Banking Uganda Archives – CEO East Africa

Afriland First Bank Uganda and Opportunity Bank Uganda Limited Given License To Operate As Commercial Banks

theceomaBanking & Financial ServicesOctober 4, 2019October 7, 2019

Bank of Uganda has awarded licenses to 2 new Commercial banks. The banks, Afriland First bank Uganda Limited and Opportunity Bank Uganda limited have been given licenses to start operations effective September 12th and 13th respectively. This makes the total number of commercial banks in Uganda, 26. Afriland First bank is a new institution in Uganda’s banking sector. The bank was founded in Cameroon in 1987 and is the biggest financial services group in that country. Opportunity Bank started as a Tier 3 Banking institution called Faulu. Back in 2009, the company carried out a rebranding campaign after selling shares…

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US judge slaps PriceWaterhouseCoopers with $625m fine for negligence

CEO ReporterCompany News The Big StoryJuly 3, 2018July 3, 2018

Accounting giant, PriceWaterhouseCoopers (PWC) has been ordered to pay $625 million in damages, by an Alabama judge, in the United States of America for their negligence that led to one…

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