Tag Archives: Bank

After ten years, millions in financing and bold promises to transform Uganda’s business and tourism competitiveness, the Competitiveness and Enterprise Development Project (CEDP) is now under an unforgiving spotlight. The December 2025 Value for Money audit on CEDP has laid bare a troubling pattern of delayed works, underutilised facilities, partially implemented reforms and systems that exist on paper but struggle …

Banking giant Absa Bank has suffered a major legal embarrassment after the Labour Court in Cape Town ordered it to reinstate private wealth banker Ronaldo Giovanni Kleinsmith, ruling that his dismissal was substantively unfair and partly based on invalid disciplinary charges. The judgment — which overturned an earlier decision by the Commission for Conciliation, Mediation and Arbitration (CCMA) — has …

One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan Keko told the court that Elizabeth Mbabazi, a Rwandan businesswoman, had formally expressed …

The Prime Minister of the Republic of Uganda, Rt. Hon. Robinah Nabbanja has reaffirmed Government’s commitment to strengthening Uganda Development Bank’s (UDB) capital base to enable the Bank fully deliver on its mandate of accelerating Uganda’s socio-economic transformation. The Prime Minister made the remarks last Friday while officiating at a ceremony where staff of UDB were passed out after completing …

The South African unit of one of Nigeria’s largest lenders, Access Bank, has seen an exodus of senior executives amid concerns of a lax compliance regime, with the group roping in its Nigerian executives to steady the ship and put the group on a growth path in Africa’s most industrialised economy. The group in December announced the imminent departure of …

From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank. When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went on to announce the decision publically in a notice issued Thursday, Jan. 29, it …

Kampala, 27th January 2026: Centenary Bank has reaffirmed its commitment to youth empowerment and sustainable development as it actively participated in the Youth Conference organized by Our Lady of Fatima Shrine, Nakulabye Parish Youth Apostolate. The conference is an engagement platform bringing together young people, policymakers, development partners, and the private sector to shape conversations around economic inclusion, innovation, and …

The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news. As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale. In the latest bombshell, Standard Chartered Bank Kenya CEO Kariuki Ngari has announced he …

Equity Bank’s Juba Main Branch is facing imminent litigation after law firms representing two clients accused the bank of failing to provide cash despite repeated requests, causing what they call a “fundamental breach” of banking obligations. In a formal demand notice seen by Radio Tamazuj, Pan African Law Chambers LLP and Alliance Law Chambers state they are prepared to file …

Equity Bank on Saturday handed over a dummy cheque worth two thousand US dollars to Uganda’s top professional golfer, Marvin Kibirige, at the Uganda Golf Club, in support of his participation in the 2026 Q-School Golf Tournament in India. The sponsorship will enable Kibirige to compete in the prestigious qualifying event, which serves as a gateway to major international professional …