Tag Archives: Customers

20 companies, including CIC Insurance, Equity Bank, and several universities, have been penalised a total of Sh2.2 billion for failing to hand over unclaimed financial assets to the Unclaimed Financial Assets Authority (UFAA), Kenya media reports. The fines follow a detailed audit by Kenya’s Auditor-General, which revealed that these firms withheld dividends, insurance payments, dormant savings, and other idle funds …

A major banking bombshell has hit the financial streets of Kampala — Absa Bank Uganda has gobbled up the struggling retail and wealth wing of Standard Chartered Bank Uganda! The shock deal, sealed on Friday at Stanchart’s head offices, marks the end of an era for one of Uganda’s oldest banks, which has finally thrown in the towel on its …

One of the officials at KCB bank’s top management is embroiled in a blistering sex scandal with female employees and customers at a rival bank. This official at the KCB headquarters has over the four years been exchanging sex and money with female staffers and customers at a rival bank which we shall not mention for now. But a hint-DFCU, …

On Tuesday, about seven armed robbers raided my precious home and took off with all the money that I had at the moment. It seems one of my shaft mates tipped them that I am the richest cosmetics dealer in Uganda. “Where is the dime?” one of the armed robbers asked me. I immediately moved to the bedroom and pulled …

By Our Reporter | Kampala Uganda Airlines has written to Wavah Water, expressing alarm over what it described as a “very serious and unacceptable” food safety incident involving bottled water served on one of its flights.In an August 21 email addressed to Ms Charlotte Mayanja Kakooza, the Wavah Water manager for sales and client relations, Mr Dominic Mascarenhas, Uganda Airlines’ …