On June 4, 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) maintained the Central Bank Rate at 10.25%. Despite a rise in headline inflation to 3.6% in May, driven …
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Banking & SavingsIndustry & TradeLatest News
Why Ugandans are Embracing SACCOs: Best Practices and Pitfalls to Avoid
Savings and Credit Cooperative Organizations (SACCOs) are rapidly gaining popularity across various Ugandan communities. In almost all communities you visit today, there is an operational SACCO, whether at the church, …
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Banking & SavingsFeaturesIndustry & TradeLatest News
Driving Growth Through Enhanced Customer Relations: dfcu Bank Initiates Comprehensive Customer Engagement Program.
On the official commemoration of it’s 60th year oof existence and operation in Uganda, dfcu Bank’s Chief Executive Officer, Charles Mudiwa, noted that the Bank’s success over the last decades …
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Banking & SavingsIndustry & TradeLatest News
Stanbic Bank Wins URA’s Best Client Service Bank 2024 Award
Stanbic Bank Uganda has won the award for Best Client Service Bank 2024 during a high-profile gala event recently hosted by the Uganda Revenue Authority (URA) in Kampala. The country’s …
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London, May 17, 2024 — Moody’s Ratings (Moody’s) has today downgraded the Government of Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed the outlook to …
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Nairobi Monday 13th May 2024 After reporting a 5% decline in profit after tax for the year ended 31st December 2023, Equity Group Holdings has bounced back recording strong 1st …
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Banking & SavingsFinanceLatest News
EFC closure: 24% of depositors under Sh. 10m unpaid; given May 31 deadline to process payments
After four months since EFC Uganda Limited shut down, 24% of depositors whose deposits are under the Shs 10 million insurance limit have not been paid. The Bank of Uganda, …
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Banking & SavingsFinanceFintechLatest NewsNews
Why you need National ID to transact Sh1m on mobile money
With immediate effect, mobile money agents throughout the country will begin requesting a valid national identity card from customers before processing transactions exceeding Shs1m on the platform, as per a …
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Banking & SavingsEventsNews
dfcu builds connections for transformative impact ahead of its 60th anniversary
As part of the build-up to its 60th anniversary, dfcu Bank held a stakeholder breakfast at the Sheraton Kampala Hotel on April 16, 2024, to celebrate and explore partnerships that …
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Savings and Credit Cooperative Organizations (SACCOs) have been instrumental in positively influencing the lives of a vast number of Ugandans. Notably, SACCOs have significantly mitigated the financial exclusion experienced by …