Tag Archives: bank

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has allocated Shs- 500bn to boost agriculture financing this year, according to the lender’s head of agribusiness and agricultural finance, Evans Nakhokho. Nakhokho, who was speaking during the 16th African Fine Coffee Conference and Exhibition in Kampala on Feb 15, said the …

Kampala, Uganda | JULIUS BUSINGE | On Feb.13, Bank of Uganda announced a cut in the Central Bank Rate by 0.5 percentage points to 9% in the next three months as a measure for boosting private sector credit uptake and economic activities. The Governor, Emmanuel Tumusiime Mutebile, said the decline in …

Kampala, Uganda | THE INDEPEDENT | DFCU bank has become the 8th bank to receive a certificate from the insurance regulator, Insurance Regulatory Authority (IRA-U) to start selling insurance products at its 67 branches countrywide. This is backed by the Financial Institutions Amendment Act 2016. During the handover ceremony at IRA …

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …

Cooperative banks worldwide were financed by cooperatives societies  Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …

Kampala, Uganda | THE INDEPENDENT | The Uganda Blood Transfusion Service (UBTS) has received a huge boost after the National Social Security Fund in partnership with Equity Bank unveiled a week long blood donation drive on Jan.08. The initiative is expected to collect at least 4,500 units, according to the NSSF …

Kampala, Uganda | THE INDEPENDENT | Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit. Fabian Kasi, the managing director of Centenary Bank said the new partnership re-affirms the lender’s commitment to …

Saving Bank of Uganda: Why Kasekende, Bagyenda, Mutebile fight isn’t helpful Kampala, Uganda | HAGGAI MATSIKO | Bank of Uganda (BoU) is under fire as its top managers; Governor Tumusiime Mutebile, the Deputy Governor Louis Kasekende, and the Director Supervision Justine Bagyenda, fight each other amidst accusations of incompetence and abuse …

But should Dr. Ha – Joon Chang’s push for more state intervention in the economy be the future? Kampala, Uganda | JULIUS BUSINGE | The guest speaker at the Bank of Uganda’s flagship annual lecture series; the Joseph Mubiru Memorial Lecture, is usually a distinguished individual in the field of finance, …

Kampala, Uganda | THE INDEPENDENT | In response to the October monetary policy statement by the Bank of Uganda and the decision to reduce the Central Bank Rate by 0.5 percentage points to 9.5 %, Stanbic Bank has matched the Central Bank’s rate cut by reducing its Prime Lending Rate from …