Tag Archives: banks

Kampala, Uganda | THE INDEPENDENT | The Uganda Civil Aviation Authority (UCAA) is planning to use the much-anticipated aviation expo to promote air transport among members of the public. UCAA Director General, Fred Bamwesigye told reporters that the authority said the expo will be a good platform to demystify the many …

Banks are ready to finance the sector but with stringent conditions    Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …

Banking entities posted impressive growth in profit after tax during the year owing to the opening up of the economy and the subsequent growth in the private sector credit Kampala, Uganda | ISAAC KHISA | More than half of companies listed on the Uganda Securities Exchange recorded growth in profits in …

Rome, Italy | Xinhua | European banks are better prepared than those elsewhere in the world for crises such as the failure of two regional banks in the United States (U.S.) earlier this month. However, analysts say they remain vulnerable to changes in consumer confidence, and weaknesses in the financial sector. German …

Kampala, Uganda | THE INDEPENDENT | Uganda’s banking industry, security agencies and the judiciary have teamed up to find solutions to the rising financial fraud that has increasingly hit the country in recent times. The crime has been abated by the digital revolution with fraudsters taking advantage of new technologies to …

The collapse of SVB and Signature Bank shows that the crisis in the U.S. banking sector is not over yet COMMENT | Vidhura S. Tennekoon | Silicon Valley Bank and Signature Bank failed with enormous speed, so quickly that they could be textbook cases of classic bank runs, in which too many …

Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …

Kampala, Uganda | THE INDEPENDENT | The Constitutional Court sitting in Kampala has ruled as illegal a request by the Uganda Revenue Authority (URA) to all banks to provide it with all the details of their customers. In a lead judgement written by Justice Christopher Madrama Izama, the court found that …

Private credit and infrastructure investments across African markets rose 118% to record levels in 2021, as borrowers looked beyond domestic risk averse banks Kampala, Uganda | THE INDEPENDENT | Private equity has dominated Africa’s investment landscape for decades, popularised by huge venture capital (VC) deals in the continent’s ever-expanding tech sector. But …

COMMENT | Alfred Geresom Musamali | When finance minister Matia Kasaija admitted in Parliament last week that some governmental offices were facing funding shortages and could not pay before this past Christmas their workers’ salaries, I remembered December 1979 when I lost my mother’s salary. My mother Mrs Eleanor Mwassa of …