Banks
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
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
Stanbic Bank Uganda declares annual dividend
Stanbic Uganda Holdings Limited today announced an annual cash dividend of Shs3.13 ($0.00086) per share
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
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
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
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
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
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 profitabilityMore Banks
ACI Uganda setting global standards for Uganda’s financial markets
By Benoni Okwenje Any sector that plays a major role in the growth and development of an economy
Independent arbitration center to reduce costs and time in commercial disputes – Kasekende
The Alternative Dispute Resolution Framework for the banking and financial sector will help to expedite justice with respect to commercial law in Uganda through two channels. It will offer an opportunity for litigants to settle commercial disputes without going through the commercial courts, and thereby much more quickly and almost certainly at much lower costs
High lending costs to informal sector keeping credit costs up – Kasekende
Standard Chartered's socio-economic impact report estimates that its lending supported value-added of 3.5% of GDP and almost half a million jobs in 2016
Why Ugandans should look more to banks for home construction loans
In Uganda, as in many developing countries, most people who decide to build their own homes do so incrementally overtime using business income, personal savings and or small unsecured loans
Lean times for banks’ loan growth and profits in FY17
There are no major threats to the stability of the financial system, at least as of June 2017, according to Bank of Uganda's Financial Stability Report
Bank of Uganda announces staff changes as Bagyenda retires
Bank of Uganda has announced several appointments to its top management team and transfers, including a new executive director of supervision
Stanbic Bank cuts prime lending rate
Stanbic Bank Uganda is cutting its prime lending rate from 18% to 17.5% for loans in Uganda shillings,
2017 was a year of consolidation in the banking sector – Kasekende
Many of the problems facing the banking industry today can be more effectively solved if banks cooperate to pool resources and realise economies of scale and thereby reduce costs
The role of banks and developers in creating affordable housing for Ugandans
Uganda’s population is projected to grow from 37 million today to 41.2 million by 2020 (UBOS) and yet the country currently has a housing deficit that stands at close to 1.2 million units
Private sector lending growth picks up in August
Uganda's private sector credit extension grew 6.2% in August from the same month in 2016, accelerating from July's 5.7%
