More than 2000 entrepreneurs who participated in various training programs at Stanbic Business Incubator Limited (SBIL) between January 2022 and April 2023 have successfully graduated in a ceremony, held at hotel Africana.
Supermarket chains have a significant role in supporting local suppliers and boosting the economy. By prioritizing the sourcing of products from local businesses, supermarket chains contribute to the growth of local economies and promote job creation and sustainability. One such supermarket chain making a notable impact is Carrefour, operating through an exclusive franchise agreement with…
Last week, Housing Finance Bank organized a customer service forum at Silverback Hotel in Mbarara as part of its ongoing commitment to show appreciation to its valued customers. The event aimed to reward customers in the western region and gather valuable feedback. This forum is just one of many customer reward engagements planned by the…
Kevin Nandase Wagubi, a seasoned banker with extensive experience in both Human Resources and Business within the financial industry and with a career spanning 20 years has been appointed as the Head of Human Resources at Equity Bank Uganda. Previously serving as the Head of Human Capital Management at United Bank of Africa Uganda since…
The Ugandan government is proposing a draft law that would require individuals or businesses offering foreign exchange services to have a minimum capital of at least Shs200 million. Failure to meet this requirement within six months could result in closure.
URA recently welcomed a delegation from Airtel to engage in discussions regarding tax-related issues and foster stronger ties between the two organizations. During the meeting, Manoj Murali, the Managing Director of Airtel Uganda, expressed his concerns about the 0.5% tax imposed on mobile money withdrawals. He highlighted that this tax has led customers to opt…
In today’s digital age, where financial transactions are predominantly conducted online, the risk of bank fraud has become a pressing concern for individuals and businesses alike
The banking industry in Uganda is calling for the official recognition of the Uganda Institute of Banking and Financial Services as a statutory body responsible for regulating and professionalizing the industry. Industry leaders believe that establishing this statutory body will facilitate the enforcement of standards in the banking sector.
Centenary Bank has today announced its commitment to the Masaza Cup tournament by sponsoring it with a generous package of UGX 600 million for the next three years, with an annual contribution of UGX 200 million. As a bank dedicated to the growth and progress of the country, Centenary Bank has a strong track record…
The Central Bank of Tanzania has issued a directive ordering businesses to cease conducting transactions in US dollars and mandating that all prices be quoted in Tanzanian Shillings.
