Interswitch, the leading integrated payments and digital commerce company in Africa, has formed a strategic partnership with Equity Bank, one of East Africa’s top banking groups. The collaboration aims to offer faster and more affordable banking services to Equity Bank’s customers at over 650 Interswitch-enabled ATMs belonging to 17 local banks in Uganda. This partnership…
In honor of World Blood Donor Day, dfcu Bank has launched a two-day blood donation drive in partnership with the Uganda Red Cross Society (URCS) at its branches. The inaugural drive kicked off this morning at the dfcu Bank Head Offices in Nakasero and will continue until June 15 at various locations, including Nakasero and…
Equity Group Holdings has announced its intention to acquire Cogebanque PLC Ltd, a Rwandan bank, as part of its regional expansion strategy. The two banks have already signed a binding term sheet, and upon completion of the transaction, Equity will pay $48.1 million (Sh6.71 billion) for a 91.93% controlling equity stake.
Last week, The Open Innovation Program, an initiative commissioned by Make-IT in Africa, a project by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) together with Housing Finance Bank as the host kicked off. The Program aims at advancing innovation that promotes smart…
Businessman Hamis Kiggundu, popularly known as HAM, has lost an appeal in the Supreme Court after 6 judges unanimously agreed the Sh120 billion, which was extended to him by DTB Uganda and DTB Kenya is within the law.
Stanbic Bank Uganda has chosen IBM’s Cloud Pak Integration Software, an open banking platform, to support its digital transformation and enhance the customer experience. The bank plans to implement the IBM Cloud Pak digital banking platform, replacing legacy systems and streamlining processes as part of its IT transformation strategy. Uganda has prioritized smart policies to…
The Fund has witnessed 42.5 million transactions through which 20.2 million Kenyans have accessed about Sh30 Billion
Dfcu Bank has reiterated its unwavering commitment to the SME sector and its crucial role in Uganda’s economy. The remarks were made by Charles Mudiwa, CEO of dfcu Bank at the launch of the highly anticipated 2023 edition of the Top 100 Mid-sized Companies Survey at an event, held at the Sheraton Kampala Hotel. The…
Stanbic Bank, Kakira Sugar Works, and the Busoga Sugarcane Growers Association have formed a partnership to provide sugarcane farmers in Busoga with a new loan solution.
The Finance Ministry has announced that Uganda’s parliament has given its approval to a 10% increase in government spending, raising it to 52.73 trillion shillings ($14 billion) for the fiscal year 2023/24. According to Ugandan law, lawmakers must grant approval for the government’s spending plans before they are officially presented in the budget speech. The…
