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Tag Archives: bank

Centenary Bank signs deal with WorldRemit

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 …

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BOU LECTURE: Is it time for state protection of industries?

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, …

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Stanbic Bank cuts interest rates

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 …

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JOBS: Clerks, Currency Department BOU

JOBS: Clerks (technicians) Currency department BOU Kampala, Uganda | THE INDEPENDENT | Applications are invited from qualified Ugandans to fill 4 vacant positions in the Currency Department, Bank of Uganda. Advertisement of Vacant Positions in Bank of Uganda by The Independent Magazine on Scribd   Share on: WhatsApp

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IMF warns central banks could lose deflation fight

  Washington, United States | AFP |  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …

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Rising bank prime lending rates

By Enock Twinoburyo High interest rates indicative of Uganda’s unsustainable economic fundamental weaknesses I recently received a notification from my bank increasing the prime lending rate from 23.5% to 26.5% applicable to both the existing and new borrowers.  This also implies that majority of the borrowers, who are not the …

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