In a resounding celebration of education and opportunity, Diamond Trust Bank(DTB) has announced the commencement of it’s third cohort, consisting of 100 ambitious students from diverse universities, into the much-anticipated DTB Job Shadowing programme. The initiative marks a pivotal step forward in bridging the gap between academic knowledge and real-world application. DTB Job Shadowing programme…
In a significant move set to transform the landscape of mobile financial services, the Central Bank of Kenya has granted Safaricom’s request to elevate the M-PESA account limit to KSh. 500,000. This transformative adjustment is poised to take effect on August 15, 2023, and will be applicable to all M-PESA customers across Kenya. Alongside the…
Mastercard Inc, a leading payment processor, has entered into an agreement to acquire a minority stake in the fintech division of MTN Group Ltd. The CEO of MTN, Ralph Mupita, has confirmed ongoing negotiations for this investment, as reported by Bloomberg. The bedrock of MTN’s fintech initiatives centers around its mobile money offering, MoMo, which…
The dream of owning a home is a milestone that holds a special place in many people’s hearts. As individuals work towards turning this dream into reality, the question of whether to opt for a mortgage or a loan becomes a crucial decision. Both options offer pathways to home ownership, each with its own set…
Michael Atingiego, the Deputy Governor of the Bank of Uganda, has urged the attendees at the Annual Bankers’ Conference to reflect on thought-provoking concepts such as “banking hours.” The remarks were made as he addressed the gathering under the conference’s theme, “Trends and Innovations in FinTech Changing the Face of Banking and Financial Service.” He…
In a landscape where digital financial services are embraced by more than half of the population, while traditional banking remains accessible to a mere 10%, the imperative for fostering collaboration with digital financial service providers becomes clear. This was the key message put across by Housing Finance Bank’s Managing Director Michael K. Mugabi as the…
Airtel Africa and Mastercard have jointly announced the introduction of an advanced cross-border remittance service, allowing Airtel subscribers across 14 African markets to send and receive money seamlessly. This groundbreaking service will be implemented in a phased manner, offering users a streamlined digital experience that bridges them to a global network. Remittances play a significant…
In a significant stride towards enhancing financial accessibility, Housing Finance Bank has joined hands with PostBank and Pride Microfinance Limited to establish a partnership with Airtel Money Uganda. This collaboration aims to facilitate the effortless distribution of Parish Development Model (PDM) funds by the Government of Uganda via the Wendi mobile wallet platform. This strategic…
Introducing children to the world of banking is an essential step toward fostering financial literacy and responsible money management skills. In Uganda, financial institutions offer a range of specialized banking products tailored for young savers. This article delves into a comparative review of banking products for children in Uganda, highlighting their features, benefits, and how…
In a world driven by financial transactions and economic decisions, instilling a solid understanding of banking concepts and money management in children is an invaluable gift. Early exposure to the world of banking can empower youngsters with essential life skills that will serve them well into adulthood. By introducing children to banking in a thoughtful…
