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Sep 8 results
17:59
17:59

Digitised Financial Industry Harder to Protect from Fraud- Banker Banking 6

A payments switch is a tool that facilitates communication between different payment service providers. It typically provides authorizations of transactions and facilitates payment transactions between multiple operators and customers in real-time.
16:12
16:12

Djibouti's Largest Islamic Bank Launches in Uganda Banking

Top Finance Bank was founded in 2012 and granted a Credit Institution License (Class 5) in 2014, and has had one branch located along Kampala road since then.
18:43
18:43

Banking Industry Develops Joint UGX 1TR Long-Term Export Credit Facility Manufacturing 6

BOU Deputy Governor, Michael Atingi-Ego told the business leaders in the banking, manufacturing, and tourism sectors, that if the rates of borrowing are not controlled by making money costly, it will create worse effects for the private sector. Bankers' Association ED, Wilbrod Owor says the 1 trillion shilling export facility is being structured to be much cheaper compared to the current available options on the market.
11:34
11:34

Electronic 'Know-Your -Customer' System Cuts Financial Fraud- Bankers Association Banking 6

The e-KYC enables the commercial banks and other financial institutions regulated by the Bank of Uganda, to have access to the National Identification Database at the National Identification and Registration Authority, NIRA. Today, 25 out of 36 financial institutions supervised by BOU have taken on the system and another eight are installing the system.
21:26
21:26

Bankers Banking on COVID-19 Cure, Vaccine for Sustainable Recovery 3

UBA Executive Director, Wilbrod Owor says the restructuring has seen the lenders extend the repayment period of loans worth Ushs7.3 trillion. He says that as the COVID-19 cases reduced and the measures were lifted, the business, as well as the banking industry, started picking up, but unfortunately, this has been disrupted again.
16:30
16:30

CSOs Tell Gov't to Shelf Plans to Tax Cash Withdrawals financial inclusion 5

FSME Executive Director, John Kakungulu Walugembe says Ugandans have not yet reached a digital literacy level where they can enjoy the benefits of a digital economy, which comes with job losses.
04:32
04:32

Banking Sector joins DTB against Ham Kiggundu Case Judgement Commercial court

In a statement, UBA is now rallying all government business facilitation agencies like Uganda Revenue Authority, Uganda Investment Authority, the Ministry of Finance and the Judiciary, as well as private-sector agencies to join "join us in addressing the implications of the judgement and assist in avoiding the adverse effects" of the judgement on the economy and the country.
09:10
09:10

Stanbic Bank Uganda Reorganization to Boost Stock Banking

The reorganization will see the formation of a holding company where the banking business will be transferred as a subsidiary. The company will then invest in non-banking ventures. A holding company refers to a corporation that owns enough voting stock in another company to control its management and policies.
Sep 8 results