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Sep 137 results
11:26
11:26

'Smaller Banks' Pay Higher Interest to Savers – Data shows tropical bank 1

Smaller banks pay higher interest of much as 3 per cent per annum for saving your money with them. Cairo International Bank, GTBank, and Housing Finance bank seem to offer the best deal with all of them indicating they will pay 3 per cent interest for the money you keep with them or on your savings account.
13:59
13:59

Orient Bank Sell Will Ensure Growth – Management orient bank sale 1

On Monday, it emerged that I&M Holdings Limited, the owners of I&M Bank Kenya, have reached an agreement with Orient Bank owners to buy 90 percent of the bank. The transaction awaits approval from regulators in Kenya and Uganda.
15:54
15:54

Kenyan Firm to Buy Orient Bank Uganda bank of uganda 1 Top story

I&M Holdings, which is listed on the Nairobi Stock Exchange, says the acquisition of the bank is now subject to several conditions including regulatory and corporate approvals including those from the central bank of Kenya, Bank of Uganda, Capital Markets Authority and shareholders of the company in general meeting.
13:35
13:35

Bank of Uganda Approves NC Bank, CBA Integration 1

The merger of the banks had already received approval from the Central Bank of Kenya, where they are both headquartered, but needed a nod from the Bank of Uganda. In a joint statement issued on Monday, both banks said the merger had received a letter of “no objection” meaning it can go ahead as planned.
14:30
14:30

UDB to Be Placed Under Bank of Uganda Watch 1

The suggestion is one of the promises that the Ugandan government has put forward to lenders, including the International Monetary Fund and World Bank, indicating UDB will be used as a vehicle to finance local companies as they recover from the coronavirus crisis
15:19
15:19

Shillings Depreciates to 3,900 as Panic Over Covid-19 Takes Toll stephen kaboyo 1

On Tuesday March 24, the Bank of Uganda quoted the shilling at Shs 3,893/3,903 buying and selling respectively against the dollar. This is far weaker than a week ago when the local currency traded at Shs 3,741/50 against the dollar.
14:23
14:23

BoU Staff Expect Kasekende's Contract to Be Renewed Dr Louis Kasekende 1

Kasekende, 61, first served as the deputy governor between 1999 and 2002. Before then, he had served in different capacities at the central bank –director of Research Department and executive director responsible for research and policy.
13:32
13:32

Borrowers To Default on Loans– BoU Survey bank of uganda 1

The tightening of loan terms for long term borrowers could be due to the fact that the country is entering an electoral period where businesses are affected with most investors putting their spend in Uganda on hold for the period to end. While government is not expected to change, there is uncertainty over the economy in the after 2021. Banks are saying let us wait and see.
15:26
15:26

BoU Officials Charged, Remanded bank of uganda 1

Prosecution alleges that the suspects on April, 26th, 2019 between France, Belgium and Entebbe International Airport allowed the inclusion of unauthorized cargo on a plane chartered by BoU.
18:44
18:44

BoU Tasked to Explain Irregular Procurements bank of uganda 2 1

The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) queried irregular procurement worth 300 million Shillings of 350 branded pens worth 125 million Shillings, and a payment of 100 million Shillings to Kampala Serena Hotel. Also queried is an additional 64 million Shillings that was paid out for the hire of tents and chairs in 2016.
17:25
17:25

MPs Summon Muhakanizi Over BoU Audit Queries bank of uganda 5 1

Prior to the commencement of the meeting, MPs asked BoU officials to name the person responsible to account for funds availed to the Central Bank.
12:59
12:59

Uganda Exported Gold Valued at UGX1.3 Trillion in March gold exports uganda 1 Top story

This brings the total export for the three months to March 2019 or the first quarter of 2019 to $493m (1.8 trillion shillings), this is slightly lower than the $ 549 million (2 trillion Shillings) exported in the whole of 2018
19:32
19:32

Edwin Keronga to Head PostBank as Mukweli Bows Out bank of uganda

Mukweli who has been the bank’s Managing Director since the early 2000s, handed in his resignation to the bank’s board chairman Grace Bakunda on Friday, a day after his appearance at the Anti-Corruption Court, where he and six other officials were charged with abuse of office, causing financial loss and conspiracy to defraud their employer.
16:13
16:13

Gov’t Considers Infrastructure Bonds as Alternative Funding Source nssf uganda 2

Infrastructure bonds are a debt instrument issued to fund the infrastructure projects such as road construction, water supply improvement, and power generation projects.
15:42
15:42

Brac Granted Approval to Become Credit Institution Brac Uganda Limited

The license, which URN has seen, stipulates that Brac must deposit a minimum capital requirement of 1 billion shilling with Bank of Uganda on top of paying an initial license fee of 2m shillings.
19:31
19:31

Central Bank Tasked to Stop Mortgages on Public Land bank of uganda 3 1

Bamugemereire’s plea is based on reports that chunks of government land have been mortgaged by individuals and often taken over by commercial banks.
18:47
18:47

Post Bank Remains Sound amid Probe – BOU Bank of Uganda

A statement issued this evening by the Central Bank indicates that The Bank of Uganda is working very closely with investigative teams and the Ministry of Finance to ensure that the services and operations of Post Bank Uganda Limited are not interrupted.
09:10
09:10

Stanbic Bank Uganda Reorganization to Boost Stock patrick mweheire

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.
21:41
21:41

MPs Punch Holes in COSASE Bank Probe Report member 8 1 Top story

The Ajuri County MP, Hamson Obua volunteered to name the officials who featured prominently during the investigations as some of the people responsible for the irregularities.
21:24
21:24

Crane Bank Closure Was Illegal-COSASE cosase report 1 1 Top story

The report indicated that an analysis of the Banks liquidity from 1st January to 24th January 2017 revealed that the financial institution had recovered from liquidity distress from mid-January 2017 to the time it was disposed on 25th January 2017.
Sep 137 results