Tag Archives: Banking

The conference will focus on strengthening capacity to thrive in the 4th industrial revolution Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) is set to hold the 4th Annual Bankers Conference on the July 26-27, under the theme: Bend but don’t break: How the financial sector can thrive in …

Shareholders with more than 12.5% shareholding to nominate a Director Equity Group Foundation to nominate a Director to the Board. Up to three Executive Directors to sit on the Board. Group to pay out 30% to 50% of its Profit After Tax as dividends to shareholders Nairobi, Kenya | THE …

  Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda Limited has appointed Constant Othieno Mayende its chairman Board of Directors. Othieno Mayende will replace Aga Sekalala Jr, whose term recently came to an end. Othieno Mayende has over 23 years’ experience in banking, strategy formulation, business development, financial management, …

  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 …