Kampala, Uganda | THE INDEPENDENT | The financial industry, local and international, is calling for tax incentives and a general national policy on remittances to boost their inflows and enhance their potential influence on the economy. Officially, Uganda receives 1.4 Billion Dollars or about 5 Trillion Shillings annually from Ugandans …
Read More »Bankers seek options to overcome high transfer costs of remittances
Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion, ahead of tourism or coffee earnings in the economy. However, this remains low according to the country’s estimated potential, and the banking industry says the value of diaspora remittances …
Read More »Stanbic Bank’s Agutamba named Chairman of UBA Peer Committee on Communication
Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) has named Kenneth Agutamba Stanbic Bank Uganda’s Country Manager for Reputation and Corporate communication as the new Chairperson of the Peer Committee on Marketing and Communication, succeeding DFCU’s Jude Kansiime. This committee plays a pivotal role in shaping collective …
Read More »Bankers launch anti-fraud consortium
Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) has launched the Anti-Fraud Consortium to combat financial cyber crimes. The consortium brings together regulators, supervised financial institutions, payment providers, law enforcement, and the public to anticipate, detect, prevent and respond to financial fraud with clarity and consistency. Twinemanzi …
Read More »UBA’s Tony Elumelu uses UNGA 79 to urge global leaders to invest in Africa’s future
Tony Elumelu at #NGA79: Driving Financial Inclusion, Tackling Global Hunger, Unemployment New York, the United States | THE INDEPENDENT | Tony Elumelu, Group Chairman of United Bank for Africa (UBA) and founder of The Tony Elumelu Foundation, used his platform at the 79th United Nations General Assembly (UNGA) in New …
Read More »Annual Bankers Conference to focus on green financing, transparency
Kampala, Uganda | THE INDEPENDENT | Climate change, community welfare and transparency in business are to dominate the 7th Annual Bankers Conference set for June 19. This comes just after the launch of the Environmental, Social, Governance (ESG) National Framework that aims to ensure all financial institutions in the country conduct …
Read More »Ugandan bankers launch ESG framework
Initiative to be theme of the annual bankers’ conference Kampala, Uganda | IAN KATUSIIME | The Uganda Bankers Association has launched the Environmental, Social and Governance framework to join a global phenomenon that companies have adopted to boost their sustainability and development impact. During the launch that took place at …
Read More »New Uganda Bankers Association executive to focus on sustainability
Kampala, Uganda | THE INDEPENDENT | The newly elected executive of the Uganda Bankers Association (UBA) will prioritize matters of Environmental, Social, and Governance (ESG) to enhance the sector’s responsibility to society, its customers, and stakeholders. “We are living in an era where business sustainability is a priority,” said Julius …
Read More »Uganda’s women badminton team shifts focus to Uber Cup in China
KAMPALA, Uganda | Xinhua | Uganda’s women’s badminton team has promised to make a good impression and perform well when they take part in the 2024 Uber Cup to take place in China. Uganda will be making their maiden appearance at the 2024 Thomas & Uber Cup slated for April 28th …
Read More »UBA Uganda refutes social media allegations of significant customer fund loss
Kampala, Uganda | THE INDEPENDENT | United Bank for Africa’s (UBA) Uganda subsidiary has denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …
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