Industry

National Bank of Kenya to set a financing facility to help Kenya Revenue Authority suppliers

By Shadrack Kavilu Nairobi, Kenya–Over 903 suppliers registered by Kenya Revenue Authority under the Access to Government Procurement Opportunities (AGPO) programme are set to benefit from a financing facility from National Bank of Kenya (NBK). Following a Memorandum of Understanding signed between KRA and NBK, the bank has established a financing facility focusing on qualifying […]

Industry

BoU changes way of trading securities

BY PAUL TENTENA KAMPALA, UGANDA – The method of pricing treasury bills and bonds in the primary auctions will change to one of a single price from the current multiple prices with effect from July 2, 2018 according to the Bank of Uganda. In the single price method, the respective securities in the primary auction […]

Industry Opportunities

34 SME’s graduate as the first cohort of Stanbic’s Business Incubator

BY EABW REPORTER KAMPALA, UGANDA- Stanbic Bank in partnership with key stakeholders in the Oil and Gas sector have augmented their commitment to promoting increased local content participation with the graduation of 34 SMEs as the first cohort in the recently launched business incubator. The Entrepreneur Development Programme is purposed to equip Ugandan SMEs with […]

Industry

Ecobank Wins Best Digital Strategy Award

BY EABW REPORTER KAMPALA, UGANDA- Ecobank won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise […]

Industry

Uganda to grow by 5.5%- World Bank

BY PAUL TENTENA   KAMPALA, UGANDA–Uganda’s economy is expected to grow at 5.5 percent this year, rising above 6 percent all through to 2019, according to the World Bank’s 11th Uganda Economic Update launched in Kampala today. The improvement in performance, following two years of sluggish growth, is driven by agriculture and the services sectors. […]