Banks
Bank of Baroda executive director resigns
Bank of Baroda Uganda on Wednesday announced the resignation of its executive director, Bhati Prithvi Singh, after more than four years in the role
Burn Manufacturing secures funding from AfDB to expand electric cooking in East and Southern Africa
Burn Manufacturing, the Kenyan producer of clean cookstoves and carbon developer, has secured a $4mn grant from the African Development Bank to roll out electric cooking solutions in Uganda, Kenya, and Zambia
Stanbic Bank Uganda declares annual dividend
Stanbic Uganda Holdings Limited today announced an annual cash dividend of Shs3.13 ($0.00086) per share
Phillip Madinga to replace Anne Juuko as Stanbic Bank CEO
Stanbic Bank Uganda, the country's largest bank by assets and profitability, is expected to announce the head of Standard Bank Malawi, Phillip Madinga, as its new chief executive
Dfcu profit soars 40% after bank releases loan loss reserves
Profits at Dfcu Limited rose more than 40 per cent in the first six months, but the company, which derives most of its revenue from Dfcu Bank, reported a fall in income
Stanbic traders boost profits
Uganda's largest bank reported a strong increase in first-half profits despite monetary tightening, as its traders posted their best performance in three years and credit quality improved
Stanbic Uganda’s annual net profit rose
Stanbic Uganda Holdings Limited said its annual net profit rose by 15.2 per cent and was mainly driven by its anchor subsidiary, Stanbic Bank Uganda
Tips for borrowing money: What’s acceptable and what’s not
While the holidays may tempt you to let your financial guard down, it's important to reflect on your financial portfolio to avoid sinking deeper into debt
Two top 100 African bank rankings, same two Ugandan banks
Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitabilityMore Banks
Social media message on Crane Bank inaccurate, says BoU (Updated)
"Guys, if you know anyone with money in Crane Bank, tell them to remove it... Within the next week," the message circulating on WhatsApp on Thursday morning said. It was signed: "Insider BoU." Bank of Uganda has denied the message.
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.
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.
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.
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."
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.
