Finance & Banking
-
Ecobank Uganda Partners with Ria Money Transfer to Enhance Remittance Services
KAMPALA, September 3, 2024 – Ecobank Uganda Limited has formed a strategic partnership with Ria Money Transfer, a renowned global leader in cross-border remittance services. This partnership will significantly improve remittance options…
Read More » -
dfcu posts Shs 50.9bln in gross profit
KAMPALA, August 22, 2024 – dfcu Limited’s interim unaudited financial results for the six months ending June 30, 2024, reveal a gross profit of Shs 50.9 billion, marking a 51.6 percent increase…
Read More » -
Finance Trust Bank empowers 2,000 women through GROW project
KAMPALA, August 19, 2024 — Finance Trust Bank has successfully trained 2,000 women entrepreneurs as part of the World Bank-funded Growth Opportunities and Productivity for Women Enterprises [GROW] project. The project, supported…
Read More » -
Refugees excited over extension of financial services to settlement
KIKUUBE, August 19, 2024 — Refugees in Kyangwali Refugee Settlement in Kikuube district are celebrating the recent extension of financial services to their area, a development they say will greatly ease their…
Read More » -
Coop Exchange launches EU base in Malta
VALLETA, August 17, 2024 – Fintech platform Coop Exchange recently launched an EU subsidiary in Malta during an event. The initiative forms part of Coop Exchange’s efforts to build a global network…
Read More » -
Stanbic reports 3.8 percent increase in total assets
KAMPALA, August 16, 2024 – Stanbic Uganda Holdings Limited has announced that its total assets reached Shs 9.76 trillion as of June 30, 2024, marking a 3.8 percent increase from the previous…
Read More » -
Govt picks six banks for over Shs 803bln GROW project
KAMPALA, August 14, 2024 – Six commercial banks have been selected by government as it implements the World Bank funded Generating Growth Opportunities and Productivity for Women Enterprises [ GROW ] project.…
Read More » -
Afreximbank and UDB sign project preparation financing agreement
NASSAU, August 13, 2024 – African Export-Import Bank [ Afreximbank ] and the government-owned Uganda Development Bank [UDB] have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory…
Read More » -
AfDB invests US$ 20mln in infrastructure fund to catalyse continental development
ABIDJAN, August 2, 2024 – The African Development Bank [AfD] has signed a US$ 20 million equity investment in the African Infrastructure Investment Fund 4 [AIIF4]. The deal, signed on 31 July…
Read More » -
Money Laundering: Afreximbank to host International Compliance Forum for Africa
CAIRO, August 1, 2024 – To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank [Afreximbank], in partnership with the Inter-Governmental Action Group against Money…
Read More »