140 to lose jobs as BoU revokes EFC’s licence
More than 140 employees of EFC Uganda Ltd, a microfinance deposit-taking institution, are sweating over their next move following a decision by Bank of Uganda to wind up…
Section
Finance
Banking, insurance, pensions, capital markets and fintech.
Crane Bank Sale: Top BoU, DFCU bosses face prosecution
The Supreme Court of the United Kingdom has blocked DFCU Bank’s attempt to sidestep the prosecution of its top bosses in a case where they are accused of fraudulently…
Stanbic Uganda Holdings Gets New Boss
Mr. Francis Karuhanga has been named the new Chief Executive Officer of Stanbic Holdings Uganda Ltd, replacing Andrew Mashanda, effective January 1, 2024.
New DTB, KACITA partnership to boost women enterprises
Diamond Trust Bank and the Kampala City Traders’ Association (KACITA) have entered a partnership aimed at boosting small businesses and entrenching Environmental, Social…
Capital Markets Authority Gets New Boss
Ms Josephine Ossiya has been appointed Chief Executive Officer of the Capital Markets Authority (CMA).
Anxiety As Donor Aid to Uganda Slumps
Declining donor aid means a higher tax burden on citizens and more foreign debt to bankroll notoriously high public expenditure. Concern is rising as donor cash…
Government reaffirms support to scientists
President Yoweri Kaguta Museveni has warned public officials against taxing innovations, saying there’s no logic in taxing innovations when Uganda gives tax holidays to…
BIRDIC Commissions New Generation Tuku Tuku Vehicles to Improve Tooke Distribution
The Banana Industrial Research and Development Center (BIRDIC) whose mission is to use research to develop and market banana-based valued-added products, is embarking on…
MTN Uganda awarded as the fastest mobile network in Uganda
25 th January 2023 – Kampala, Uganda: MTN Uganda has been recognized for the top position as the mobile operator with the fastest internet speed in Uganda, according to…