Banks

Companies

Bank of Baroda executive director resigns

Bank of Baroda Uganda on Wednesday announced the resignation of its executive director, Bhati Prithvi Singh, after more than four years in the role
Bank of Baroda's headquarters on Kampala road, Kampala
CompaniesEnvironmentRenewable energy

Burn Manufacturing secures funding from AfDB to expand electric cooking in East and Southern Africa

Burn Manufacturing, the Kenyan producer of clean cookstoves and carbon developer, has secured a $4mn grant from the African Development Bank to roll out electric cooking solutions in Uganda, Kenya, and Zambia
A woman sits in a kitchen while someone else tends to a wood-fired, open, three-stone stove behind her.
Companies

Stanbic Bank Uganda declares annual dividend

Stanbic Uganda Holdings Limited today announced an annual cash dividend of Shs3.13 ($0.00086) per share
Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank
CompaniesMovers & Shakers

Phillip Madinga to replace Anne Juuko as Stanbic Bank CEO

Stanbic Bank Uganda, the country's largest bank by assets and profitability, is expected to announce the head of Standard Bank Malawi, Phillip Madinga, as its new chief executive
Phillip Madinga, currently chief executive of Standard Bank Malawi, is expected to be announced as the new head of Stanbic Bank Uganda, replacing Anne Juuko
CompaniesCorporate earnings and resultsMarkets

Dfcu profit soars 40% after bank releases loan loss reserves

Profits at Dfcu Limited rose more than 40 per cent in the first six months, but the company, which derives most of its revenue from Dfcu Bank, reported a fall in income
Dfcu Towers at Plot 26, Kyadondo Road, Kampala
CompaniesCorporate earnings and resultsMarkets

Stanbic traders boost profits

Uganda's largest bank reported a strong increase in first-half profits despite monetary tightening, as its traders posted their best performance in three years and credit quality improved
Standard Bank Group's headquarters in Johannesburg
CompaniesCorporate earnings and resultsMarkets

Stanbic Uganda’s annual net profit rose

Stanbic Uganda Holdings Limited said its annual net profit rose by 15.2 per cent and was mainly driven by its anchor subsidiary, Stanbic Bank Uganda
Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank
Personal Finance

Tips for borrowing money: What’s acceptable and what’s not

While the holidays may tempt you to let your financial guard down, it's important to reflect on your financial portfolio to avoid sinking deeper into debt
A young woman sitting at a table with a laptop, several notebooks, and a calculator
Banking

Two top 100 African bank rankings, same two Ugandan banks

Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitability
People queueing to use an ATM outside a bank
Banking

BoU grants Salaam Bank first Islamic finance licence

Salaam Bank Ltd was granted Uganda's first Islamic banking licence, weeks after the president assented to the final piece of legislation paving way for the banking method
A row of nine men, all standing, at a banking licence handover event
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