Banks

Mergers & Acquisitions

Opportunity Bank acquired by international fintech company

Opportunity Bank Uganda has been acquired by the MyBucks Group, a Luxembourg-based financial technology (fintech) company that has operations in ten other African countries. MyBucks announced the acquisition in a statement.
Companies

Stanbic borrows from international markets for lending in Uganda

Stanbic Bank Uganda, the country's biggest bank by assets, is borrowing $55 million in Dubai for lending in Uganda. The bank says it reached an agreement with Emirates NBD Capital Limited and four other banks for the two-year loan facility.
CompaniesCorporate earnings and resultsMarkets

Dfcu profits rise 70.71% in first half of 2016

Dfcu bank on Friday released provisional half-year results showing a 70.71% growth in net profit and 20.08% growth in net income. Net profit for the period was Shs23.32 billion compared Shs13.66 billion for the first half of 2015.
Data

Commercial bank interest rates and charges as at 01 July 2016

The charges and rates are published by Bank of Uganda to "promote transparency and enhance competition in the provision of banking services."
Bank of Uganda's head office in Kampala.
Politics & Policy

Too big to fail? The 65 firms Ugandan government apparently wants to bail out

The two most indebted firms on the list, which we are republishing, owe Shs201 billion each, while the third most indebted has outstanding loans of Shs120 billion.
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