Tag Archives: bank

This becomes the second country to enter the mineral rich-nation Kampala, Uganda | THE INDEPENDENT | Regional lender, KCB Group PLC has received a no objection to acquire Trust Merchant Bank SA (TMB) in the Democratic Republic of Congo. KCB Group obtained the regulatory green light in Kenya, the Democratic Republic …

Lusaka, Zambia | THE INDEPENDENT | The Bank of China Zambia Ltd. celebrated its 25 years of banking services in Zambia as a bridge facilitating the ever-growing economic and trade exchanges between the two countries. During the celebration event held on Friday, the bank’s managing director Wang Qi said the bank …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has announced a sponsorship of over Shs200 million towards the Uganda Open Golf Championship 2022. The 5-event Uganda Open will take place at the Lake Victoria Serena Golf Resort and Spa from 01 – 29 October 2022 and is expected to attract …

Kampala, Uganda | THE INDEPENDENT | Uganda has rejected a verification report by a select Committee of the East African Community – EAC Council of Ministers proposing the establishment of the East African Central Bank headquarters in Arusha, Tanzania. This was revealed by Rebecca Alitwala Kadaga, the First Deputy Prime …

  Kampala, Uganda | THE INDEPENDENT | Agnes Namyalo Mayanja has been appointed Executive Director for KCB Bank Uganda Limited. As the Executive Director, she will deputize and support the Bank’s Managing Director in the overall strategy formulation and implementation of astute leadership and management in line with the Bank’s …

Tokyo, Japan | AFP | The Bank of Japan on Monday unveiled a series of emergency monetary policy measures to shore up the world’s third-largest economy, as the coronavirus pandemic threatens a global recession. In a meeting brought forward by two days, the BoJ said it would double its annual …

Luanda, Angola | AFP |  The head of one of Angola’s largest banks has resigned after being named in a corruption probe centred around ex-first daughter Isabel dos Santos, according to a letter seen by AFP on Thursday. Mario Leite da Silva, who was chairman of Banco de Fomento Angola …

Nairobi, Kenya | AFP | Tanzanian President John Magufuli on Wednesday ordered the central bank to create a gold reserve, as he urged the government to better control mineral exports from the country, Africa’s fourth largest gold producer. “We should start buying gold, the central bank must invest in this. …

Washington, United States | AFP | US President Donald Trump on Tuesday renewed his attack on the US Federal Reserve’s monetary policy, blaming the central bank’s interest rate hikes for a tanking market. With stocks on track for their worst December since the Great Depression, Trump has regularly berated the …

Rio de Janeiro, Brazil | AFP | Eleven people — six bank robbers and five hostages including a child — were killed Friday in a pre-dawn assault on two banks in a northeast Brazilian city foiled by police, the local mayor said. The violence erupted in the city of Milagres, …