Tag Archives: Banking

If you’re planning to become a CenteAgent in Uganda, it’s important to understand the agent banking requirements set by our regulator and our bank. This guide explains what Centenary Bank requires to onboard CenteAgents and why each requirement matters. Agent banking allows approved businesses to offer banking services within their communities while earning commissions on transactions. Since agents handle customer …

Post Views: 8 By Wilber Muhwezi Kasibante [MK]In Sheemawww.mknewslink.com——Mushanga sacco ltd headquartered in Sheema with branches across Ankole yesterday afternoon launched two new products among many others it already has.The products are Mobile loans that are offered on mobile phones and Agency Banking that is implemented through agents situated in mainly urban areas.According to the general manager Mushanga sacco, …

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. …

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 …

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 …