The Black Wall Street Chairman Mr. Charles N Lambert, a champion for Africa's economic development through his Economic War on Poverty has advised Ugandans to harness their social capital as one of the ways to financially liberate themselves.
The Commercial Court has ordered Stanbic Bank (U) Ltd, Uganda’s biggest bank by assets to pay more than Shs400m after some of its top staff created a sham company that they used to sell to themselves several plots of land belonging to a customer.
By Edgar Mugarura and Denis Yokeyasi Kakembo
Introduction
Press release: Housing Finance Bank has been named the most innovative bancassurance agent for the year 2020 at the Annual Insurance innovation awards held at Serena Hotel Kampala on December 18, 2020.
The Managing Director, Housing Finance Bank Uganda, Michael Mugabi and Hatem Chakroun, the Agence Française de Développement (AFD) country Director in Uganda, have signed two financing agreements to the tune of euro 10.5 million (UGX 46.5 bn).
Press release: As part of its continued efforts to support businesses amidst numerous challenges presented by the impact of COVID-19,dfcu Bank is offering Unsecured bid bonds of up to UGX 500,000,000 to support traders and contractors in the management of their working capital an
Stanbic Bank has been hit by another fraud, a week after being on the spot for allegedly selling a client's mortgaged properties to the bank’s top employees.
The outstanding court awards to be paid by Government to individuals and companies have now reached Shs9.460trillion, the Ministry of Finance, Planning and Economic Development has revealed.
20 commercial banks in Uganda have lowered lending rates to support their customers as they tackle financial stress inflicted by the Covid-19 pandemic.
Solar Home System company Fenix International collected a loan to a tune of $12.5 million (about Shs46.5 billion) from the European Investment Bank to expand its operations in Uganda.
