Airtel Money users to benefit from Airtel Uganda – KCB bank partnership

Airtel Money users to benefit from Airtel Uganda-KCB partnership

Airtel Uganda customers to benefit from the telecommunication company’s merger with KCB Bank. Telecommunication company Airtel chose KCB Bank as its trust account holder for Airtel Money mobile financial services and is aimed at enabling the lender to receive even cheaper deposits. Due to this partnership, Airtel customers using mobile money will now be in position to attain unsecured mobile…

Archbishop Kazimba urges believers to unite and clear Church house loan

Archbishop Kazimba urges believers to unite and clear Church house loan

Archbishop Stephen Kazimba Mugalu has encouraged the faithful believers to unite and contribute towards clearing the Church house loan. The Kampala Road based building loan  is seemingly becoming harder and harder to clear which prompted the Archbishop to call upon Christians in a battle towards clearing the debt. While addressing the media yesterday, Archbishop Kazimba aired out his views in…

Airtel and KCB Uganda Launch joint partner to launch low cost mobile loans and savings

KCB Bank Uganda and Airtel Uganda recently put out a wide range of mobile financial choices for customers in Uganda via Airtel Money. The entirely electronic digital products comprise; Instant Unsecured Mobile Loans, Regular Savings and Fixed Deposit Savings Accounts which allow clients borrow mobile loans for as low as shs300 and earn interest on savings for as high 9%,…

Separation of mobile money services from Telecom operations is a blessing in disguise- Airtel Uganda

The government last week issued a directive to telecommunication companies to separate operations between mobile money and telecom services. The government went ahead to issue financial service operator licenses to the major Telecom companies, Airtel and MTN. Airtel mobile money will be trading as Airtel Mobile commerce Uganda while MTN will be trading as MTN Mobile money Uganda. This split…

UGX 1.78 trillion revenue deficit registered in the last eight months

Bank of Uganda

Basing on the new monetary report realized by the Bank of Uganda, the government was in a deficit of UGX 1.78 trillion less than the anticipated UGX 16.1 trillion in the last eight months. The May realized report indicates that in opposition to targets set by the Uganda Revenue Authority of UGX 16.1 trillion, meant to be got from new…

Businessman Ham set to drag his battle with DTB to the Supreme Court

Hamis Kiggundu

City businessman Hamis Kiggundu has decided to further his multi-billion case against Diamond Trust Bank (DTB) Uganda and Kenya branches to the Supreme Court after the Court of Appeal canceled out the Commercial Court’s decision on Wednesday. Mr Kiggundu announced this decision on Thursday through his lawyers Fred Muwema and Arnold Kimala. “The Court of Appeal did not just refuse…

Uganda Investment Authority Announces Morrison Rwakakamba As The New Board Chairman

Uganda Investment Authority Announces Morrison Rwakakamba As The New Board Chairman

The Uganda Investment Authority (UIA) board has announced its new board chairman and its none other than Morrison Rwakakamba. Rwakakamba who will replace Dr. Emely Kugonza has been the CEO at Agency for Transformation (AfT) and also a board member at UIA. Dr. Kugonza will be stepping down just into his third year as the board chairman after winning the…

The Battle Continues as court trashed ruling in Hamis Kiggundu Vs DTB case

Hamis Kiggundu

The battle is far from over as the Court of Appeal has of today nullified a ruling that was earlier on made in regards to the Hamis Kiggundu, Diamond Trust Bank (DTB) case last year. According to the ruling by Justice Henry Peter Adonyo last October, the bank had violated the Financial Act of 2003 resulting in his judgment that…

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