Dr. James Mwangi, the CEO and Managing Director of Equity Group, was recently presented with the prestigious Lifetime Achievement Award at the All-Africa Business Leaders Awards in Sun City, South Africa. The award, given by Africa Business News (owners of CNBC Africa and Forbes Africa), recognizes individuals who have made a significant impact on their…
Verve International, Africa’s largest domestic payments scheme, has achieved another significant milestone by surpassing 50 million issued payment cards in Nigeria.
According to the Auditor General, URA received authorization from the finance minister to retain the mentioned funds
Equity Group has announced an increase in its lending rates, effective from July 10, following the Central Bank’s decision to raise its benchmark lending rate to commercial banks by 100 basis points to 10.5 percent on June 26.
During the 58th Annual General Meeting held at Serena Hotel on July 6, shareholders of dfcu Limited voted overwhelmingly to increase the remuneration for the company’s chairman and directors.
The findings of the probe by the Inspectorate of Government into the affairs of NSSF spanning 61 pages, have absolved Mr Byarugaba of many allegations of mismanagement, abuse of office, and corruption, convicting him only of irregular payments and insubordination.
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…
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…
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.
