Tag Archives: Banking

  Equity Group Holdings plans Trans-Africa expansion with $100 Million (Ksh 11 Billion) loan from the African Development Bank (AfDB)  ✳️ AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment ✳ The …

Kampala, Uganda | THE INDEPENDENT | Centenary have finally filled the top job at the bank by appointing Joseph Kiwanuka Balikuddembe as Executive Director. It is a reunion for him, and Centenary Bank that are Uganda’s leading commercial microfinance bank, as he started his banking career with them. Balikuddembe brings to …

Come to us for credit support, dfcu bosses tell road sector players Kampala, Uganda | JULIUS BUSINGE | Road contractors should consider partnering with financial institutions to increase their chances of winning while bidding for big projects, according to dfcu Bank Executive Director and Chief Commercial Officer, William Sekabembe. “We …

  ✳ Loans and advances grew by 27% from Sh2.8 trillion (2019) to Sh3.6 trillion (2020) ✳ Customer deposits increased by 16% from Sh4.7 trillion (2019) to Sh5.4 trillion (2020) ✳ Profit After Tax was Sh242 Billion (2020) down from Sh259 Billion (2019) largely due to the impact of Covid-19 Pandemic on client …

Kampala, Uganda |  JULIUS BUSINGE  | KCB Bank Uganda Limited, has appointed Ramla Nantongo, a seasoned banker, as head corporate banking.    She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was heading the Corporate and Commercial business units. Her appointment comes a week after Agnes Namyalo …

  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 …

Reopening of school boosts confidence of private entities and posts a growth in businesses activities ✳ Companies optimistic of the future outlook ✳ Schools reopening and increase in new business supports higher output ✳ Employment rises for first time in three month Kampala, Uganda | THE INDEPENDENT | Private sector …

My humble opinion it that just as the decision was on the face of it legally sound, the court decision was also economically sound COMMENT | James Muhindo | In order for one to understand the rationale behind the court decision in the Hamis Kiggundu Versus Diamond Trust Bank Uganda & …

✳ Business activity declines in January – first time in seven months in Uganda ✳ New orders and employment fall ✳ Companies still optimistic regarding 12 months outlook Kampala, Uganda | THE INDEPENDENT | Business conditions deteriorated for the first time in seven months for the  Ugandan private sector in …

  Equity Becomes the first bank in Eastern and Central Africa to achieve the trillion-shilling balance sheet milestone after migrating Banque Commercial Du Congo (BCDC) to Equity’s core banking platform Nairobi, Kenya | THE INDEPENDENT |  Equity Group has crossed the Ksh.1 trillion rubicon (UgSh33 trillion), becoming the first bank in …