Tag Archives: bank

  Wobulenzi , Uganda | THE INDEPENDENT |  There is panic among parents and leaders after Wobulenzi Public Primary School in Luwero district was put on sale over failure to repay a loan. In 2019, Richard Mukasa former headteacher with the approval of the office of Luwero Chief Administrative Officer …

  Kampala, Uganda | THE INDEPENDENT |  In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance experts. The event, officiated by the Bank of Uganda (BoU) Executive Director for …

Defeats in courts, Bank, Parliament, Police COVER STORY | THE INDEPENDENT | Parliament on Oct.11 dealt former FDC publicity honcho Ibrahim Ssemujju Nganda another blow when it allowed his position as chief whip of the party to be filled by a leader of the opposing side in their fight for the …

But loans and advances to customers reduced by 16% Kampala, Uganda | THE INDEPENDENT | dfcu Bank has reported a 56% improvement in net profit to Shs29.3bn in the first six months to June.30 driven by a reduction in loan impairment. The lender’s financial results released on Aug.24 show continuous growth …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank is commemorating 40 years of transformative banking services. As part of the celebrations, the bank embarked on a series of training sessions aimed at empowering educators in financial literacy across various regions. The bank’s initiative to empower educators in financial literacy has been …

Buenos Aires, Argentina | Xinhua | Argentina’s central bank on Monday increased the benchmark interest rate by 21 percentage points to 118 percent. The move aims to anchor exchange expectations and boost positive real returns on investments in local currency, among other purposes, according to the Central Bank of the …

Kampala, Uganda | THE INDEPENDENT | The FY2023/24 budget presents both challenges and opportunities but through open and constructive engagements, Ugandans can navigate through these times effectively, according to Mumba Kalifungwa, the Managing Directro for Absa Bank Uganda. Kalifungwa was speaking at a budget breakfast meeting held in Kampala on …

Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …

However, SBG Securities Ltd.’s revenues were impacted largely by a drop in capital markets activities Kampala, Uganda | THE INDEPENDENT | Stanbic shareholders will get Shs 6.98 per share totalling Shs 235bn following a 33% growth in profits for the year ended December 31, 2022. This is 1.7% higher than the …

Kampala, Uganda | PATRICIA AKANKWATSA | BRAC, one of the largest development organisations in the world on March 31st, celebrated its 50th anniversary under the theme, “50 Years of Igniting Hope from Bangladesh to the World” at Munyonyo Commonwealth Resort on 30 March 2023. The event was organised by BRAC Uganda …