By Beatrice Lugalambi Every few months when schools open after the holidays, it is usually met with a whirlwind that is school preparation, from uniforms that don’t seem to fit anymore, tuition fees, transport, the list is endless. Amid the hustle and bustle, usually down the road is the unsung hero who is a community banker—that is the banking agent. …
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Uganda’s banking and insurance industries are on high alert as a courtroom battle erupts over who should pay for a trail of disastrous land valuations that left Finance Trust Bank exposed to massive loan losses. At the centre of the fight is a Shs300 billion claim—one of the largest ever—based on allegations that Katuramu & Company Consulting Surveyors filed wildly …
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The KCB Group has terminated the employment of 34 employees across its regional operations as part of a crackdown on fraud and misconduct. In its 2023 Sustainability Report, released in August, KCB stated that it made the decision in line with its zero-tolerance policy toward criminal behavior. “KCB enforces a strict zero-tolerance policy on tax evasion, fraud, and facilitation of …
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