I&M Bank Uganda has released its 2023 annual performance results showing accelerated growth and profitability since the I&M Group Plc acquired the former Orient Bank in 2021. I&M Group Plc...
As the dust settles on the first 4 months of 2024, dfcu bank is pivoting towards innovation using cutting edge technologies to drive efficient and seamless banking operations for the ...
The government of Uganda has released more money towards its household poverty alleviation initiative, the Parish Development Model (PDM). This was confirmed by PostBank Uganda, the gov’t distribution partner of...
The Mobile Credit Score, recently launched by gnuGrid CRB and Airtel Mobile Commerce Uganda Limited (AMCUL), will rapidly close the information asymmetry challenge in bottom-of-the-market lending, enhancing two-way lender-borrower trust...
Last week, PostBank Uganda, the only tier-1 wholly-owned government commercial bank, released its 2023 performance results reporting that deposits grew by 15% from UGX689 billion in 2022 to UGX790 billion...
By Jaco Viljoen Around the world, banks form the foundations of any economy by providing critical services that enable payments, working capital to grow businesses, finance to buy assets, interest…
Kariuki Ngari usually refers to himself as a village boy at heart. Born and raised on the slopes of Mt. Kenya, he has risen to become a global citizen, leading Kenya’s largest international bank, Standard Chartered Bank (SCB). Kariuki was born to a teacher and a homemaker, the only boy amongst seven sisters. His father imbued him with humility. “In…
Manzi Rwegasira has been appointed Chief Executive Officer of Stanbic Bank Tanzania. In a statement the bank said Rwegasira “brings in a wealth of expertise from various facets of banking.”…
Centenary Bank has been recognized and awarded as the best bank at the 30th Global Finance awards. In a grand celebration held alongside the IMF World Meetings in Marrakech, Morocco,…
Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower…
The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”
In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance…
Pan African fintech, Chipper Cash, has just hit a major milestone. They have issued over one million Chipper Cash virtual cards to people not only in Africa but also beyond….
In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…
The East African Venture Capital Association (EVCA), a body that represents private capital providers including development finance institutions (DFIs), private equity and venture capital funds, family offices and impact investors…
