Stanbic Bank has announced her plan of aiding the operations of Savings and Credit Cooperative Organisations (SACCOs) and Village Savings and Loans Associations (VSLAs) throughout the country. Basing on the bank’s head of Client Solutions, Emma Mugisha, the move has an agenda of making both SACCOs and VSLAs better and more interesting for members plus other Stakeholder through majorly focusing…
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World Bank says more Ugandans have embraced agriculture due to covid-19
According to World Bank Country Manager, Mr. Tony Thompson, Covid-19 has driven more Ugandans towards Covid-19. Mr. Tony Thompson made these remarks during the virtual release of the 17th World Bank update on Uganda’s economy. He attributed this to the rates of job loss, closure of small business which all happened due to challenges that arose from the pandemic in…
Read MoreAirtel Money users to benefit from Airtel Uganda – KCB bank 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…
Read MoreThe World Bank Advises Uganda On Steps For Economic Recovery
Of late growing concern among both experts and the general public has arisen on Uganda’s high debt levels. These feel that the country should drop it’s current spending sprees due to the present economic mishaps. According to the world bank, an increase in government expenditure to the tune of an estimated 25% against the deficit of nearly 10% funded through…
Read MoreArchbishop 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…
Read MoreAirtel 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%,…
Read MoreWe are going to focus on teaching taxpayers their obligation-URA
The Uganda Revenge Authority, the body responsible for collecting taxes in Uganda has come out to say how it’s going to start a vigorous taxpayer educational campaign. Most taxpayers do not know their roles and this is what the body is going to focus on. The revelation was made by the URA commissioner general John Musinguzi Rujoki while meeting bankers.…
Read MoreSeparation 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…
Read MoreUGX 1.78 trillion revenue deficit registered in the last eight months
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…
Read MoreBusinessman Ham set to drag his battle with DTB to the Supreme Court
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…
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