
The Independent Uganda: You get the Truth we Pay the Price