Banks

EACOP secures external financing from five regional banks

Paul MurungiBusiness & MarketsGlobal NewsThe Big StoryMarch 26, 2025March 27, 2025

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania has closed…

Meet the Big Bankers Bossing the Bancassurance Sector

Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders.  During the…

Bank of Uganda Deputy Governor shares a snapshot of Uganda’s economy in 2024- and the future ahead

Paul MurungiThought LeadershipJanuary 6, 2025January 6, 2025

Navigating inflationary waters  Bank of Uganda Deputy Governor, Micheal Atingi- Ego shares the story of Uganda’s monetary policy in 2024, which he says was one of cautious optimism and strategic…

MTN Uganda secures UGX 370 billion debt from five local banks 

Paul MurungiThe Big StoryDecember 31, 2024January 1, 2025

 MTN Uganda has secured UGX 370 billion (USD 100 Million) in debt financing in one of the largest local currency debt transactions in Uganda, which will be used by the…

West Nile leaders urges community to embrace Wendi Mobile Wallet to boost the region’s economic potential 

Paul MurungiCompany NewsOctober 29, 2024October 29, 2024

The West Nile community has been called upon to embrace digital transformation as a gateway to economic empowerment, citing Wendi mobile wallet as a key driver towards scaling up financial…

43% of African Banks Identify Fintechs, Neobanks and Telecoms as Top Threats to Their Business.

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 23, 2023May 23, 2023

43% of banks cited the rise of fintechs and challenger banks as the biggest threats to their business according to the third edition of the African Digital Banking Transformation Report…

Banks shifted from loans to debt markets during Covid-19 pandemic, got bigger

CEO ReporterBanking & Financial ServicesNews & AnalysisThe Big StoryMay 23, 2021May 23, 2021

The Covid-19 pandemic saw a rise in bad debts and provisions for loan losses. But this had little effect on balance sheets as banks turned from loans to other assets