Uganda’s ambitious ‘Tenfold Growth Strategy’ received a huge boost after the government announced the release of the first tranche of Shs170 billion from the World Bank, earmarked to revolutionise the country’s manufacturing and export value chains through the newly operationalised INVITE…
Stanbic Bank Uganda under the leadership of its able Chief Executive Officer (CEO), Kenneth Mumba, has invested at least Shs1 trillion in various initiatives in a bid to drive Uganda’s socio-economic transformation, mirroring the government’s efforts to fight poverty in…
PostBank Uganda’s attainment of Tier One status is a significant milestone that reflects the bank’s strong performance and commitment to serving its customers. This achievement not only demonstrates the bank’s financial stability but also enhances its competitiveness in the market.…
Pride Bank, under the stewardship of Edward Nkangi, the Executive Director, over the weekend held a stakeholder dinner to mark a significant achievement in its journey, celebrating its transformation from a Tier III microfinance institution to a Tier II credit…
The Bank of Uganda, headed by Governor Dr. Michael Atingi-Ego, is taking a significant step towards promoting environmental sustainability by drafting a policy framework that will regulate the impact of banking institutions on the environment. This move is expected to…
The Bank of Uganda (BOU) is set to introduce sweeping changes to Uganda’s mortgage finance sector with the upcoming Mortgage Refinance Institutions Bill, 2025. Once passed into law, this bill will empower the BOU to regulate mortgage refinancing institutions, including…
The advent of electronic banking has revolutionized the way people conduct financial transactions. However, according to business analysts at the Publicisteastafrica.com this convenience has also introduced new risks, particularly in the form of electronic fraud. In Uganda, several banks are…
The Bank of Uganda (BoU) took decisive action on June 18, 2024, revoking the license of Mercantile Credit Bank Limited. This move places the bank under liquidation, effectively shutting down its operations. BOU’s decision, which also places Mercantile Credit Bank,…
The Diamond Trust Bank has bid farewell to its former Managing Director, Varghese Thambi, marking the end of his 17-year tenure with the bank. Thambi, who joined DTB in 2007, was hailed by the Deputy Governor of the Bank of…
Standard Chartered Bank Uganda has been named the best-performing Primary Dealer Bank in the Government Securities Market for the year 2022-2023, earning the honour for the second time since the inception of the awards 19 years ago. Primary dealing involves…
DTB recorded a 30% growth to Shs20.3bilion driven by an increase in interest income, fees and commission, and foreign exchange business as Dfcu bank saw profit after tax double to Shs18.7billion. On the other hand, the country’s largest commercial bank,…
Uganda’s commercial banks are planning to provide Shs 1 Trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, the chairperson of Uganda Bankers Association said during the 5th Annual Bankers Conference…
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…