In an era marked by increasing globalization and interconnected economies, East Africa is no exception to the growing need for cross-border banking solutions. However, various challenges have hindered seamless financial transactions across borders in the region. In this article, we’ll explore the cross-border banking challenges faced in East Africa and shed light on the innovative…
In recent years, the financial landscape has undergone a profound transformation, driven by the relentless rise of fintech startups. These innovative and agile companies have rapidly carved out a space for themselves, challenging and reshaping the traditional banking sector across the globe. In East Africa, this disruption is particularly evident, with fintech startups making a…
In an era where digital interactions reign supreme, calling a bank provides a seemingly human touch for consumers wary of the digital landscape. However, with the surge in banking fraud and the advancements in generative AI voice cloning tools, questions arise about the safety of voice banking. Rising Threat of Impersonation Attacks Impersonation attacks, a…
The Monetary Policy Committee (MPC) of the Bank of Uganda has opted to maintain the Central Bank Rate (CBR) at 9.5%, affirming its commitment to fostering economic stability and growth. In a statement issued by Michael Atingi-Ego, the Deputy Governor of the Bank of Uganda, the decision to retain the current monetary policy stance aligns…
Carrefour, the retail giant exclusively operated by Majid Al Futtaim in Uganda, is celebrating its impressive four-year milestone in the country with an exciting array of rewards and discounts. From January 31 to February 13, 2024, shoppers can anticipate winning big as the retailer expresses gratitude to its loyal customers. As part of the anniversary…
In a significant move that underscores its stability and financial prowess under the new International Financial Reporting Standard (IFRS) 17, Jubilee Holdings Limited Board declared an interim dividend of KES 2 per share, totaling an impressive KES 145 million. This announcement reaffirms shareholder confidence in the company’s consistent profitability and resilience in the face of…
Singapore-based software products company, Azentio Software, is excited to announce the appointment of Sanjay Singh as its new Chief Executive Officer. Backed by funds advised by Apax, Azentio is primed for its next phase of expansion under the leadership of Sanjay, a seasoned executive with over 25 years of global experience in high-growth software businesses….
Equity Insurance, a subsidiary of Equity Bank, achieved remarkable success by selling 7.2 million policies, contributing to an 8% growth in profits for the Equity Group, as revealed in its recently announced half-year results. The impressive performance of Equity Insurance has ignited optimism that it could potentially outshine its banking counterpart by 2030, as stated…
Housing Finance Bank has attained the Certificate of Acceptance from the Sustainability Standards and Certification Initiative (SSCI) at the 10th Global Sustainable Finance Conference held in Karlsruhe, Germany. This achievement highlights HFB’s strong commitment to sustainability, responsible business practices, and alignment with global Sustainable Development Goals and Uganda’s national development agenda. The process of becoming…
In the ever-evolving landscape of technology, Artificial Intelligence (AI) stands as a game-changer, ushering in transformative shifts that redefine how businesses operate and engage with customers. At the forefront of this dynamic wave, Chipper Cash is harnessing the power of AI to reshape the way we connect, create, and innovate. If you’re eager to delve…
