dfcu Bank could close 46 branches in fresh legal battle

dfcu Bank could close 46 branches in fresh legal battle

Meera Investments has dragged dfcu Bank to Land Division of the High Court, seeking to reclaim its 46 branches that were allegedly acquired illegally countrywide following the dissolution of Crane Bank. Should court agree with the arguments of Meera Investments, all the 46 country wide dfcu Bank branches will be closed and reverted to them. […]

Agent banking to ease and increase financial inclusion

Agent banking to ease and increase financial inclusion

People living in areas without a commercial bank branch will soon be able to access formal bank services. Banks are currently putting final touches on the preparations to roll out agent banking following the approval of the regulations about three month ago. Reports indicate that at least three banks – Stanbic, Barclay and Centenary Bank, […]

Why Taxify boda is the safest option

Why Taxify boda is the safest option

Why Boda bodas, or motorcycle taxis, are the main forms of transport in Uganda, their safety has been a big issue. But announcement of a boda-boda option on the Taxify app in Uganda has been heralded as a game changer. Taxify, a ride-sharing platform, last week unveiled their boda boda option and the Estonian firm […]

Ugandan journalists to participate in continental Sanlam Awards

Ugandan journalists to participate in continental Sanlam Awards

Sanlam Uganda is proud to announce this morning that Uganda will be participating in the Sanlam Awards for Excellence in Financial Journalism. The awards have been recognising and rewarding exceptional business journalism since 1974. The awards aim to honour the indispensable role of the financial journalist in modern business life and the high standards required […]

Gov’t warns Kampala tycoons over charging tenants in dollars

Gov’t warns Kampala tycoons over charging tenants in dollars

Minister for Trade, industry and cooperative, Honorable Amelia Kyambadde has asked investors who own commercial buildings to stop charging local business people in dollar rate. Ms. Kyambadde says, the investors should start charging in local currencies to encourage local businesses people easily access space to carryout businesses. The minister says, her ministry is also trying […]

NSSF beats global funds in investment performance

NSSF beats global funds in investment performance

NSSF Uganda has narrowed the gap with top fund managers of similar size in investment performance at the global stage, shows industry data released by the Annual CEM Investment Benchmarking survey, commissioned by the International Social Security Association (ISSA). According to the reputable investment benchmark survey’s 27th edition, NSSF beat other saving bodies in net […]

UMEME sets $155 million 2018 investment plan

UMEME sets $155 million 2018 investment plan

Uganda’s leading electricity distribution company, UMEME Limited, injected over USD500m (about Shs1.8trn) in developing necessary infrastructure in 2017, now, they have earmarked a further USD 155 million for new investments in the next year, a top executive said on Thursday. At the ongoing Electricity Regulatory Authority’s tariff review public hearing at Imperial Hotel, UMEME’s deputy […]

“We expect to be the top paint brand in 2018” says Sadolin’s Deon Nieuwoudt

“We expect to be the top paint brand in 2018” says Sadolin’s Deon Nieuwoudt

“Are splashing more million dollars to find your back onto the top in the Ugandan market,” Deon Nieuwoudt, the planning and execution manager at the Dutch based AkzoNobel Coatings International BV, which owns the Sadolin brand name in Uganda was asked after spending Shs50 million in the just concluded Uganda Society of Architects Annual General […]

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