Tag Bank of Uganda
Kin Kariisa ends his reign as Chairman Ecobank Uganda after a decade
Kin Kariisa has ended his 10 years on the board of Ecobank Uganda, a subsidiary of Ecobank Transnational Incorporated (ETI), one of Africa’s largest financial brands, leaving behind a well-entrenched bank, with great growth prospects. Kariisa who joined the bank’s…
Stanbic Uganda 2021 Financial Report
Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn Ushs. 269billion from Ush.242bn in 2020, driven mainly by strong growth in non-interest income earned by mostly Stanbic Bank Uganda Limited, its…
Here’s The Role Of UDB In Accelerating Post Lockdown Recovery Of MSMES
Over the last two years, the COVID-19 pandemic impacted businesses on national and global scale. Governments in many developing countries introduced severe containment measures, involving restrictions on economic activity and mobility, to curb the spread of COVID-19. In Uganda, public transport…
SafeBoda signs MOU with Rubis Energies
SafeBoda has announced a new partnership with Rubis Energy Uganda where customers and drivers will enjoy great discounts when purchasing fuel at Rubis stations. SafeBoda recently acquired a National Payments Services license from Bank of Uganda which allowed the company to…
Uganda’s financial market according to ABSA Africa Financial Markets Index (AFMI) for 2021
Michael Atingi-Ego, the Deputy Governor of Bank of Uganda, said, “Uganda’s inspirational ranking amidst a raging Covid-19 pandemic should galvanize us to sustain the good policies and interventions as well as to undertake the strategies that will unleash the power…
DPF to compensate closed financial institutions by the Central Bank
The Deposit Protection Fund (DPF) has revealed that it has about 20.1 billion which is supposed to be paid to shareholders and depositors of closed financial institutions upon the conclusion of liquidation processes by the Bank of Uganda (BOU) In…
Loan approvals, applications dropped in the last three months
Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…
Pegasus Technologies becomes the first local fintech to get BoU license for mobile payments
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…
Just In: Museveni reshuffles Permanent Secretaries, Ramadhan Ggoobi replaces Muhakanizi
President Yoweri, in accordance with Article 174(2) of the 1995 Constitution of the Republic of Uganda, he has made reshuffles in the positions of Permanent Secretaries, in which Keith Muhakanizi has been replaced by renowned economist Ramadhan Ggoobi as the…
Uganda registers revenue growth as URA collects sh19.2Trillion.
In the FY 2020/21, Uganda Revenue Authority (URA) collected net revenue of sh19.26Trillion and posted a growth in revenue of 14.99 percent in comparison to the FY 2019/20 and an estimated tax to GDP ratio of 12.99 percent, according to…
Uganda Bankers’ Association unveils fourth Annual Bankers Conference 2021
By Wilson Ishimwe Uganda Bankers Association (UBA) has unveiled the Fourth Annual Bankers Conference 2021 that will be held 26th & 27th July under the theme “ Bend but Don’t Break, How the Financial Sector can thrive in the era of the…
COVID lockdown: Uganda Gov’t projects sh2Trilion revenue loss
Gov’t projects a sh2Trillion revenue shortfall in the first quarter of Financial Year 2021/22 as a result of the on-going nationwide total lockdown in which businesses are closed down, the Finance Ministry Permanent Secretary/ Secretary to Treasury Patrick Ocailap has…
Bank transactions surge to UGX 20 trillion
Transactions in Uganda's banking sector grew to a robust sh20 trillion from sh18 trillion the year before, helped by growth in agent banking, a survey by Summit Consulting indicates.
Kampala: Are Ugandan Corporate Communications Managers Sleeping On The Job?
Corporate communications departments play a key role in how investors, employees, and the general public perceive a company.