PostBank Uganda Managing Director who also doubles as Uganda Bankers Association (UBA) Chairman, Julius Kakeeto has encouraged businesses to embrace Environmental Sustainability Governance (ESG) practices not just as a regulatory requirement, but also as a strategic move towards enduring sustainability and resilience in a dynamic business environment. Mr Kakeeto was speaking at the 7th Annual Bankers Conference held under the…
The Standard Bank Group (SBG) Chief Executive Sim Tshabalala and Board Chairman Nonkululeko Nyembezi were reportedly in Uganda for two days, last week, during which they held meetings with different…
In consultation with the Bank of Uganda, the Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a statutory instrument increasing minimum capital requirements…
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 times or…
A ceremony highlighting the move was held on Friday, December 16—presided over by Dr. Tumubweinee Twinemanzi, the Executive Director of Supervision at the Bank of Uganda. Ms. Annet Nakawunde, the…
The Bank of Uganda – BoU has commended Stanbic Bank Uganda for rational lending practices on interest rate for loans, credit cards and lines of credit. Tumubweine Twinemanzi, Executive Director…
PostBank Uganda and UnionPay International, the world’s largest payment cards company, have unveiled UnionPay PostCard, a new payments and transaction card to enable the bank’s customers to conduct fast and…
Absa Group Limited’s Barclays-branded subsidiaries in seven African countries – Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania and Zambia – were renamed as ‘Absa’ today, February 12th 2019, completing the name…
According to a source at the Uganda Securities Exchange (USE), IFU reportedly paid UGX645 per share, meaning they paid UGX48.1 billion for the 74,580,276 shares. The deal values dfcu at UGX482.5 billion.
Absa Bank Uganda, a subsidiary of Absa Group Limited has today received the license to operateand trade under its new name from Bank of Uganda. Formerly known as Barclays Bank…
