Tag Archives: banks

    Kampala, Uganda | THE INDEPENDENT | BRAC, one of the largest microfinance providers in Uganda, has been transformed into a Tier 2 Credit Institution (CI) to broaden the range of financial services it provides to low-income communities. First Deputy Prime Minister General Moses Ali represented President Yoweri Museveni …

Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …

Kampala, Uganda | THE INDEPENDENT | The Governor of Uganda’s Central Bank Emmanuel Tumusiime Mutebile has insisted that he was right to close seven commercial banks between 1993 and 2017. Mutebile made the remarks on Thursday as he gave his closing remarks on the ongoing probe by parliament’s Committee on Commission’s …

African central banks should set up specialised units dedicated to researching cryptocurrencies Kampala, Uganda | ALLEN CHORUMA | As the use of cryptocurrencies gains momentum, African central banks, gripped by crypto-phobia, are pressing panic buttons, with some taking the easy way out by banning the use and trading in cryptocurrencies in …

Kampala, Uganda | ISAAC KHISA | Micro, Small and Medium Enterprises are the engines of many economies including Uganda and therefore need bank’s help to thrive and grow, according to Prof. Chris Ogbechie, a strategic management don at Lagos Business School and former Chairman of the Nigerian-based Diamond Bank Plc. Prof …

Kampala, Uganda | JULIUS BUSINGE | Commercial banks under their umbrella organization, Uganda Bankers Association (UBA) are demanding reforms from government in key sectors of agriculture, information technology; insurance and debt repayment to enable them thrive in tough economic times. Patrick Mweheire, the chairperson of UBA and the Chief Executive, Stanbic …

Kampala, Uganda | AGNES E NANTABA | Sydney Asubo is the Executive Director of Financial Intelligence Authority (FIA). He spoke to the Independent’s Agnes E Nantaba about the status of money laundering in Uganda and efforts to combat it. What encompasses your management style? My philosophy has essentially remained the same …

Rio de Janeiro, Brazil | AFP | Brazilian bankers can breathe a sigh of relief: they’ll be allowed to close up and watch the national team in the World Cup on television. Financial authorities in Latin America’s biggest economy have told all banks they can arrange their working hours around …

Kampala, Uganda | THE INDEPENDENT | Commercial banks have recorded a mixed bag of fortunes over the last one year, according to financial reports released today. The financial results released today show a decline in profits for some banks and microfinance deposit-taking institutions and losses for others. Banks that reported losses …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association has launched the Shared Agent Banking System (SABS) in an effort to increase financial inclusion and enable spread and penetration of banking services in Uganda. Agent banking is an extension of banking services outside the conventional bank branches, where a …