Members of Parliament led by the Deputy Speaker, Thomas Tayebwa, have rallied Ugandans to donate blood to address the shortage of blood within the country.“Let us donate blood, you never know who you will save you, your relatives or loved ones in the future. Nakasero Blood Bank has been around the country appealing to people […]
Uganda Development Bank (UDB) has handed over assorted furniture worth Shs45 million to the National Leadership Institute (NALI) as part of its Corporate Social Responsibility. The Managing Director of UDB, Patricia Ojangole, said the bank believes in contributing to the all-round development of society. “At UDB, we have etched a culture of serving beyond our […]
Uganda Development Corporation (UDC) officials led by the board chairperson, Godfrey Ruhurira, met with the board chairperson of Uganda Manufacturers Association (UMA), Deo Kayemba, to discuss areas of strategic partnership for industrial development.The UDC is the investment arm of the government mandated to promote and facilitate the industrial and economic development of Uganda while UMA […]
Centenary Bank is turning to social media network WhatsApp to provide customer-centric banking solutions. To achieve this, the commercial bank launched CenteWhatsApp Banking, a service designed to provide customers with convenient and secure access to a wide range of banking services directly through the messaging platform.CenteWhatsApp banking capacitates WhatsApp to bring banking services closer to […]
Uganda Development Bank (UDB), the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF).The agreement will scale up lending to SMEs, Women, Youth-affiliated businesses, and green projects in Uganda with credit worth Shs16 billion.The announcement was made during an agreement signing ceremony that was held at […]
An official from the African Development Bank Group (AfDB), Dr Kevin Kariuki, has pledged that the continental development bank will continue working closely with the government of Uganda to achieve its development goals.Dr Kariuki, the AfDB Vice-President of Power, Energy, Climate & Green Growth Complex, made the pledge in Kampala in a meeting with Matia […]
To stimulate economic activity, Stanbic Bank Uganda has announced a new lending campaign dubbed Oli Sorted, aimed at facilitating Ugandans to access affordable credit to finance their personal and commercial needs.Israel Arinaitwe, the Head of Personal Banking at Stanbic Bank said after the last quarter of the year which is characterized by high-spending, individuals and […]
Finance Trust Bank (FTB) and Nigeria’s Access Bank PLC (Access Bank) have announced the signing of a definitive agreement for Access Bank’s equity investment into FTB.The deal will also see Access Bank concurrently acquiring the shares currently held by FTB’s Institutional Shareholders who have sought to exit to a strategic, long-term shareholder.The transaction is subject […]
The top leadership of Development Finance Institutions in Africa will convene in Uganda from the 23rd to 24th of January 2024 to learn from the experience of Uganda Development Bank (UDBL) in embracing the rigorous Sustainability Standards.The benchmarking visit organized under the auspicious of the African Association of Development Finance Institutions (AADFI) in cooperation with […]
The license of EFC Uganda Limited, a microfinance deposit-taking institution in Uganda, has been revoked, Michael Atingi-Ego, the Deputy Governor of Bank of Uganda announced in a statement on Friday. The Deputy Governor also reveals that EFC Uganda has been ordered to wind up its activities and operations. Basically, EFC Uganda has been put under […]