The private sector has sustained its upward trajectory for the nineteenth consecutive month, as reported by the Stanbic Purchasing Managers’ Index (PMI). Despite a slight dip in activity recorded in …
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Banking & SavingsLatest NewsNewsRegional News
Standard Bank Group Appoints Anne Juuko to Lead Global Markets in East Africa
The Standard Bank Group has announced the appointment of Anne Juuko, the Chief Executive of Stanbic Bank Uganda, to a new leadership role as Global Markets Regional Head-East Africa, effective …
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Banking & SavingsEventsLatest NewsNews
Standard Chartered Bank Uganda Launches International Banking
Standard Chartered Bank Uganda unveiled its latest offering, International Banking (IB), during a milestone event this week. This launch marks a significant move for the bank as it extends its …
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AgricultureBanking & SavingsLatest NewsNewsPeople
How dfcu Bank is bolstering Uganda’s Agricultural Value Chain
This year, dfcu Bank marks 60 years of existence and offering financial solutions to its customers across Uganda. Over the years, the Bank has been at the forefront of creating …
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Banking & SavingsFinanceLatest NewsNews
Uganda ranked highest growing financial market in East Africa, 4th In Africa
Uganda has ranked the highest growing financial market in East Africa, and maintained the fourth position on the African continent, according to the latest Absa Africa Financial Markets Index (AFMI) …
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The Deposit Protection Fund of Uganda (DPF), a government agency that provides deposit insurance to customers of deposit-taking institutions licensed by Bank of Uganda has initiated the process of refunding …
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Bank of Uganda (BOU) revoked Friday the license of EFC Uganda Limited and placed the Microfinance institution under liquidation therefore issuing an order for them to close up shop. Under …
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Acquiring positive savings habits is among the most effective methods to assume control over your financial well-being. However, many individuals often discover that despite having sufficient funds for their immediate …
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Banking & SavingsFinanceLatest NewsNews
Mobile Money, Agent Banking Transactions Surge as EAC Regional Transactions Decline
The emergency and widespread adoption of mobile money and agent banking services in Uganda has unquestionably captured the interest of millions of Ugandans. A huge number of Ugandans now consider …
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Ugandan commercial banks’ total assets grew by 8.4 percent from 44.6 trillion shillings as at end-June 2022 to 48.3 trillion shillings as at end-June 2023, the Bank of Uganda has …