Finance Archives

Stanbic Bank appoints Kenneth Mumba Kalifungwa as new Chief Executive

Kampala, (UG):- Stanbic Bank Uganda announced the appointment of Mumba Kenneth Kalifungwa as its new chief executive officer and member of the...

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NSSF recover shs70b in Whistleblower drive

Kampala, (UG): Halfway through the recently launched whistleblower campaign, the National Social Security Fund (NSSF) has unearthed over Shs70 billion from reported...

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Housing Finance Bank unveils ‘Fuuka Don’ salary loan campaign to enable Ugandans achieve 2024 goals

Kampala, (UG): Housing Finance Bank has launched the ‘Fuuka Don’ salary loan campaign in a reaffirmation of its commitment to enabling financial...

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Study shows only 7% of Ugandan women own bank accounts

Stakeholders that deal in women’s economic empowerment initiatives have called upon women to formalize their businesses by accessing financial literacy, adopting digital...

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How Centenary Bank staff connived with fraudster to steal over shs100m from client’s account

Kampala, (UG): The management of Centenary Bank Uganda on Wednesday acknowledged a fraudilent activity which involved one of its staff collaborating with...

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Bank of Uganda spent sh199bn on printing new currencies in 2022

Kampala, (UG): The 2022/2023 annual report by the Bank of Uganda has revealed that the Central Bank spent Shs199bn to print and...

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Salaam Bank gets first Islamic banking license in Uganda

Kampala, (UG): Salaam Bank Uganda Ltd has become the first commercial bank to acquire a license to offer Islamic banking services in...

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Bank of Uganda lowers CB rate for first time in 2 years

Kampala, (UG): The Bank of Uganda has lowered the Central Bank Rate (CBR) to 9.5 per cent, an indicator of its intention...

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World Bank action could affect Uganda borrowing elsewhere – Experts

KAMPALA, (UG): There is concern that the suspension by the World Bank of new loans to Uganda could influence other development finance...

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Sudhir floors dfcu Bank again as UK’s Court of Appeal defers trial of Crane Bank case at lower court

LONDON, UK: Businessman Sudhir Ruparelia, the proprietor of the now-defunct Crane Bank Limited yesterday victory yet again in his legal battle against...

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Absa Bank unveils ‘Mobi Tap’ functionality for small enterprises

KAMPALA, UGANDA: Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their...

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Post Bank, MTN Uganda to digitise PDM payouts with “Wendi” mobile wallet

PostBank, in partnership with MTN Uganda, has today announced the launch of “Wendi,” an innovative mobile wallet platform designed to support the...

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Stanbic earmarks IBM to achieve digital transformation of bank infrastructure

Commenting on the selection, Julia Carvalho, General Manager for IBM Africa Growth Markets said he was happy with the new journey with...

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How to safeguard your mobile money from fraudsters

To protect ourselves and our fellow Ugandans, it is crucial to understand the risks and take proactive measures to safeguard our mobile...

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Airtel Money, UNCDF launch open APIs to support innovators

Airtel Mobile says it will open its APIs to third party innovators, simplifying service delivery, and enabling them to develop new solutions

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Stanbic’s Anne Juuko only Ugandan listed among Africa’s 2023 Top Women CEOs

The data-driven list recognizes women who are leading large businesses that are also listed on one of Africa’s stock exchanges with a...

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dfcu Bank appoints Charles Mudiwa as new CEO

Charles brings on board over 26 years of experience in Banking, with strong business leadership, and success in turning around businesses and...

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Employers given 30-days to remit NSSF contributions or face penalties

Ayota said that unlike in the past when the definition of an employer was ambiguous, the NSSF Act, as amended, now provides...

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URA eyes more revenue on Mobile Money, Bank agents, in new tax regime

According to URA Commissioner General John Musinguzi, many banking and mobile money agents aren’t registered for taxes.

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Uganda Shilling Romps Over Regional Peers, Dollar

According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US...

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