Absa Bank launches Jooga 2025 Campaign To Enhance Financial Solutions
Absa Bank Uganda has launched a new financial campaign dubbed “Jooga 2025,” marking a significant…
Absa Bank launches Jooga 2025 Campaign To Enhance Financial Solutions
Absa Bank Uganda has launched a new financial campaign dubbed “Jooga 2025,” marking a significant shift in how customers access and manage their financial needs. This comprehensive initiative transforms traditional banking services into tailored solutions that address real-life financial challenges. During the campaign launch, Absa Bank Uganda’s Chief Finance Officer, Michael Segwaya, outlined the bank’s…
Salaam Bank Wins Top Honors for Green and Real Estate Financing in Uganda
Salaam Bank Ltd has been named the Best Green and Real Estate Financing Institution in Uganda for 2024/2025, highlighting its commitment to sustainable finance and responsible investment practices. Launched in Uganda in 2023, Salaam Bank is the country’s first commercial bank to offer Islamic banking, marking a significant milestone in the country’s financial landscape. Experts…
Stanbic Bank Uganda Names Mumba Kalifungwa as New CEO
Stanbic Bank Uganda has announced the appointment of Mumba Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, pending regulatory approval. Kalifungwa, currently the Managing Director at Absa Bank Uganda, brings nearly 30 years of experience, with 20 years in senior leadership roles in the banking sector across Botswana, Zambia, and Uganda. His…
Q & A on Vehicle and Asset Finance for Housing Finance Bank
Housing Finance Bank’s Vehicle and Asset Finance (VAF) solutions are tailored products designed to help individuals and companies acquire vehicles and other assets. These solutions include vehicle loans for personal vehicles, commercial vehicle financing for businesses, as well as equipment financing and leasing options for various types of machinery and technology. Housing Finance Bank’s Vehicle…
Carrefour Uganda Celebrates MyCLUB Loyalty Program’s 2nd Anniversary with Exciting Rewards
Carrefour Uganda, operated by Majid Al Futtaim, is celebrating the 2nd anniversary of its popular loyalty program, MyCLUB, with a festive campaign themed “Dabo: The Reasons to Celebrate.” Launched in August 2022, MyCLUB has become an integral part of Carrefour’s customer engagement strategy, offering shoppers a rewarding experience through a straightforward points system. The anniversary…
Exposing the Dark World of Illegal Mobile Lending Apps in Uganda
For the past two weeks, investigative journalist Egesa Ronald Leonard through his X account @regesa has been shedding light on a concerning issue plaguing Uganda’s financial landscape. In collaboration with financial crime investigation agencies from the UK and US, his campaign #IllegalOnlineApps has uncovered the troubling findings from StratEdge Consulting, revealing the dark world of…
Carrefour Sponsors Kyambogo Ultra Challenge Run to Promote Healthy Living
Carrefour, under the Majid Al Futtaim umbrella, has announced its sponsorship of the upcoming Kyambogo Ultra Challenge Run, reinforcing its commitment to promoting health and wellness within the Ugandan community. The run, which is Uganda’s only ultra-challenge marathon, is set to take place on May 4, 2024, at the Kyambogo University Cricket Oval. The sponsorship…
Enhancing Customer Experience: Housing Finance Bank Engages Gulu Customers
Housing Finance Bank recently orchestrated a Customer Service Forum at Boma Hotel in a move aimed at enriching customer satisfaction, targeting retail, mortgage, and business clients from Gulu city. This strategic gathering exemplified the bank’s unwavering commitment to refining service standards and surpassing customer expectations through insightful dialogue and feedback. Led by Mr. John Baptist…
Equity Group Maintains Dividend Payout Despite 5% Profit Drop
Despite facing a five percent decline in profit after tax, Equity Group has upheld its track record of dividend payout for the year ending December 2023. The bank’s board has recommended a dividend payout of Sh15.1 billion, marking an increase in dividend yield to 11.9 percent from 8.8 percent in the previous year. James Mwangi,…
Bank of Uganda authorises 3 commercial banks to transition from Tier I to Tier II Credit Institutions
In a significant move aimed at strategic repositioning, the Bank of Uganda (BoU) has announced the authorization for three commercial banks to transition from Tier I Commercial Bank Licenses to Tier II Credit Institution Licenses, effective July 1, 2024. The commercial banks undergoing this transition are ABC Capital Bank (U) Limited, Guaranty Trust Bank (U)…
