DTB Uganda Archives – Page 2 of 2

Pursued by 3 banks over UGX 72 bn in debt, how a desperate Hamis Kiggundu turned to courts to buy more time, but in the process cut the hands that fed him

by CEO ReporterFinance The Big StoryNovember 2, 2020November 2, 2020

The Hamis Kiggundu vs. Diamond Trust Bank (DTB) case took almost everyone by surprise. Everybody who knows the maverick businessman, the proprietor of Ham Enterprises and Kiggs International, knows that…

Foreign banks do not require central bank authorisation to lend to Ugandan entities; Bank of Uganda clarifies on controversial court ruling

by Muhereza KyamuteteraFinance The Big StoryOctober 14, 2020October 14, 2020

Professor Emmanuel Tumusiime Mutebile, the Governor, Bank of Uganda has unequivocally said that foreign financial institutions that do not use locally-raised deposits to lend to Ugandan entities do not require…

HAM vs DTB: Does a foreign lender to a Ugandan business require a licence? Expert lawyers point out the four errors made by court

by Muhereza KyamuteteraFinance The Big Story Thought LeadershipOctober 14, 2020October 14, 2020

By Phillip Karugaba , Rachel Musoke , Rehema Nakirya Ssemyalo and Anita Kenyangi The recent controversial decision in Ham Enterprises v Diamond Trust Bank (U) and Diamond Trust Bank (K) Ltd has shaken up Uganda’s banking and finance sector,…

PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019

by Muhereza KyamuteteraThe Big StoryNovember 17, 2019January 15, 2023

The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets,…