Finance Archives

FLASHBACK: A look back at When BoU Erroneously Took Over Crane Bank Before Fraudulently Selling it to DFCU Bank

The news of Bank of Uganda taking over management and closing down of Crane Bank Limited trekked into public spaces timidly in...

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Housing Finance Leads in Enabling Access to Affordable Home Financing in Uganda

Through its home financing solutions tailored to meet customers at their point of need, the bank boasts financing 55% of the mortgages...

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Stanbic Bank bids farewell to Head of Consumer & Affluent Banking, Sam Mwogeza

Mwogeza who joined Stanbic Bank—a member of the Standard Bank Group, in 2010, served in different senior managerial roles before being appointed...

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Djibouti’s Salaam African Bank acquires Top Finance Bank

Djibouti-based banking institution, Salaam African Bank (SAB), has acquired Uganda’s Top Finance Bank Limited (TFB) in expansion drive to the East African...

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Xente Tech acquires BoU Payment Systems Operator license

With the license, businesses and their teams are now able to use Xente platform to make simple payments to teams, suppliers and...

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FLOODS: Absa Bank Uganda donates sh60 million to Uganda Red Cross

The MD of Absa Bank expressed sympathies about the ongoing emergency and committed the bank’s resources to meet the needs of the...

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KCB acquires DR Congo’s Trust Merchant Bank in expansion drive

The deal now means KCB has a presence in eight countries including Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan and DRC. It...

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LIST: Top nine trusted platforms you can get quick collateral-free loans in Uganda

In this article, check out the top 9 platforms in Uganda where you can get low-interest, collateral-free loans in Uganda (in no...

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UGX 800M budget shortfall impeded UDC’s valuation of Roko

The proposal for the purchase of Roko shares was first tabled before parliament last week when the Minister of State for Financetold...

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World Bank, UBOS to release joint statement on ‘Middle Income’

In his State of the Nation Address on June 7, President Yoweri Museveni said that Uganda would achieve the economic indicators

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Meat, milk demand outstrips supply in Albertine region

Tonny Odokonyero, a research fellow at the Economic Policy Research Centre (EPRC) presented the finding of the survey

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Over seven million Ugandans evading taxes: URA

Speaking during the post-budget conference in Fort Portal, Julius Nkwasire, the Assistant Commissioner of Customs said about 7 million people are in...

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High fuel prices drive cars off roads

There’s a noticeable let-up in traffic jam on major city roads during rush hours. Some of the known pain points are navigable...

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Mid-term access slows down NSSF projects

The Fund’s cash availability has reportedly been affected by the implementation of the mid-term access to benefits, that started earlier this year.

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Government to protect Sacco savers’ deposits

The SACCO Savings Protection Fund is aimed at mainly compensating the savers once a SACCO goes bankrupt or fails to pay its...

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BALUNYWA: Increasing govt regulations hindering growth of small businesses

While speaking to SME owners at Onomo Hotel during a forum commemorating World Medium, Small and Micro Enterprises (MSMEs) day, which is...

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Karamojong clerics join campaign against sale of crude alcohol

On May 16th, 2022, police teamed up with other security agencies to enhance operations against the sale and consumption of crude alcohol

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Umeme earmarks UGX 12Bn for revamping power lines in Busoga sub region

Umeme limited has unveiled a 12 Billion Shillings plan to revamp electricity power lines within Busoga sub region.

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Experts call for an end to non-tariff barriers, tax exemptions

The clashes between the Democratic Republic of Congo government and rebels are already causing trade disruptions between the country and Rwanda and...

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Twaweza report warns of sharp rise in cost of living

According to the latest report by Twaweza’s Sauti za Wanainchi, market prices for staple foods have risen sharply approaching levels of 2017...

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NSSF unveils first social security Smart Card in East Africa

The card forms a critical component of the Fund’s digitalization strategy geared at leveraging new technology to improve efficiencies, customer experience and...