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In a re-affirmation of its commitment to enabling financial independence and sustainable home ownership, Housing Finance Bank has launched the ‘Fuuka Don’ salary loan campaign. The initiative aims to alleviate financial pressures and empower customers to achieve their financial goals and aspirations for 2024. The campaign was officially unveiled today by the Housing Finance Bank leadership, led by Michael Mugabi, managing director, and Peace K. Ayebazibwe, executive director, during a media breakfast at the Bank’s Head Office in Kololo. The ‘Fuuka Don’ 120-day campaign offers customers the opportunity to access unsecured salary loans of up to Shs 400 million within…
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Business enterprises, constituting over 90% of Uganda’s private sector and contributing at least 20% to the GDP while employing millions of Ugandans, are pivotal drivers of the country’s socioeconomic development. Nevertheless, these indispensable entities often grapple with multifaceted challenges that necessitate the intervention and support of financial institutions. In full recognition of this pivotal role, Housing Finance Bank recently convened a contractors’ forum at Hotel Africana that brought together business and industry leaders from diverse sectors, united in their efforts to provide feedback, share perspectives, and offer suggestions. This initiative is integral to the Bank’s ongoing commitment to serving business…
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The Uganda Bankers’ Association’s Chairperson, Citibank’s Sarah Arapta is female too- the first woman to. Some financial institutions such as Finance Trust Bank- have taken it further by having an all-female Board Chairperson, CEO and Executive Director while others like Stanbic Bank, Uganda’s largest Bank and have both CEO and Executive Director as female. You could argue this is still under-representation, which it actually is, given that there are more females than males in the population, but given where we have come from, this is good progress. Some of the largest banks such as Stanbic where 45% is female and…
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