OPINION | Pauline Arinda | A report done by EY for the Uganda Bankers’ Association in January 2024, titled “ESG Framework for Uganda’s Banking Sector,” emphasizes that adopting Environmental, Social, and Governance (ESG) principles should be viewed as a strategic move towards long-term sustainability and resilience, rather than merely a compliance issue. …
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Kampala, Uganda | THE INDEPENDENT | Did Hamis Kiggundu acquire a syndicated loan from Diamond Trust Bank -DTB? This will be one of the many questions that will face the Court of Appeal and the legal fraternity as a whole. Diamond Trust Bank filed a notice to appeal the ruling …
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Kampala, Uganda | THE INDEPENDENT | Commercial banks through their umbrella association, Uganda Bankers’ Association (UBA) have unveiled a campaign to eliminate surcharges faced by people using their cards to make payments for goods. When customers use their bank cards to pay for goods, some traders charge an extra fee which …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has objected to a government proposal seeking to have mobile money funds held on trust accounts earn interest. A trust account refers to funds held in trust by the bank whilst two or more parties complete a transaction. It entails …
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