Bank of Uganda Archives – Page 10 of 33

Uganda Bankers’ Chairman Julius Kakeeto urges businesses to embrace ESG For sustainable operations in a dynamic business environment

Paul MurungiBusiness & Markets The Big StoryJune 20, 2024June 21, 2024

PostBank Uganda Managing Director who also doubles as Uganda Bankers Association (UBA) Chairman, Julius Kakeeto has encouraged businesses to embrace Environmental Sustainability Governance (ESG) practices not just as a regulatory requirement, but also as a strategic move towards enduring sustainability and resilience in a dynamic business environment. Mr Kakeeto was speaking at the 7th Annual Bankers Conference held under the…

Bank of Uganda winds up Mercantile Credit Bank after 30 years of banking

Paul MurungiNews & Analysis The Big StoryJune 18, 2024June 18, 2024

The Bank of Uganda has today June 18th placed Mercantile Credit Bank Limited under liquidation, revoked its license, and made an order for the winding up of its affairs of the bank’s affairs. Bank of Uganda Deputy Governor, Mr Micheal Atingi- Ego noted in a statement action is necessary because the it has been determined that the continuation of Mercantile…

FutureLink Technologies And gnuGrid CRB launch the First SACCO Industry Dashboard and Credit Score in Uganda

Paul MurungiCompany News News & AnalysisMay 29, 2024May 29, 2024

FutureLink Technologies and gnuGrid CRB have launched Uganda’s first Savings and Credit Cooperative Organization (SACCO) Industry Dashboard and Credit Score. The innovative Dashboard allows SACCOs and Microfinance Institutions (MFIs) to refine their growth strategies and develop relevant financial products by utilising real-time industry data. Additionally, the SACCO Credit Score, created in partnership with gnuGrid CRB, streamlines the lending decision process…

MOBILE CREDIT SCORE⎮ Bank of Uganda applauds gnuGrid CRB for leading financial-inclusion-driving innovation in credit scoring

Muhereza KyamuteteraBanking & Financial Services Company News News & AnalysisMay 15, 2024May 15, 2024

The Bank of Uganda has applauded the recent launch of gnuGrid CRB’s Mobile Credit Score as “a momentous occasion in the credit information sharing space” and a “pivotal moment in…

Why you should invest in Treasury Bills and Bonds

Kenneth EgesaNews & Analysis Thought LeadershipMay 11, 2024May 11, 2024

Seeking a safe and reliable way to grow your savings while supporting the Ugandan economy? Look no further than Treasury bills and bonds, issued by Bank of Uganda (BoU) on…

Standard Chartered Bank Uganda Named Best Performing Government Securities Primary Dealer of 2023

Muhereza KyamuteteraBanking & Financial Services Company News News & AnalysisMay 9, 2024May 9, 2024

The Bank of Uganda has awarded Standard Chartered Bank, the Best Performing Primary Dealer Market Maker (PDDM)of the year for the year ending September 2023. The Primary Dealer Market Makers…

Bank of Uganda to completely phase out UGX1000 paper note in preference for coins

CEO East Africa MagazineNews & Analysis The Big StoryApril 5, 2024April 5, 2024

It’s no longer a question of what, but when. The government of Uganda says it will gradually phase out small denomination paper notes as one of the measures to reduce…

A new dawn for Uganda’s Cairo Bank as Egyptian shareholder infuses fresh capital

Muhereza KyamuteteraBanking & Financial Services News & Analysis The Big StoryMarch 1, 2024March 1, 2024

Banque Du Caire (BDC), Egypt’s 5th largest bank has fully recapitalised Cairo Bank Uganda as per the revised Bank of Uganda capital buffers, CEO East Africa can exclusively reveal. Banque…

Q&A: Absa Bank’s David Wandera’s take on the financial markets in 2023 and 2024 and the 6th of February release of Absa’s #AFMIndex2023

Muhereza KyamuteteraThe Big StoryFebruary 3, 2024February 3, 2024

Ahead of the event, David Wandera FCCA, the Absa Executive Director & Head of Financial Markets discusses the financial markets landscape in 2023 and why it is important for financial…

PSST Ggoobi and BoU’s Dr. Atingi-Ego to headline Absa’s #AFMIndex2023 and Economic Outlook Forum

Muhereza KyamuteteraCompany News News & Analysis The Big StoryFebruary 3, 2024February 3, 2024

Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI)…